Own Your Life ~ by Jessi Johnson

Picking the right tenant can make your rental profitable and peaceful. Picking the wrong one? Late rent, damage, and drama. In this video I show you exactly how to attract, screen, and approve A+ tenants—even in a competitive British Columbia market. Stick around to the end for the #1 screening mistake landlords make and how to get tenant credit checks for free (details in the video).What you’ll learn:-How to position your suite so great tenants want it-Pro-level marketing that stands out (photos, copy, floor plans, syndication)-A fast pre-screening system that filters time-wasters-What to look for at showings (subtle red flags)-A rock-solid application + screening checklist (credit, income, ID, references)-Deal-breaker red flags and when to walk away-How to set expectations so good tenants stay good

Are you rethinking your pre-sale purchase? With rising rates, construction delays, and prices dropping in some areas, many buyers are asking the same question: “What happens if I walk away?”In this episode, I break it all down:👉 Why so many buyers are walking from pre-sales right now👉 What your developer contract actually says (and why it matters)👉 The real consequences of walking away — including losing your deposit and possible lawsuits👉 My personal $200,000 loss story (and the hard lessons I learned)👉 Strategies to save your deposit — like assignments, negotiating a release, and getting legal helpIf you’re stuck in a pre-sale contract in British Columbia (or anywhere), this could save you tens or even hundreds of thousands of dollars.⚠ Key Takeaways:Deposits are often non-refundable (5–25%)Developers can sue for damages if they resell at a lossYou may face legal costs or credit impacts if it goes to collectionsThere are ways to limit the damage — but only if you act quickly📩 Need Help?If you’re considering walking from a pre-sale, don’t go silent. Let’s talk about your options:→ Can we assign it?→ Can we negotiate out?→ Can we structure a backup plan?📩 Want personalized advice? DM me, email me, or scan the QR code in this video for a confidential chat about your listing.📚 Grab a copy of my best-selling book Rockstar Real Estate Investing on Amazon for even more in-depth strategies.👍 Like this video, share it with someone thinking of selling, and subscribe for real market advice—not media hype.Watch and subscribe for more!👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestateDon’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time. Pick up my book here: https://amzn.to/3uX43SAWant to chat? Book time to chat with Jessi here: https://calendly.com/jessirealestate-------------------------------------------------------------------------------------------------------------------👩🏼‍💼 Are You A Real Estate Agent?   👨🏼‍💼Book a 1-on-1 with us to learn how we help agents DOUBLE their business → This is what is offered, FREE🆓 Client partnership opportunities! $$$ for you🆓 Access to Jessi's custom build Zoho CRM🆓 Google Ads coaching or discounted management🆓 Sim’s Coaching Systems 3+ coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Access to an online lead generation program🆓 Access to online lead conversion program🆓 1-Page business plan created with you by SIMS Coaching team🆓 90-day Sims Coaching new agent training program🆓 Your Assistants trained & hired with SIMS assistant team🆓 Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team🆓 Access to our private Facebook mastermind Group🆓 Access to 1-1 when you need us for support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more...👉 BOOK A CALL WITH JESSI: calendly.com/jessirealestateJessi Johnson Personal Real Estate CorporationRealtor | eXp Realty📞 604 566 8968 (office line)

Your home hasn’t sold… and you’re wondering why. In this episode, I break down the real reasons listings sit stale in today’s 2025 market—plus what you can do to fix it. Here’s what we cover:Why pricing just 3–5% too high can kill your showingsThe importance of condition and curb appealHow location impacts your asking priceThe difference between great marketing vs. lazy marketingWhy choosing the wrong realtor could cost you thousandsWhat happens when your listing goes stale (and how to revive it)The good news? Most of these issues are completely fixable. By the end of this video, you’ll know exactly what to change to finally get your home sold—and avoid leaving money on the table. Want personalized advice? DM me, email me, or scan the QR code in this video for a confidential chat about your listing. Grab a copy of my best-selling book Rockstar Real Estate Investing on Amazon for even more in-depth strategies. Like this video, share it with someone thinking of selling, and subscribe for real market advice—not media hype.Watch and subscribe for more! Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestateDon’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time. Pick up my book here: https://amzn.to/3uX43SA

Is Canada’s real estate market actually crashing, or is it just hype? The media loves doom and gloom—it gets clicks—but the real story is more complicated.In this Summer 2025 Market Update, I break down what’s really happening in Canadian real estate. While headlines scream about Toronto condos, pre-construction projects, and overleveraged investors, the truth is the market is deeply divided by micromarkets.Yes, some areas are sliding—especially high-rise condos in downtown Toronto, where inventory is so high it could take over five years to sell. But in Greater Vancouver? Detached homes in family-friendly suburbs and townhomes with rental suites are still moving—if they’re priced and presented right.Here’s what we cover in this video: ~ Why the “crash” narrative is mostly driven by a few struggling markets ~ How Greater Vancouver’s prices have barely moved in two years ~ The real difference between median and average sale prices ~ Why pricing your home like it’s 2022 will guarantee it won’t sell ~ The winning pricing strategy for late 2025 (list at or 1–2% below the most recent comparable sale) ~ Why staging, marketing, and a strong CMA are more important than ever ~ How bidding wars are still happening on the right propertiesFun fact: May 2025 was reportedly the slowest month for sales on record, with June coming in second—yet well-prepared sellers still got great offers. The key? Smart pricing + strong presentation.If your home hasn’t sold, it’s not too late to turn it around. In an upcoming episode, I’ll share exactly how to revive a stale listing and attract serious buyers.📊 Want the data?Reach out for my full report on which Greater Vancouver areas are dropping the most.📞 Let’s talk:Book a confidential call with me today.DM or email me for skill-testing questions or advice on your property.📚 Get my book:Check out Rockstar Real Estate Investing on Amazon for more in-depth strategies.👍 Like this video, share it with someone who needs to hear this, and subscribe for more no-BS real estate updates.👉 BOOK A CALL WITH JESSI: calendly.com/jessirealestateJessi Johnson Personal Real Estate CorporationRealtor | eXp Realty📞 604 566 8968 (office line)

Imagine paying $2,600 for a tiny one-bedroom apartment, needing a $200,000 salary just to qualify for a basic home, and still barely making ends meet. This isn't a dystopian future - it's Vancouver right now. In fact, Vancouver just ranked as the third most unaffordable city in the world, surpassing New York and London. And it's about to get worse. Last year, we watched thousands of British Columbians pack their bags and head to Alberta. They're not just leaving - they're running. Today, I'm going to show you why this exodus is happening and reveal the alternatives that could save you thousands every month.Vancouver's Affordability CrisisThe numbers tell a shocking story. A median-priced home in Vancouver now requires an income of over $200,000 – that's nearly triple the average Canadian household income. That's also not a house, it's going to be a townhouse or an expensive condo.For many, the dream of homeownership in the city has become completely unattainable. But it’s not just hosing driving financial strain. Everyday living costs are spiralling out of control. Groceries in Vancouver cost 20% more than the national average, forcing families to stretch their budgets on even the most basic necessities. Gas prices, consistently the highest in North America, add to the financial burden, especially for those commuting to work or managing family obligations.Meanwhile, rising utility bills and unaffordable childcare further squeeze household budgets.For renters, the situation is equally bleak – skyrocketing rents leave little room for saving. The result? Listen for more...

Will Trump's tariffs cause a mortgage renewal crisis?As the housing market continues to face unprecedented challenges, the impact of tariffs on Canada is creating ripple effects throughout our economy. The combination of fluctuating mortgage rates and an ongoing recession has many homeowners concerned about their financial future. The housing crisis is deepening, particularly in major urban centers, while real estate news indicates significant market adjustments ahead. 🏘️ 👉 Let's navigate these changes together.LISTEN FOR MORE...👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestatePick up my book here: https://amzn.to/3uX43SA

As someone deeply connected to the housing market, I want to shed light on the significant impact of recent U.S. tariffs on the Canadian housing landscape. What makes this particularly noteworthy is that these aren't just abstract economic policies affecting large corporations—they have real, tangible consequences for individual homeowners and potential buyers.Tariffs' Impact on Home Construction:The most immediate and profound impact is on home construction. Canada, being the largest softwood lumber supplier to the U.S., finds itself in a challenging position. These tariffs mean increased prices for U.S. builders, which directly translate to challenges for Canadian lumber producers. We could witness lumber companies facing production cuts, potential closures, and significant workforce reductions. Once we apply counter-tariffs, the ripple effects extend to steel and aluminum industries, which are crucial for high-rise condos, appliances, and infrastructure. Developers, unable to absorb these increased costs, will inevitably pass them directly to homebuyers, resulting in substantially higher home prices, especially for new constructions.Housing Supply and Affordability Challenges:The consequences stretch far beyond initial construction. Cities like Toronto and Vancouver, already grappling with severe housing shortages, will experience even more pronounced challenges. Higher material costs could delay or altogether cancel construction projects, further constraining housing supply. This scarcity will likely drive up prices for existing home inventories, causing a significant spike in resale home demand as new builds become increasingly unaffordable. Even homeowners looking to undertake modest renovations will feel the economic pressure, with materials like lumber, glass, and hardware becoming more expensive. Ongoing labour shortages will compound these challenges, driving renovation costs even higher.Regional Market Variations:Regional variations will add complexity to this economic landscape. Ontario might experience substantial shifts in its automotive sector, while Alberta's oil-dependent regions could face unique economic challenges. Interestingly, not all market participants will suffer.LISTEN FOR MORE...👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestateDon’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time. Pick up my book here: https://amzn.to/3uX43SA

I am Jessi Johnson, a 19-year veteran in the industry and this podcast is dedicated to helping you understand the rollercoaster real estate market in Greater Vancouver.I will post a link in the description to my recent podcast that picks apart my 2024 predicts so you can decide if I am out to lunch, or notWith changes to both the US and Canadian federal governments in play, it will be much harder to predict this year. 2025 will be a very volatile year and everything from mortgage rates to prices will be near impossible to predict. That is my excuse and I am sticking to itThere are so many “what if’s”.Listen for more...

A review of my predictions from 2024. Was I close? Or, was I out to lunch?Welcome, I am Jessi Johnson, a 19-year veteran in the industry and this podcast is dedicated to helping you understand the rollercoaster real estate market in Greater Vancouver.I am not sure about you but must of us in the real estate industry were expecting 2024 to be a much stronger year. For the vast majority of realtors, aside from the odd unicorn agent, it was a slow year, again.Predicting 12-months of Greater Vancouver real estate is almost impossible. Even a few months out can be very hard, there are too many variables and unpredictable government intervention.If the top economists are often wrong with predictions, that means my chances aren’t any better but I do enjoy the process of trying.Lets review what I predicted, where it landed in 2024 and why.Book time to speak with me here: https://calendly.com/jessirealestate

Recently in Canadian real estate, we’ve seen: ~ GDP numbers fall, shifting predictions for December rate cuts ~ Consumer insolvencies returning to pre-pandemic levels ~ Canadians saving at near-record ratesFresh GDP numbers are in, and they’re weaker than expected. Canada’s economy grew just 1% year-over-year in Q3. GDP for September expanded by only 0.1%. On a per-capita basis? It actually fell by 0.4%. That’s the 7th straight quarter of decline.The quarter matched expectations, but September’s growth disappointed. Economists had predicted 0.3% growth. Real estate, retail, and transportation saw gains. But construction, mining, and energy dragged the numbers down.Looking ahead, early Q4 data looks weak. Swap traders now see a 33% chance—up from 25%. But I still believe a 0.25% cut is more likely. BMO’s Doug Porter agrees.Now, for an interesting twist. People are saving at near record levels. Are people spending less because they can’t afford to? Or is something else at play? Perhaps they are preparing for something?Consider this: ~ The household savings rate hit a 3-year high—7.1% in Q3. ~ Disposable income is growing nearly twice as fast as spending. ~ People are saving instead of spending. ~ Uncertainty is driving this shift.I think, Canadians, familiar with recent tough times, are preparing for more rainy days ahead. But while saving is up, so is debt. Credit card balances hit a record $110 billion in September.Consumer insolvencies? They’re up 8.8% year-over-year—and 18.4% in Ontario. We’re back to pre-pandemic levels. If this trend continues, we could see 2008-style insolvencies by 2025.Monthly mortgage payments are showing some relief. The payment for a typical home dropped $10 in October. Not much, but, that’s down 20% from the peak. But let’s be real— Payments are still 90% higher than in 2021. The average monthly payment now stands at $2,975. Guess what it was in 2021? Just $1,600.Mortgage rates play a key role in real estate sales. When rates hit record lows in 2021, sales volumes hit record highs. As rates climbed, sales fell. Mortgage rates have been on a stead decline for some time now:Variable is now 4.49%.Fixed is 4.4%Markets are pricing in a 90% chance of a 0.25% cut on December 11. And rates could bottom at 3% by mid-2025.Let’s talk about broader economic shifts. Don't forget about Trump’s proposed tariffs. He’s eyeing 25% tariffs, which could slash Canada’s GDP by 2-3%. This would push us into an all-out recession. And, would force the Bank of Canada to lower rates further.Meanwhile, inflation "looks" well under control. The shelter component still makes up over half of CPI. But with falling rental rates and new units coming online, this influence should decline over time. Without shelter, inflation today would be just 0.9%.Now, to Canadian businesses. We’re seeing record-high business closures. The small business delinquency rate hit 1.5%— up from 0.35% pre-pandemic.Ontario is bearing the brunt: Business insolvencies up 26% year-over-year. 300% higher than 2021.Covid loans are strangling already struggling businesses.Can we recover? I certainly hope soThat's all for now.Call me anytime with your skill-testing questions.Book a time to have a confidential conversation with me here: https://calendly.com/jessirealestatePlease share this video with someone now.

What if you could shave off years of your mortgage amortization, save over $40,000 in interest, and even benefit from tax-saving strategies—all by giving up just one coffee a day?It might sound too simple to be true, but let’s take a look at the numbers…they speak for themselves. Let’s take a $1,000,000 mortgage with 25 years left to pay and an interest rate of 5%. The monthly payment for this mortgage would be approximately $5,846. Now, imagine that your daily coffee habit costs $5 a day. By redirecting that $5 toward your mortgage, you could reduce your repayment term from 25 years to 23 years and 10 months.Just over a year might not sound like a lot of time, but the interest savings are substantial, you’d save over $41,000 in interest over the life of your mortgage. But what if you doubled that $5/day to $10/day?Let’s explore how much further you could go.Let’s stick with the $1,000,000 mortgage example, with 25 years left to pay and an interest rate of 5%. The monthly payment is approximately $5,846. If you redirected $10/day—the equivalent of skipping two starbucks coffees or another small expense—you could reduce your mortgage term even further, down to 22 years and 8 months. The interest savings? A substantial $78,986 over the life of your mortgage.Now here are 2 ways you can put these strategies into use.1. Use Prepayment PrivilegesMany lenders offer prepayment privileges that allow you to increase your regular mortgage payments.You’ll have to take a look at your mortgage contract to see which pre-payment privileges but most mortgages allow you to increase your payment to a certain percentage.Take advantage of these by notifying your lender of the desired payment increase, it’s as easy as that.This option is convenient because it’s automatic. Once set up, you don’t have to think about it—it just works in the background, helping you pay off your mortgage faster.2. Make Lump-Sum PaymentsAnother option is to make a lump sum payment. Let’s say you get a bonus at the end of the year or you save up money throughout the year and have additional savings. You could throw this sum at your mortgage, but just make sure to check your mortgage contract to determine the amount you’re allowed to put down as a lump sum.Another advantage is that when you put extra money toward your mortgage, you’re effectively earning a guaranteed return by reducing the amount of interest you’ll pay. And this return is completely tax-free.For example, if you invest that same $5/day elsewhere outside of a TFSA or RRSP , your returns could be subject to taxes. But with mortgage prepayments, every dollar goes directly toward reducing your debt, making it a smart financial strategy.Are you ready to take control of your mortgage and explore how prepayment strategies can help you save thousands and pay off your home faster?Every situation is unique, and I’m here to guide you through the options that work best for you.Book a call with me today, and let’s create a personalized plan to maximize your mortgage savings.Whether it’s leveraging prepayment privileges, setting up lump-sum payments, or finding creative ways to redirect daily savings, I’ll help you make it simple and effective.That's all for now. Call me anytime with your skill-testing questions.Book a time to have a confidential conversation with me here: https://calendly.com/jessirealestate/phone-meetingPlease share this video with someone now.Grab a copy of my best-selling book, 'Rockstar Real Estate Investing' on Amazon or more in-depth knowledge: https://amzn.to/40cvjgy

Re-elected US president Trump plans to implement a massive 25% tariff on Canadian goods the day he comes back into powerIs this all bark and no bite? Or will he push us into a recession?Let’s start with the basics: what are tariffs?What are tariffs?A tariff is essentially a tax placed on goods being imported into a country.The idea is to make those imported goods more expensive, giving domestically produced goods a competitive edge.Sounds simple, right?But the ripple effects can be far-reaching, impacting businesses, consumers, and even entire economies.Now, let’s talk about Trump’s plan.He has proposed implementing a 25% tariff on all goods coming into the United States.That’s a massive increase, and it could touch nearly every product Americans import from trading partners like Mexico and here in Canada.To put it in perspective, let’s look at an example.Imagine an American company importing a car that costs $30,000.With a 25% tariff in place, that car would now cost $37,500How Tariffs Impact Consumers?When a government imposes tariffs, it’s important to understand who really ends up paying the price.Technically, the tariffs are a tax on companies importing goods into the country.For example, if a 25% tariff is placed on imported products, those businesses suddenly face significantly higher costs for those items.Now, here’s the key question: what do companies do with those increased expenses?They certainly don’t just absorb them.Instead, they pass them along to us—the consumers.That means the higher cost of importing goods gets baked into the final price of everything we buy, whether it’s food, cars, or household items.In effect, these tariffs act as a hidden tax, making everyday essentials more expensive.And this, my friends, is what we commonly refer to as inflation.Printing money isn’t the only cause of inflation.It’s not just businesses that feel the pinch—it’s all of us.Why does this impact Canada?Listen and subscribe for more!👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestate/...Don’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time. Pick up my book here: https://amzn.to/3uX43SA

Brace yourselves, because a massive shift is coming that could completely reshape Vancouver's real estate market. Starting in 2025, Canada is slashing its immigration targets. We’re talking about 20% fewer permanent residents and almost half a million fewer temporary residents over the next two years. That’s a drastic drop that could throw our housing market into uncharted territory.We’re going from a projected 1.2 million new residents each year to close to zero net growth. For the first time since the 1950s, Canada could even see a population decline. So, what could this mean for Vancouver’s real estate market? Immigration Cuts:Let’s talk about just how drastic these immigration cuts really are. This isn’t just a small adjustment; it’s a dramatic shift that signals a bold, and some might say hasty, move by the Canadian government. Rather than opting for gradual changes or more calculated measures to manage population growth, the government is taking an axe to immigration levels, cutting permanent residency by 20% and slashing temporary residents by nearly half a million over the next two years. This isn’t something we typically see from a country known for its open-door policy and reliance on immigration to fuel economic growth. These changes are sudden and sweeping, and they suggest a reactive rather than strategic approach—one that could have unforeseen consequences, especially in areas like real estate, which has long counted on consistent immigration to drive demand. This hard pivot could leave markets scrambling to adapt, and for cities like Vancouver, it’s going to mean big changes in who’s renting, buying, and even how much properties are worth.Economic Impact of Immigration Cuts:With these immigration cuts, we’re likely to see Canada’s GDP projections take a hit. The Bank of Canada may lower GDP growth expectations from around 2-3% down to closer to 1%, given that a significant part of our economy relies on immigration growth.With this slower economic growth, there’s a higher chance that the Bank of Canada could consider interest rate cuts in the near future. And that’s where things start to get interesting for the Vancouver housing market, as any changes in interest rates are closely tied to housing demand and prices here.Supply and Demand:Let’s dive into one of the most fundamental principles in real estate—supply and demand—and see how these immigration cuts are going to shake things up. In a market like Vancouver, where housing prices are already sky-high, many newcomers are faced with regulations to restrict buying; they rent first. Immigrants and temporary residents typically drive a huge portion of rental demand because they need a place to live while they get settled. So, what happens when you take away such a large group of renters? Simple: demand drops. ... listen for more

Are Mortgage Rules Changing Weekly? Here’s What You Need to Know!In this video, we’ll break down the latest mortgage rule changes and how they may affect you.Key Updates:No More Stress Tests for Insured Mortgage Renewals:Now, you don’t need to qualify at a higher rate when renewing a non-insured mortgage, giving you more options to negotiate with lenders.Return of 30-Year Amortization for Insured Mortgages:Available for first-time homebuyers and new construction purchases, this lowers payments or allows you to qualify for a bigger mortgage.Less Than 10% Needed to Purchase a Home up to $1.5M:Starting December 15, 2024, you’ll need 5% down for the first $500K and 10% for the remaining, equating to an 8.3% total down payment. Though helpful, it may drive up home prices.90% LTV Refinance for Secondary Suites:Beginning January 15, 2025, homeowners can refinance up to 90% of their home’s value to build secondary suites. These units must be long-term rentals, and the previous LTV cap was 80%.How These Changes Impact You:The removal of the stress test allows for more competitive mortgage options, while the return of 30-year amortizations could ease your monthly payments. The higher $1.5M purchase cap makes homeownership more accessible, but it could also drive prices higher in an already expensive market. The 90% LTV refinance program supports adding secondary suites, but high renovation costs could limit its appeal.What to Expect:With dropping interest rates and record-breaking immigration numbers, the housing market may see significant growth over the next few years. Although many of these changes offer benefits, they may also fuel an already heated market.SOURCES:https://globalnews.ca/news/10776156/mortgage-stress-test-renewal-dropped-osfihttps://globalnews.ca/news/10757723/ottawa-to-expand-30-year-amortizations-raise-insured-mortgage-caphttps://www.canadianrealestatemagazine.ca/news/canada-mortgage-reforms-announced-09-2024https://www.canadianmortgagetrends.com/2024/10/feds-launch-mortgage-refinancing-program-to-boost-secondary-suites-and-ease-housing-crunchhttps://www.google.com/url?q=https://immigration.ca/canada-immigration-numbers-for-2024-matching-last-years-record/&sa=D&source=docs&ust=1729652094016710&usg=AOvVaw34eHBRhOrah92MtQ8uyuk2Stay tuned for more updates and feel free to drop your questions in the comments!

Rumours have been floating around for a while but are now coming to fruition.The government has been researching the pros and cons of coming after principal residence by removing your capital gains exemption for a while now. Effective January 1, 2025, if you purchased a home less than 2 years ago and sell it for a profit, you could be subject to massive penalties.Previously, the federal government forced you to hold the property for 12 months, but that has now doubled. Even worse, the provincial NDP government now wants in on it too. More on that shortly.For example, let’s say you purchased a townhouse for $1,000,000 in spring of 2023 and god forbid, you renovated the home with $200,000 in upgrades. Your townhouse is likely worth around $1,400,000, now. If you sold that home, you would “roughly” have a $200,000 profit. Previously, this was yours to keep, but not anymore if you sell within two years.So, if you already make $150,000 per year, the Federal governments adds the $200,000 to bring your new annual income for that year to $350,000.This not only means you pay tax on the entire $200,000 but even bumps up your tax bracket so you pay a more significant percentage the entire amount. But wait, there is more. In BC, you will pay another 20% fine/tax if you sell within 12 months and a slightly discounted penalty between 12 to 24 months. This is know as the flipping tax, yes, another flippin taxI am NOT an accountant, nor do I claim to be to ensure you speak with a professional for accounting advice specific to your situation. Are there any exemptions? Yes, a lot but, you will have to argue them.Some examples are:Death of death of a related individual Serious illness or disabilityYou are having a baby and need more spaceDivorce or common law separation Most native or aboriginal lands are exemptThreats to personal safetyForeclosureBankruptcyDestruction of home due to fire or natural disasterThis is likely only the start, the federal government is looking at options to tax your principal residence, even if you own it longer than two years. The federal government must pay for their reckless spending somehow and homeowners are a great target for them.Fed up and considering leaving Canada? Well, they are now taxing and penalizing you for that, too.  We will leave that for another podcast.Shocker, the government isn’t honouring existing contracts and grandfathering. So, if you bought a presale many years ago and thought all this time your investment was growing, thank again.The government doesn’t care that you purchased it before they released this new rule and will come after your profits. Now, you might be thinking, who cares, people making money off real estate can go to hell… well, think about thisIf we no longer have investors to do the maintenance and renovations required, who is left to do it? Well, that leaves you. You might be OK with renovating and upkeep, but most people aren't.Many people periodically update different sections of their home as needed, So you get a mismatch of renovations, which are often poorly done in the first placePeople often renovate right when they take possession and then live in the unit, so when they finally sell, it is not new, often outdated and has lots of wear and tear. Many homes will not be “turnkey” like most buyers preferFor many families, flipping a property occasionally is a side hustleWithout a side hustle or huge income, you can’t get very far in Greater Vancouver.Remember to Own Your Life!

Should you sell your current home before purchasing a new one, or buy a new home before selling the old oneThis is a nuanced decision with advantages and drawbacks to each approach. Let’s break down both options.First, consider the choice of selling your current home before buying a new one.One of the main benefits of selling first is that you'll know exactly how much money you have available when shopping for your next home. This clarity allows you to set a more accurate budget for your purchase.Another advantage is that you’ll avoid the stress of managing two homes simultaneously, both financially and emotionally. You can focus on the sale without the added pressure of immediately finding and moving into a new home.However, there are also some disadvantages to selling before buying... Listen for more

Despite dropping mortgage interest rates, the market remains slow. You can find out more about current trends in this video.Listen and subscribe for more!

Updated first-time home buyer incentives for Canadians!Did you know, you can get first-time buyer incentives more than once?Enjoy the guide to buying your first home in Greater Vancouver.Listen and subscribe for more!

Inventory hits a 4-year high, mortgage rates are falling and here is your market updateIf you bought an average detached house in Greater Vancouver in January, you are now almost $120,000 richerIf you bought an average townhouse in Greater Vancouver in January, you are now almost $69,000 richerIf you bought an average condo in Greater Vancouver in January, you are now over $25,000 richer

In this episode, we cover the new legislative changes to the Residential Tenancy Act as well as a number of skill, testing questions. Keaton covers what all the latest changes mean including the negative and positive implications. We also cover questions like, what's a bad tenant or lousy landlord? When is it time to seek help from a property manager? What do you think of the new Airbnb ban...Listen and subscribe for more!

The Bank of Canada Holds is over Overnight Rate at 5%. This came as no surprise, most of us in the industry didn't expect much much to happen until June. To be clear, the bank Canada announcement is specific to variable or line of credit mortgages. Fixed mortgages have been coming down since last October, but the media doesn't seem to be covering that for some reason. So you might be asking, what's the holdup? Why are they not stopping the pain and lowering floating interest rates?High inflation in the US is a huge factor, it has a ripple effect up here in Canada. The high cost of housing also keeps our Canadian inflation numbers high. Obviously, the higher cost of fuel with things like a carbon tax doesn't help either.Canada is currently experiencing high unemployment numbers.

Yes, you heard that right. Our federal government is added again and wants to make it harder to qualify for a mortgage starting in 2025.If it's not hard enough already, I am disheartened to say that it's about to get harderThe new rule, set to take effect in the first quarter of 2025, limits the amount of mortgage a bank can issue to a maximum 4.5 times a borrower's annual incomeThe loan-to-income (LTI) ratio compares the size of the homebuyer's mortgage to their gross income.You can thank OSFI for this, aka Office of the Superintendent of Financial InstitutionsHow is that going to affect you?

Proper pre-approvals, why this is crucial to your success for many reasons. 

People often overlook the dangers of waiting to buy real estate in hopes of seeking lower mortgage rates. However, it is generally substantially more expensive to do this, and you don't necessarily qualify for more with a lower rate because the purchase price is substantially higher. Of course, I can't predict the market, but I can tell you I'd be shocked if it didn't go up 10% in the next 12 months. A purchase price of $1,000,000 with 20% down, a 5% rate, and a 30-year am will result in a monthly payment of $4,270. When that rate is dropped to 4%, the monthly payment is $3,804, a difference of $466.Now, $466 x 12 months = $5,592 or $27,960 in payment over 5 years (if selecting a 5-year term).You are far better off buying at a higher rate with the lower purchase price in most circumstances in Greater Vancouver.

In this episode, we review a new-ish plan aimed at finally tackling Canada’s housing crisis. Right now, the government is thinking about how we can build as many homes as fast as possible, and they look to the past to pave the way to the future.  Pun intended ;)In a nutshell, they are creating a catalogue of the pre-approved building designs at the federal level. Now this isn't exactly a fresh new idea, though.  After the Second World War, a similar policy was implemented with tremendous success. In 1941, the government set up a company called Wartime Housing Limited. They prepared thousands of identical blueprints and mailed them to builders nationwide. They obviously didn’t have email back then. These cookie-cutter homes were referred to as Strawberry Box Homes or Victory Houses. Guess how long they took to build? Two months... Two weeks? How about only 36 hours...Listen and subscribe for more!👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestate

Like many realtors, we were skeptical about eXp Realty when we first heard about it. It seemed too good to be true. I initially thought that only low-producing realtors went there because of the low monthly fee.It's got to be a pyramid scheme...I'm not interested in recruiting agents...I like having an office...The model isn't sustainable…I had a lot of skepticism when first learning about eXp so… In this episode, I will cover why I am glad I waited to join eXp. Listen and subscribe for more!

In this episode,I will cover the pros and cons of my personal experience of joining eXp realtyI am Jessi Johnson, an 18-year real estate veteran helping show you what to do, and what NOT to do, in your realtor businessFounded in 2009, eXp Realty has quickly become a significant player in the global real estate industry, thanks to its cloud-based model. It has now surpassed RE/MAX in the US and is the fastest-growing real estate company in the world.Although eXp is ideal for most, it isn’t for everyone, and I am happy to help you decide for yourself.PROS... watch & subscribe for more!__________________________________________________________ 👩🏼‍💼 REALTORS! 👨🏼‍💼 Level up your production and create realtor retirement.Suggested STEPS:#1 ~ I recommend investing less than 10 minutes of your time for your future prosperity and watching "eXp Explained in less than 10 minutes": https://www.loom.com/share/209a3cd078... #2 ~ Book a confidential meeting with Jessi to learn if eXp is right for you: https://calendly.com/jessirealestate/...#3 ~ Run a cost analysis to compare doing the same business at your current brokerage verses eXp. For new agents, we can run scenarios. The year I left RE/MAX in 2021, I only made $300,000 in annual commissions. I decided to compare what RE/MAX cost me versus exactly what it would cost if I did the same business with eXp, specifically in the Collaborative Movement. The difference was over $47,000 (when including 12k in coaching). In my first year with our Collaborative Movement group, my commissions jumped 35%, I am working less, and this was during COVID lockdowns. 

In this episode, I will articulate what a BC Assessment is and how to figure out the true value of your homeI am Jessi Johnson, guiding you with 18 years of experience as a mortgage broker and realtor.First off, BC assessments are expired calculationsThey are calculated based on July 1st of the previous year so they can be upwards of an entire year outdatedA lot can happen in a short period of time when it comes to real estate property values, especially in Greater Vancouver!You might be thinking, if I can't trust BC assessment correctly to assess the value of my property, how can I figure this out?There are two solid methods:#1 - Hire a local professional licensed property appraiser#2 - Seek guidance from a local expert realtorThe appraiser will cost you $300 to $500, on average but you would generally only use this when it comes to getting a mortgageIf you like in Greater Vancouver, just call me and I will help you figure it outFactors that affect your assessed value are...Enjoy and subscribe for more!

In this episode, we will dive into something that I wanted to run numbers on for quite some time. Was it actually more affordable to buy real estate in Vancouver with a 20% mortgage rate? Watch and subscribe for more!👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestateDon’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time. Pick up my book here: https://amzn.to/3uX43SAWant to chat? Book time to chat with Jessi here: https://calendly.com/jessirealestate

In this episode, we will my Real Estate Predictions for 2024 and but first audit my past predictions from to 2023 to see if I was accurate… or out to lunchI am Jessi Johnson, guiding you with over 18 years of experience as a mortgage broker and realtor.To quickly review 2023, while most predicted the real estate market would drop in 2023…. I predicted prices would increase, and I was right! For mortgage rates, I predicted rates would... Listen and subscribe for more!

In this episode, we discuss how to buy presale with zero downYes, you heard that right – $0 down! Let’s find out howThen you likely understand how important it is to seize the opportunity right nowLong-completion Metro Vancouver presale is key...Listen and subscribe for more!

In this episode, we will cover… Which strategies can save you the most in repaying your CEBA loan. You may or may not like what you hearListen and subscribe for more!

In this episode, we will cover how and why your Great Vancouver property will likely double, again, in the next 6 years.CMHC, a.k.a. The Canadian Mortgage Housing Corporation, is generally known for being a conservative organization when sharing predictions.  After all, they are run by the government of Canada. CMHC just predicted Greater Vancouver homes to increase by at least 89% over the next six years.  Considering how conservative they are, and they're using inaccurate, under-reported immigration numbers from the federal government. This number will likely be over 100%, which equates to double your current value. Canada needs about 3.5 to 4 million “additional” housing units by 2030 to restore affordability. Furthermore, I don’t think that takes into account all the immigrants, student visas and overstays.  Do I see all these new housing units built in time?  Watch and subscribe for more!👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestateDon’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time. Pick up my book here: https://amzn.to/3uX43SAWant to chat? Book time to chat with Jessi here: https://calendly.com/jessirealestate

In this podcast episode, we will review which cities pay the highest rental rates. If you're thinking about moving to a new city, you might be wondering which cities charge the highest rental rates. Or perhaps you are an investor looking to maximize your investment return?Listen and subscribe for more!

In this episode, we'll ask the question: will Vancouver's new Multiplex plan save the housing crisis?A lot has been said about the new Multiplex plan – will it help solve the housing crisis in Vancouver? Or is it all just talk? In this video, we'll take a look at the proposal and see if it can help solve the housing crisis in Vancouver.Listen and subscribe for more!

In this episode, we will discuss the recent news that Airbnb has been banned in Vancouver. What does this mean for the city's tourism industry? And what are the possible consequences for those who have used Airbnb in the past?If you're looking for answers to these questions, watch this video! We'll discuss the implications of the ban on Airbnb, as well as the possible consequences for those who have used the platform in the past. 👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestateDon’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time. Pick up my book here: https://amzn.to/3uX43SA

If you're considering whether or not to buy a home in British Columbia, then be sure to know about BC's rescission periods. Join us for a beginner's guide to make BC's rescission periods easy to understand.If you're buying a home in British Columbia, you must know BC's rescission periods. These periods allow buyers to cancel a contract after serving notice that they want to rescind it. This guide will explain these periods in detail so you can make an informed decision. After reading this guide, you'll be able to understand rescission periods and make an informed decision about buying a home in British Columbia!So, what exactly is the rescission period?In simple terms, the rescission period is a set amount of time that allows you, the buyer, to change your mind and rescind or cancel a contract.This period ensures you're completely comfortable with your decision, particularly in high-stakes transactions like real estate.You likely have heard of the rescission in presale contracts, which was somewhat successful.This was introduced to protect unrepresented buyers from pushy presale salespeople who convince them to sign a contract without them doing the due diligence. An unrepresented buyer means a buyer working on their own without the guidance of a realtor. Very similar to presale contracts, which have a 7-day rescission period, there are 3 business days permitted for resale contracts.Listen FOR MORE...👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestateDon’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time. Pick up my book here: https://amzn.to/3uX43SAWant to chat? Book time to chat with Jessi here: https://calendly.com/jessirealestate

In this episode, we will cover a creative way to invest in real estate, skipping the mortgage qualifying and why you should be paying attention to presale properties.Ever wondered if there's a way to sidestep the rigorous bank qualification process when buying a home?Well, strap in, because you're about to learn a game-changer!

n this video, we'll teach you how to win real estate bidding wars. We'll show you the tricks that successful real estate buyers use to get the house they want, even when the competition is fierce.If you're looking to buy a house in the near future, then you need to watch this video! We'll teach you the techniques that will help you bid higher and win the real estate bidding wars. From understanding the market to using negotiation skills, we'll give you everything you need to win!

In this episode, we will discuss how most depreciation reports are outdated based on expired maintenance cost predictions and that your strata should update the report.Do you own a condo or townhouse? In the past, depreciation reports were created and values were estimated for work to be completed in the future.This was way before the supply chain issues and the new crazy cost of building supplies. Many condo strata organizations do not have enough money saved for the new value of the cost to fix and repair. That means strata fees are either going to go up substantially or they will require levy or assessment payments. Be proactive and ensure your strata's deprecation report covers today's prices, not pre-Covid/ pre-supply chain issues / pre-inflation.This initial challenge lies in the cost of updating a deprecation report. They are very expensive to createDepreciation reports can cost thousands of dollars, depending on the size and complexity of the strata corporation's common assets and buildingsI used to run a strata and served as president and vice president, so can speak from experience here.A standard 8 foot 2x4, which isn’t actually that size, goes for about $4 CAD now.Yes, it was way higher a couple of years ago but it is down again.Going back 5 years ago, it was about $2.50. So, the cost is up about 37.5%.However, you now also pay more tax on the higher amount so instead of paying $2.80, you are actually paying $4.48That is a total cost of $1.68 more, per 2x4 board!So the cost of the 2x4 board is up 60%, that is insane!Yes, that is a small example but things like windows, plumbing, and electrical supplies are even higher.So, if your budget is $1,000,000 to fix X, your strata likely does NOT have the capital to cover the difference.Enter, the levy.Did you know that you can not get a mortgage to cover a levy, in most circumstances?Your strata will need to increase the strata payments to ensure you have enough to cover the cost of these expenses in the future.I am not trying to freak you out but instead, prepare you for the inevitable. Be proactive, talk to your strata. Prepare for the future.👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestate

CEBA Covid business loans are due in a few months, so I will share how you can save $20,000!In this episode, we will cover the potentially negative impact of the COVID CEBA loans that are due end of December and the trick to save your business $20,000!Did you know that over 900,000 businesses in Canada took CEBA COVID loans? For those that don't know, these were the loans granted by the government after they shut down businesses during Covid lockdowns so that they could have a chance of survival.That means the government lent out 50 to 54+ billion dollars and expects it back very soon. Over 50 billion of that is still outstanding. Are you curious how many of those businesses have already paid back that debt? Only 10% and 72% are asking for more time, an extension of repayment90% of businesses still owe the government the $40,000 to $60,000 and most took the 60k. The Financial Post reports that over 250,000 Canadian businesses may close if the loan repayment deadline isn't extended (for a second time). 89%, of small businesses in Canada took out the CEBA emergency loans during the pandemic to help them stay afloat, according to the Financial Post.The government didn't have the money to lend in the first place, so they printed it, which caused most of this inflation mess in the first place. If businesses and families don't have enough struggle already, now they will have another huge monthly payment to worry about. This could be a massive problem for many and the government should seriously consider extending this loan until the economy bounces back and inflation subsides.By the way, of the $40,000 or $60,000 borrowed, the government is offering up to $20,000 forgivable. That equates to $10,000 if you borrowed $40,000 and $20,000 if you borrowed $60,000. I don't know how they came up with those ratios because that simple math is off my mile. If you do not have the entire loan paid back by the cut-off time on December 31st, 2023, you will not be able to receive the forgivable portion and will owe the whole amount back. You are better off obtaining a different loan to pay the government back so you don't have to repay the entire amount. There are products out there now, contact your local bank or credit union for options.The BDC (Business Development Bank of Canada) have loan options where you can easily obtain up to $100,000 but again, will be paying for it monthly. If you're able to pull this off before the end of December, you will be able to receive the forgiveness option and save $10,000 to $20,000.If you are unable to obtain a loan from your bank or an alternative provider, you can expect to start paying monthly interest payments to the tune of 5%. On a $40,000 loan, this equates to $2,000 a year in interest costs or $167 a month. Now this might not sound like it's going to break the bank but this is only the interest payment the remaining balance outstanding so you have to increase your payments to compensate. The deadline for for repayment is December 31, 2025, which is 24 months. So, 40,000÷24 months = $1,667 + interest charges. How many businesses can afford an extra $1,800 monthly payment right now?👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestate

In this video, I will cover all of the questions your realtor should be asking you and here is a link to the downloadable questionnaire:https://www.jessijohnsonrealtor.ca/wp...WATCH the video for more...

In this video, I will cover all of the questions that you should be asking your realtor and here is a link to the downloadable questionnaire:https://www.jessijohnsonrealtor.ca/wp...WATCH the video for more...Make sure you also watch my video titled, "Questions your realtor should be asking you"!👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestateDon’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time. Pick up my book here: https://amzn.to/3uX43SAAlso, let us know if you are interested in becoming a realtor and joining our team at eXp. We have one heck of a program for new and experienced agents. 

In this video, I will share a unique opportunity to make money quickly! I will give you up to $10,000 (CAD) and the current real estate statistics. Watch the entire video to learn how.If you're looking to make money quickly and easily, then this is the opportunity for you!  So what are you waiting for? WATCH the video for more...👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestateDon’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time. Pick up my book here: https://amzn.to/3uX43SAAlso, let us know if you are interested in becoming a realtor and joining our team at eXp. We have one heck of a program for new and experienced agents. 

In this video podcast, we're gonna cover the real estate predictions for 2023. Yes, sales are down big time. But most price drops in Greater Vancouver seem already priced into the market. The Greater Vancouver market dropped a whopping 6.6% In the past year. That's it. I personally as well as many others were hoping for a considerable decline and pick up some properties at lower prices. But know the resilient market in Greater Vancouver just keeps on going. Some cities in Canada weren't even affected at all. For example... WATCH THE VIDEO FOR MORE :)👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestateDon’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time. Pick up my book here: https://amzn.to/3uX43SAAlso, let us know if you are interested in becoming a realtor and joining our team at eXp. We have one heck of a program for new and experienced agents. 

Should you sell your current home before buying a new one or buy a new one before selling the old one?It's a complex decision, and there are pros and cons to both options. So, let's take a closer look at each option.First, let's explore the option of selling before buying. The main advantage of this approach is that you'll have a clear picture of how much money you have to work with when you're looking for a new home. You'll know your budget and can search for a new home accordingly.Another advantage of selling first is that you won't have the stress of owning two homes at once, which can be financially and emotionally taxing. You can focus on selling your home without worrying about the pressure of finding a new one.However, there are also some disadvantages to selling before buying... WATCH video for more👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestateDon’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time. Pick up my book here: https://amzn.to/3uX43SAAlso, let us know if you are interested in becoming a realtor and joining our team at eXp. We have one heck of a program for new and experienced agents. 

See the questionnaire here with a downloadable PDF for "Questions Your Realtor Should Be Asking You":https://www.jessijohnsonrealtor.ca/qu...See the questionnaire here with a downloadable PDF for "Questions you should ask your realtor":https://www.jessijohnsonrealtor.ca/qu...👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestateDon’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time. Pick up my book here: https://amzn.to/3uX43SAAlso, let us know if you are interested in becoming a realtor and joining our team at eXp. We have one heck of a program for new and experienced agents. 

Find presale buying opportunities here: https://www.jessijohnsonrealtor.ca/pr...Did you know that you don’t necessarily have to complete a presale purchase? Many contracts are assignable or flippable, to a new buyer, before the completion... Watch to learn more!If you can’t sell the contract or don’t want to for the price a buyer offers, you must complete on the transaction. So, make sure that you qualify to complete, in the event that you must. Also, what if the market drops, this is unlikely but still possible... Watch to learn more!The Canadian government has changed their focus back to immigration but kinda forgot to fix the housing crisis first. Almost 800,000 new people arrived to Canada in 2022 and the government has set a goal of 500,000 every year, for another 4 years. This will more than likely cause home prices and rental prices to keep going where, straight up... Watch to learn more!Are there any discounts, as in price reductions or incentives, when buying presale, you might ask? Great question, there are not really discounts, pretty much everyone pays the same, in most circumstances. However, there certainly can be incentives, so look out for those. Some incentives examples are: ~ 1 year of mortgage payments ~ Upgraded appliances ~ Decorating allowances ~ Smaller deposit structures, as low as only 10% down ~ I have even seen entry-level BMW car’s offered ~ The deposit forms the down payment at completionWatch to learn more!👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestateDon’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time. Pick up my book here: https://amzn.to/3uX43SAAlso, let us know if you are interested in becoming a realtor and joining our team at eXp. We have one heck of a program for new and experienced agents.