Becoming a Homeowner, Pt 2

Note: This part of the series was written in mid-August. Again, if long and rambly posts on home buying/life updates are not your deal, feel free to skim or skip!


So this has been one fairly eventful week. It all culminates in an update on the home buying front, but there are some other life details thrown in there, because buying a home isn’t supposed to be straightforward, is it?

At the start of this week, I was thinking it would be business as usual in our disgustingly hot apartment in New West. I figured it would be lots of working from Starbucks (I need their AC), wee pup walks and absolutely no travel or home updates. Clearly, I was wrong.

We actually decided to leave New West for a bit and headed out to Kelowna to visit Colin’s brother Kyle, his girlfriend, Corbie, and their brand new baby, Jordan.

I hadn’t been to Kelowna since 2012 when I went up for Residence Advisor Orientation at the UBC-Okanagan campus. To be fair, this should barely count as visiting Kelowna since we never left campus. I’ve been up to Kelowna three times before this and every single time I only saw UBCO. So this trip was a nice change.

It was a bit of a trek up to Kelowna, but we had our awesome road trip playlist, wee pup snuggles and a really good chat about life and money. I read somewhere that the best time to have serious conversations with a guy is when he’s driving. He’s in his element, he’s able to focus on the road, he doesn’t have to look directly at you and you’re not distracted by anything since it’s just the two of you. Turns out, that advice held true. Colin and I were able to have some really good talks about our money issues/goals, mental health, plans for the future, potential wedding ideas, etc.

Once up in Kelowna, we spent some awesome time visiting with Kyle, Corbie, Jordan and Kyle’s first son, Jaxon. Their house was awesome, as was the pool and the cute little cabin we got to stay in. Even without air conditioning and in Kelowna’s heat, that cabin was way cooler than our apartment. We got to try some great restaurants and visit Kelowna’s downtown.

Colin and baby Jordan!

We were super excited to meet Jordan and spend some time with Kyle and Corbie. I’m glad we got to go up and see them since they won’t be down in Vancouver until late September. At that point, Jordy will be almost 2 months old. However, we did feel like we were in the way sometimes. I really wanted to help out with the baby but it seemed like often, the best thing for us to do was just to give them some space.

All in all, it was a great trip. While in Kelowna, we also came across an awesome flight deal. And by “we” I mean that I saw the deal on Facebook and clicked through to the booking website, confirming with Colin once I had it all loaded up.

Colin and I have been wanting to get back to Europe for a while now. He visited in high school and I was there on exchange in 2014. We had talked about doing a big Europe trip in 2018. However, with all the talk of home buying, we assumed we’d have to postpone it.

But then, this amazing flight deal fell into our laps. Colin was a bit hesitant, but even he couldn’t argue with savings like this. Plus, it’s nine months away so we have lots of time to save and plan. So we officially booked flights to Ireland! We’ll be flying roundtrip from Vancouver to Dublin, April 9-19 for only $344 per person! How insane is that?

We’re stoked on the trip. Neither of us has been to Ireland before and we both have a bit of Irish in our bloodline. I would’ve wanted to stay for 2-3 weeks to see more of Europe, but I know Colin is worried about the cost. To be fair, I should be more worried about the cost so 10 days is probably the right move. We’ll spend all of it in Ireland and have an amazing time drinking beer, driving through the Irish cliffs and praying for sun.

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Can’t wait to see this in Ireland next April!

So we got Kelowna and Ireland – what more could we want out of a week? Oh, that’s right – something related to home ownership (the title of this post!).

Just before we left for Kelowna, Colin and I booked an appointment with a mortgage professional in Vancouver. I was excited about it because this is the first step we’ve taken in actually getting this househunt off of our internet browsers and into the real world. But it was also super scary. Colin remarked that we could be packing for Ireland from a new house that we OWN. Ahhhhh!

Another scary part of the mortgage meeting was filling out the online form and getting real about our finances. I’ve recently written about talking money with your SO and realize it’s something Colin and I are going to need to do if we are planning a future together. It was eye opening to see where we both were and what concerns we had.

There was also the controversy of meeting with a mortgage professional. In my research (articles I’ve found online and podcasts I’ve listened to), it seems that mortgage professionals are the way to go. They specialize in mortgages, have relationships with multiple lenders and can usually get you a better interest rate than you could get at your bank. Plus, like a realtor, they are free for buyers to work with. So what could be wrong?

Well, turns out not everyone is into that strategy. My mom immediately nixed the idea when I told her over text. She touted a friend of hers who had gone the same route and got screwed. After I explained my research findings, she softened to the idea a bit. She still wanted me to work with someone based on a personal recommendation. I get where she is coming from – it would be awesome to have a friend recommend a mortgage broker to us. But it might not be possible. We just don’t have that many friends buying homes. And personally, I prefer to go with the stats and research I am finding online over an anecdotal story from a friend who had a good or bad experience.

Colin’s mom also pushed back against the mortgage professional idea. She wants us to get a mortgage through a bank – specifically, her bank. Colin explained the research we had done but she still thinks her bank is best. And, seeing as she just bought and sold a home with them, I can see why. She has a great relationship with her bank and believes that she can use that to help us get a great deal. I’m less sure.

So all that to say, we are still meeting with our mortgage professional on Monday. But we haven’t signed anything yet and we’re not committed to her. We’ll likely take a meeting at Colin’s mom’s bank as well. It won’t hurt to try out a few avenues and see what is what.

And lastly, another big whopper on the house front: our down payment number changed. So all along, we have been counting on Margie (Colin’s mom) to help us out with our down payment. At first, we thought the money was a gift but now we understand it’s an investment. We still have to figure out all of the paperwork on that front. Our plan was to use her investment, possibly a bit of money from my parents, some of our savings and then the first time home buyers program to put together a pretty good sized down payment. 

Well, Margie just informed Colin on the phone that her contribution to our down payment was going to be more. Significantly more. So much more that we ran the numbers on some of our potential mortgage payments and they were laughable. I’m talking less than $600 for a monthly mortgage payment!

So obviously, this is a game changer. It’s way more money than we were expecting and it really could shake things up for us. Now, more than ever, do I want all of us to sit down and put this stuff in writing. Often, it’s Colin talking to his mom on the phone and then trying to relay as much of the information as he can back to me once they hang up. So it’s time to get things in writing once we meet in person. Of course, I want Margie’s investment to be protected. And I also want to make sure Colin and I are being fair to ourselves and our future. And I think it would be good to chat and get everything out in the open. It seems like the information we glean from her changes all the time – so it’s about time for us to be direct, sit down and talk like adults doing business.

We’re not quite sure what that sum of money means. Would she be signing the mortgage with us? Because if she does, we don’t qualify for the first time home buyers program. Is that bad? Or are we taking out a second mortgage with her? Colin said she mentioned something about a 0% mortgage we could do. How does this impact our other mortgage? How do we determine her investment pay off once we sell? Can we now start looking at higher priced properties because we have a larger down payment? Or should we continue looking at our current price range and just drive down our monthly payments/pay off the mortgage sooner?

So many questions! Basically, all of this new home ownership stuff has just resulted in a ton of questions. I’m hoping we can get most of them answered soon. I have phone calls planned with my parents for this weekend. I want to share all of this with them and get their opinion. Plus, if they were planning to contribute, as a gift or a loan or an investment, I’d love to know the number going into our meeting with the mortgage professional. Colin is also trying to get a ballpark figure from his mom so we have that information. He’s going to the bank with her on Tuesday but our meeting is on Monday.

And then I’m hoping everything else will get answered soon after that. I’m hoping our mortgage professional can answer a lot of questions at our meeting. And I’m hoping we can book a meeting with Margie’s bank this week and sit down with her to figure out all of the details. It’s scary! Things are really starting to move. The process is happening and the puzzle pieces are starting to fit together. Wish us luck!

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Becoming a Homeowner, Pt 1

Note: This was written in early/mid August (I can’t remember exactly when) and is part of a lengthy, rambly series on our homeownership journey. Feel free to skip or skim if you’re not interested in homes! 


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No, we weren’t on this show. And no, we’re not buying a house on the water. But a girl can dream!

The first step to becoming a homeowner is deciding you want to become a homeowner.

Sounds obvious, right? Like, does this even count as a step? It sounds like it’s more of a pre-step.

But no, it is a bonafide step. At least, it was for us.

Home ownership was never something I gave much thought to. I grew up with divorced parents who would move everytime the lease was up. My mom finally bought a house when I was about 10 years old and sold it a couple of years later. My dad bought a house when I was 13 and actually still lives in that house. But by that point, I had lived in more than 20 homes between both parents so the stability of a mortgage over a lease didn’t mean too much to me.

When I moved out to Vancouver, I always assumed I would just be a renter. I liked the idea of being able to pick up and go. And I really loved the thought of moving abroad whenever I wanted.

Plus, if you know anything about Vancouver real estate, you know that buying here is a lofty aspiration. In fact, affording a home in Vancouver is more often the punchline of a joke than an actual reality.

But then we have Colin, my sweet, stable-home raised, boyfriend. Colin grew up in a single storey home in Surrey with his mom, dad and at least two pets at any given time. This is the only house Colin has ever known. He even has his height marked on the inside of a doorway. (Which, as someone who moved around a lot, is something I am so envious of).

Last year, after Colin’s dad passed away, his mom decided to sell the house. After many months of cleaning, donating items and taking truckloads of crap to the dump, the house was finally empty. Colin and I moved into an apartment in New West and his mom moved into a condo in Port Coquitlam.

The house in Surrey was no more.

Check out that stunning cherry blossom tree in front of the Surrey house!

But it lives on. We still talk about fond memories on the beautiful backyard porch. We remember the converted garage that served as Colin’s bedroom suite. And we even drive by every now and then just to see what the new homeowners are up to (they keep the blinds closed so we actually have no idea).

So that’s where we came from. I believed I would rent forever and that having a mortgage was too much of a commitment. The longest I had lived in one place as an adult was just over a year. Colin, on the other hand, was signing a rental lease with me for pretty much the first time in his life (he lived in North Van for four months during school but that barely counts).

We’re about halfway through our one year lease on our first apartment together. And naturally, the dream apartment we found in the middle of a snowstorm in December has begun to lose a bit of its charm.

The kitchen, which we loved because it was updated and had a dishwasher, is far too tiny. Two people in there trying to cook is ridiculous. The desk I bought from IKEA that we spent a few late nights spray painting and wallpapering has now become a glorified shoe rack.

Basically, our one bedroom has become too small. With me working from home full-time and our place being just over 500 square feet, this was only natural. It’s hard to make things work when my “office” is the dining room table which shares space with our TV, Colin’s desk and the couch.

This “dining room table” is now my desk

So, we knew we wanted two bedrooms in our next place. Being obsessed with research like I am, I got right to work looking up two bedrooms. I wanted to know what kind of places were available and how much more they would cost us.

I’ll be fairly open about our financials here. Our current 500+ square foot, modern, one bedroom apartment in a high rise in downtown New West costs us $1250/month. Which, as far as I’m concerned, is a pretty great deal. When we were first looking for apartments, we found that a lot of the nice new buildings in downtown New West were asking $1600+ for a one bedroom. And then the older buildings farther north had one bedrooms for around $1000, but we didn’t like the look or location. There was very little in the middle so I think we were lucky to find our place.

But my research showed that moving up to a two bedroom and still staying in our location was going to cost us. We were looking at places in the $1800-2000 range. The increase scared us a little bit. Before moving in with Colin, I was paying rent on a bachelor apartment in Kits (a steal at $850), so I was a bit more comfortable with the price jump. But I knew it would be a big change for us. Was it worth it?

I’m not sure how it happened, but I began to move my research away from Craigslist apartment ads and towards realtor.ca. I was curious! And the idea of homeownership had been dropped in my head. A friend of mine in Toronto was starting to look at the housing market with her husband (sending good vibes her way cause their market sucks like ours). And another friend and her partner had just purchased a place in Kelowna.

Plus, when we were looking for our rental last year, Colin’s mom had offhandedly mentioned that maybe we should buy instead. She was even willing to help us with the down payment, as she would have the money after selling her house. I was vehemently against the idea. I love Colin. But at that point, we hadn’t even celebrated our second anniversary. I had never lived with a partner before and Colin had barely ever lived away from home. I was not ready to sign a mortgage with him. Colin felt the same and after one morning of trying to look through house listings, we called it off and stuck with our rental plan.

But here I was, five months into our lease and looking at realtor.ca. What was happening?

I told myself it was just research. I just wanted to get educated. I was bored with the same old listings on Craigslist and I wanted to see something new. But was that it? A part of me that I hadn’t really acknowledged before was super excited scrolling through the home listings. And when I returned to the Craigslist ads, I was noticeably disappointed.

I spent a lot of my university and post-university years rejecting the ideas of traditional adulthood. I never really dreamt about settling down, marriage, kids, the mortgage and the minivan. I would’ve been just as happy travelling the world, moving countries every year and maybe having a partner by my side – kids were optional.

So I went out and I got those travelling experiences. I studied abroad in Amsterdam for five months. I volunteered in Swaziland for an entire summer. I travelled through Australia for a month. And I loved all of those experiences. But I also loved coming home. I loved decorating my apartment and picking out furniture. I loved having a neighbourhood sushi restaurant (my equivalent of having a local coffee shop) and house plants that I tried my best not to kill. I was craving a bit of a fixed life. I loved travelling, but I wanted a home.

And those home feelings definitely magnified when I met Colin. I got to see the world from his perspective, growing up in one home with both parents in the same place for his whole life. I found myself daydreaming about the fixed life we could have together. Slowly, the marriage, kid(s) and mortgage didn’t sound so bad – I’m still out on the minivan.

That’s not to say I completely gave up on all of my travel dreams the minute I got a boyfriend. It’s not like that at all. I was having those fixed life cravings long before I met Colin. In fact, I think things worked out with Colin because I was already in the mindset of placing some roots. And I haven’t given up travelling. Colin and I have gone on lots of trips together in our 2+ years of dating. And I even headed off to Vietnam for a month with a girlfriend while Colin stayed here. It was never and it will never be a matter of trading in my passport for a mortgage.

Hoi An, Vietnam

Sorry, I digress (again).

All that to say, I was looking at homes for sale and I was getting excited. And when I get excited, I have to start researching. So I started reading blogs about buying homes, what we could afford, what markets were hot and when was the best time to buy. I downloaded real estate podcasts and started sending questions to the podcast hosts. And, most importantly, I started talking to Colin.

Colin and I had already been talking about the move to a two bedroom. The idea of buying had come up but we thought it might be too expensive for us. These were all hypotheticals. And then, my research started to seep in. I would fill Colin in on everything I was learning, in small bite-sized chunks so he didn’t get too overwhelmed. Seeing as my previous obsession was talking about weddings, Colin was much more receptive to housing talk.

He started to get into it with me. I would call him over to my laptop to look through house listings. We would run the numbers together and see if we could afford it. We talked through neighbourhoods (more on this later) and sent each other links to relevant articles. Once the house hunt moved to Surrey, Colin got even more excited. We even spent one weekend in July going to open houses!

So, we were more than seriously considering it. We are more than seriously considering it. We are very much looking to buy a home when our lease ends in February 2018. We have crunched the numbers, gone to the open houses and started to reach out to realtors and mortgage brokers. We’ve started to discuss down payments with our parents and the state of our finances with each other. It’s happening! It’s kind of scary to admit but….

We want to be homeowners. We are planning to buy our first home in early 2018.

(Ahhhhhhhhhhhhhhhhh! Am I the only one freaking out? Typing that sentence gave me heart palpitations!)

Welcome Home

When you’ve moved 20+ times in your life, what’s one more? Well, turns out it’s still a little exciting when that move is to a place all of your own!

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On Dec 14 I officially moved into my new place, affectionately nicknamed “The Closet” due to it’s incredibly small size. But what it lacks in quantity, it makes up for in quality!

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The Closet is conveniently located a ten minute bus ride from Free The Children. I now get to leave the house at 8:05, instead of the ungodly 7:25 departure I was doing at my old place. However, my new digs are a pretty far hike from my weekend job – but I never have to be there before 4pm!

Rent is not cheap in Vancouver, period. So no, my place isn’t inexpensive. But it’s also not over my budget. And, it conveniently includes utilities, internet and cable!

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For a tiny place, The Closet sure comes packed with amenities. The place came fully furnished (and pretty cute furnishings, I might add). It has an in suite washer/dryer, gas stove, coffee maker, large screen TV and dish washer! I’ve yet to use the dishwasher as anything but a drying rack….but I’m sure that’ll change once I start (attempting) to do some cooking.

Lastly, while The Closet is the size of, well, a closet, it’s perfect for just me. My previous roommate Courtney was wonderful, but there’s something kind of nice about living alone. Being able to play embarrassing music, walk around in questionable outfits, leave the dishes dirty for too long or go to bed at a scarily late hour (or more like scarily early hour these days) is kind of freeing. There’s a fun sense of independence that comes with living alone – and knowing I am solely responsible for any leaks, creaks or visiting spiders!

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So I moved into my new pad just 2 days after my final final of my undergrad at UBC (yay!). Which means I didn’t start packing until the Friday night before my Sunday morning move. Luckily my lovely roommate and her boyfriend helped me load 3 suitcases into his car so Sunday wasn’t a series of painful bus trips. After the move, I had 4 nights in my place before flying home to Toronto. And I spent each of those 4 days working. So while I was pretty rushed and busy, I did manage to unpack and get a little settled. But I think my busy schedule was a good excuse for not buying any groceries and living off of takeout for those 4 days!

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But I am so excited to get back to my place in January. I’ve got a list of really thrilling things I want to buy – like a bath mat and tissue boxes! I’m looking forward to walking around the neighborhood and finding cool restaurants, family-owned produce markets and some sort of 24 hour takeout place. It’s a part of Vancouver I’ve never discovered and a type of independent living I’ve never experienced – I’m stoked, but cross your fingers for me!

Note: this was written and uploaded on my phone, so apologies for any crazy formatting or typos!