Great news for homebuyers! The federal government has introduced two key measures that could make a big difference, especially in higher-priced housing markets. Here’s how these changes can benefit you:

1. CMHC Insured Mortgage Cap Raised to $1.5M
   The CMHC-insured mortgage limit has been increased from $1 million to $1.5 million. This change allows buyers in more expensive markets greater access to financing, opening up a wider range of property options. If you’ve felt restricted by mortgage limits, this adjustment could help you get into your dream home.

2. 30-Year Amortization for First-Time Buyers
   First-time buyers now have access to 30-year amortizations, helping to reduce monthly mortgage payments and making homeownership more manageable. Spreading payments over a longer period provides financial flexibility, making it easier for many to step into the real estate market.

We’re Here to Help!
At Kim Rollins Real Estate, we not only guide you through the buying process, but we also connect you with the right professionals—mortgage brokers, inspectors, and legal experts—to ensure everything goes smoothly. Our team works closely with you, making sure you have all the right support in place from start to finish.

Curious how these changes can help you? Reach out today and let’s explore the opportunities!

Discovering Campbell River, BC: Your Real Estate Guide

Hey there! If you’re eyeing Campbell River on Vancouver Island for your next home or investment, you’re in for a treat. This coastal city is a hidden gem with a lot to offer, and I’m excited to share what makes it such a fantastic place to live and invest.

Why Campbell River?

Campbell River isn’t just a pretty face—though it certainly is that, with its stunning ocean views and outdoor adventures. It’s the perfect blend of natural beauty and relaxed living. Whether you’re into hiking, fishing, or simply enjoying the breathtaking scenery, Campbell River’s got it all.

What’s Happening in the Market?

Here’s the scoop on the current market trends:

• High Demand for Scenic Homes: People are flocking to Campbell River for its ocean views and access to nature. Homes that highlight these features are in hot demand.
• Investment Potential: For those looking to invest, Campbell River is showing promising signs. The demand for residential properties, especially those that fit the city’s outdoor lifestyle, is strong.

Neighborhood Highlights

Campbell River offers a variety of neighborhoods, each with its unique appeal:

• Willow Point: A great choice for families, with good schools and parks. It has a friendly, suburban vibe.
• Central: This area combines historic charm with modern conveniences. It’s close to local amenities and waterfronts.
• Quadra Island: Just a short ferry ride away, this island provides a quieter lifestyle with beautiful properties and stunning nature.

Looking Ahead

The future looks bright for Campbell River’s real estate market. As more people discover the charm of this coastal city, demand is likely to stay strong. Keep an eye on interest rates, as they might affect how affordable homes are in the near future.

Why Now is a Great Time

If you’re thinking about making a move to Campbell River or investing here, now is a great time to dive in. With its attractive lifestyle, solid market performance, and room for future growth, Campbell River is definitely worth considering.

Got questions or need help finding the perfect property? I’m here to assist with all your real estate needs. Reach out anytime!