Affordable Condo in White Rock

A realtor has a fully renovated studio condo for sale for $155,000 in the City of White Rock. City of White Rock offers shopping, beaches, fine dining and some of the best weather in the Lower Mainland.

The following is a basic breakdown the cost of owning the above condo with a $0.00 downpayment.

Monthly Mortgage Payments $780.00 per month. (based on 40 year amortization)
Monthly Strata fee $130.00
Taxes $125.00

Based on the numbers above you can own your very own condo in sunny White Rock where you'll be within walking distance to the beach, shopping and fine dining all for less than $1,100 per month. This would be ideal for a single person that likes the thought of real estate ownership rather that paying their landlord.

To qualify for a $0.00 downpayment mortgage at fully discounted rates CMHC requires you to have good credit and job stability. If you don't meet CMHC's requirements there are alternatives that are available only through mortgage brokers like myself. :)

If you think you'll never be able to own real estate there's a good chance you haven't considered a scenario like the one above.