Buying, owning & selling a home
Buying a home is a significant milestone for many. There is a lot to consider when purchasing property and taking on a mortgage. Whether you’re a first-time buyer, a seasoned homeowner, or contemplating selling your property, it’s important to know what’s involved and what options you have.
Explore the links below to reliable guides and online tools and organizations offering legal help. They have been chosen by librarians at Courthouse Libraries BC.
Selected resources
Buying a Home in BC
This publication is for those who want to buy a home in British Columbia. It goes through the steps of the process, from making an offer to closing the deal. It also explains the common legal documents involved — in language you can understand. The information is current to November 2019.
Buying a Home
Links to information from Canada Housing and Mortgage Corporation about buying a house. Content includes home-buying step by step, the First-Time Home Buyers’ Tax Credit, expansion of the Home Buyers’ Plan (HBP), planning and managing a mortgage, and information for newcomers.
Getting a Mortgage
Explains what’s involved in getting a mortgage, and key things to watch for. These include signing the mortgage contract, deciding on the mortgage term, and negotiating the right to prepay. It explains why you might want an assumable mortgage, and describes mortgage loan insurance. It also answers some common questions.
The Renovation Process
Discusses the importance of good communication and clear documentation during a renovation, and the specific responsibilities of the renovator and homeowner. It highlights the use of change orders for alterations or extra work and the necessity for homeowner approval before any work that results in added costs.
If You’re Facing Foreclosure
Explains foreclosure, the legal process the lender can take if you default on your mortgage. Find out your rights and options if you’re facing foreclosure — you don’t automatically lose your home if you default on your mortgage. It gives you steps to take to work out the problem. It also answers some common questions.
Dial-a-Law: Selling Your Home
Learn about what you should consider before putting up the “For Sale” sign. It explains the difference between selling your home yourself or hiring a real estate agent. It covers the process of selling a home, from getting a valuation to completing the sale. It also answers some common questions.