5 Tips for First-Time Buyers on the North Shore

1. Get a mortgage pre-approval before you start touring homes. It tells you your real budget and signals to sellers that you're a serious buyer.

2. Understand strata documents if you're considering a condo or townhouse. Depreciation reports, minutes, and contingency reserve fund balances can tell you a lot about a building's health.

3. Factor in Property Transfer Tax and, if applicable, the Foreign Buyer or Speculation and Vacancy Tax exemptions available to BC residents.

4. Don't skip the inspection, even in a competitive multiple-offer situation — ask about pre-inspection options so you can still submit a strong offer.

5. Work with an agent who knows the specific micro-market you're targeting. Pricing dynamics in Lynn Valley are different from Central Lonsdale or Deep Cove, even a few blocks apart.