The following is a summary of ongoing costs that may apply to your Fraser Valley Real Estate Purchase:

Property Tax.

A municipal tax that is due yearly and based on the assessed value of your property.

Strata Fees.

If you own in a strata (apartment/condo/townhome) complex or are part of a bare land strata there may be monthly or yearly fees to be paid to the Strata Corporation for management fees. These include on going common area maintenance (roof repair and exterior painting) and insurance, contingency funding for future repair/replacement of exterior siding or roof, snow removal, landscaping and utilities (where applicable).

Home Insurance.

Property owners should carry property insurance for single family homes and strata properties. While strata corporations carry insurance for common area property, it is the responsibility of the individual unit owner to carry insurance for the belongings in their respective unit.

Utilities and Services.

Hydro, gas, phone, internet and cable may be applicable costs borne by you.

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.