Why Vp3?

VP3 is the premiere real estate brokerage in the North Okanagan
Price Range


Ready to buy your next home with VP3?

We’re ready to help. At VP3, we take the time to develop a relationship with you, our client. When you work with us, you’re a member of the team.

With hands-on support and a thorough understanding of the North Okanagan real estate market, we can guide you through the entire home-buying process.

  • Our REALTORS® are committed to giving you the best advice, to tailoring your search to your priorites, and to finding you the right home at the right price.
Searching for a new home can be exciting! But there’s a lot of work involved, too.
  • We offer consultation through the less-enjoyable parts, also; getting pre-approved for a mortgage, setting your budget, and determining your search criteria are all essential to the process.
  • Our familiarity with the Vernon area and our solid professional connections mean that we will find you several potential new homes to view.
  • We know that priorities can change throughout the house-hunting process. Each VP3 agent is skilled at helping you identify what’s important to you.
Once you’ve chosen your next home…
  • Our team’s extensive experience in market analysis and negotiation will ensure that you get the best possible deal.

Buyers who work with VP3 can be confident that we will work with you and for you, to make sure you feel at home, even before you move in.

Frequently Asked Questions

Do I need a pre-approved mortgage?

Pre-approved mortgages are not required, however, they do offer specific advantages for improving your position as a buyer. Mortgage pre-approval can define your budget, strengthens your standing with the seller by confirming your interest, and reduces the time between purchase agreement and closing,

Are home inspections worth it?

Yes. Real estate is one of the most significant investments you can make, so you should have as much information as possible before making your buying decision. The cost of home inspections usually falls on the buyer, but it is tough to put a price on peace of mind. Make sure your inspection covers the following areas at least: Structural, environmental hazards, roof, EMP (electrical, mechanical, plumbing), and termite/wood damage.

What is title insurance?

Titles insurance falls into two categories: Lender’s title insurance & Owner’s title policy. The “Title” refers to the right to own a piece of property. 

Lender’s title insurance is required by most banks when applying for a mortgage, as it covers the balance borrowed, protecting the banking institution from potential losses. 

Owner’s title policies, commonly known as residential insurance, protect owners from the various factors that could stop you from selling your property, such as lawsuits, fraud, transactional errors.

Title insurance is only paid once, unlike most other insurance premiums, and the cost depends on several factors including, but not limited to, location, mortgage type, property type, and property value.

What is home insurance?

Home insurance, hazard insurance, and homeowners insurance are different names for insurance that covers private homes/property. Policies cover losses to the home, contents, personal possessions, and more. The depth of coverage varies depending on the policy. For example, a standard coverage policy might only insure your personal property and land value, while an extensive all-risk policy would insure against essentially everything from natural disasters to costs incurred by blocked gutters.

How much is GST in BC on new homes?

The GST is a Federal tax of 5% on the purchase price of a new home or a substantially renovated home. New home buyers can apply for a rebate of up to a maximum of 36% of the tax if the purchase price is $350,000 or less.

What is the Property Transfer Tax?

The Buyer is responsible for paying transfer fees as prescribed by the Property Transfer Act of BC amounting to a rate of 1% on the first $200,000 of the purchase price and 2% on the remainder up to and including $2 million. The PTT is 3% on amounts greater than $2 million. If the property is residential, a further 2% PTT is payable on the portion greater than $3 million.

What is the First Time Home Buyers’ program?

The First Time Home Buyers’ program reduces or eliminates the amount of property transfer tax you pay when you purchase your first home.

What is the newly built home exemption?

The newly built home exemption reduces or eliminates the amount of property transfer tax you pay when you purchase a newly built home.



We work to ensure your buying experience is tailored to your needs. From first time buyers to seasoned investors, our diverse and experienced team will help you navigate the process and find your dream home.

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