Practical advice for families planning a major purchase together

When families decide to pool resources for a big purchase—be it a vacation home, a boat, or simply a joint investment—it can feel like a win-win: shared cost, shared benefit. But unless you also have a clear plan for who pays for what, when, and what happens next, the deal can sow discord down the road.
Here’s a practical guide to help families have a frank, organised conversation before you commit.

Why this conversation matters

• Avoid surprises. It’s amazing how quickly things like utilities, groceries, maintenance, and “who uses what” creep into the mix—and without clarity they lead to frustration.

• Maintain relationships. Money issues are one of the most common sources of tension among family members. A simple, documented agreement can keep things friendly.

• Plan for the future. What if one party wants out? What if usage changes? What if contributions shift? Addressing the “what ifs” early prevents regret later.

Key Topics to Include in Your Shared-Purchase Contract

Here are the building blocks of a transparent agreement:

1. Purchase Cost & Ownership Share

• Who is putting in how much of the initial purchase cost?

• What does that translate to in terms of ownership share (e.g., 50/50, 60/40, etc.)?

• What happens if one party cannot contribute their share on time?

2. Ongoing Costs

A major purchase comes with recurring expenses. Talk through:

• Mortgage or loan payments (if applicable)

• Property tax, insurance, maintenance, repairs

• Utilities (electricity, water, heating, internet)

• Groceries or shared supplies (if the purchase involves shared space)

• Usage-based costs (fuel, parking, cleaning, landscaping, etc.)

Decide how each cost will be split: equal shares? Pro-rated according to ownership share? Based on use?

3. Usage, Access & Responsibilities

• Who has access to the asset when, and how is priority handled?

• Are there “booking” rules (for example, if it’s a shared vacation property)?

• What standards apply for maintenance and cleaning? Who is responsible for what duties?

• If one party doesn’t use their share or misses payments—what then?

4. Exit Strategy / Future Buy-Out

Life changes: job relocation, financial stress, changing priorities. It’s wise to plan for the unexpected:

• What happens if one party wants to sell or buy out the other?

• How is the buy-out price determined (market value, formula, appraisal)?

• How and when the transaction should happen?

• Who gets first option if one partner wants to exit?

• What about what happens to the asset if both decide to sell?

5. Decision-Making & Dispute Resolution

• How will decisions be made (repairs, major upgrades, sale?) — by majority vote? unanimous?

• If there is a dispute—what’s the process (mediation, neutral advisor)?

• How often will you review the arrangement (annually, every 6 months)?

• Will there be a written document signed by all parties? (Yes — strongly recommended.)

How to Have the Conversation

• Schedule it ahead of time. Don’t spring it during a casual chat. Set aside time so everyone is present, focused.

• Be open and honest about personal finances. Knowing what each person can realistically contribute helps avoid later strain.

• Use a neutral facilitator if needed. If family relationships are close but finances are awkward, an external advisor or mediator can help.

• Document the decisions. Write the agreement down—ideally with signatures. It doesn’t need to be a full legal contract (though you can go that route); clarity is the key.

• Review and adapt. Revisit the contract periodically to adjust for change (income, usage, number of people involved).

Why it’s Worth It

• Stays friendly: When payments and responsibilities are clear, resentment is less likely.

• Protects everyone: A well-structured agreement safeguards each person’s investment and expectations.

• Gives peace of mind: You’re not just buying something—you’re entering a relationship of shared ownership. Treat it with the respect it deserves.

Final Thoughts

Sharing a major purchase with family can unlock incredible value—financially and relationally. But the mistake many make is buying first, talking later. The smarter approach is the reverse: talk first, buy second.

Take the time to map out:

• Who pays what,

• Who uses what and when,

• Who does what responsibilities,

• And what happens if things change.

By doing so, you’ll keep your finances clear and your relationships strong. Because at the end of the day, the goal isn’t just ownership—it’s shared enjoyment, mutual respect, and long-term harmony.

Introduction

Selling the home you’ve cherished for decades is about much more than a transaction — it’s an emotional milestone, marking the close of one chapter and the beginning of another.

For many seniors in Burnaby, downsizing isn’t just a practical decision — it’s an opportunity to simplify life, reduce responsibilities, and move into a home that better fits their needs for the future.

At Victoria Fung Real Estate, I understand that this process can feel overwhelming — emotionally, financially, and logistically. My goal is to help make your transition as smooth, respectful, and rewarding as possible. This guide will walk you through every step, from deciding when to downsize to settling into your new home with confidence and peace of mind.

1. Deciding If and When to Downsize

Signs It Might Be Time to Move

• Maintenance feels overwhelming: Yard work, repairs, or climbing stairs may have become more tiring.

• You have too much space: Empty rooms and unused areas can start to feel like unnecessary upkeep.

• Convenience matters more: Living closer to shops, transit, healthcare, and community amenities can make daily life easier.

• You want financial flexibility: Selling can free up home equity to support retirement goals, travel, or peace of mind.

• Mobility and safety are priorities: A single-level home or condo can help minimize physical strain and hazards.

The best time to start planning a move is before it becomes urgent — proactive downsizing allows you to make thoughtful decisions on your terms.

Emotional and Family Considerations

Leaving a family home filled with memories can bring mixed emotions — pride, nostalgia, and sadness. It’s perfectly natural to feel hesitant. Involve loved ones early, share your goals, and give yourself time to reflect. Many clients find it comforting to take photos of meaningful spaces or hold a “farewell gathering” to celebrate memories before moving forward.

2. Exploring Your Options in Burnaby

Burnaby offers a range of excellent downsizing options:

• Condo or strata apartment: Enjoy low-maintenance living with amenities and a smaller footprint.

• Townhome or bungalow: Maintain independence with fewer stairs and easier upkeep.

• Senior-friendly buildings: Many newer developments in Burnaby include accessibility features, security, and social programs.

• Independent or assisted living communities: Perfect for those who appreciate added services or community activities.

• Life-lease or co-housing models: Blend ownership benefits with built-in community and shared resources.

When exploring options, consider:

• Proximity to transit, shopping, and medical care — especially near SkyTrain routes or town centres like Metrotown or Edmonds.

• Monthly fees and budgets — strata or community fees replace many maintenance costs but need to be factored in.

• Accessibility and safety — look for level entries, grab bars, wide hallways, and no-step showers.

• Future adaptability — can you access care or services if your needs evolve?

3. Financial and Tax Considerations

The Financial Upside of Downsizing

• Unlock equity: Selling your home often frees up funds for your next chapter — whether it’s travel, savings, or future care.

• Lower ongoing expenses: Smaller homes usually mean lower property taxes, utilities, and maintenance.

• Simplified living costs: Condo fees may seem high but often include maintenance, landscaping, and amenities.

Costs to Keep in Mind

• Realtor and legal fees

• Moving expenses and potential renovations

• Land transfer taxes (if buying another property)

• New furniture or accessibility upgrades

The good news? The sale of your principal residence is typically exempt from capital gains tax in Canada, making downsizing financially beneficial for many homeowners.

Get Professional Support

• Realtor: Working with a local agent experienced in senior transitions (like myself!) ensures you have a patient guide who understands both your needs and the Burnaby market.

• Financial advisor: They can help you plan budgets, manage proceeds, and align your move with your long-term goals.

4. Preparing Your Home for Sale

Decluttering and Sorting

Downsizing means making thoughtful choices about what to keep and what to let go of. Try sorting items into:

• Keep — sentimental or useful

• Donate or gift — furniture or décor others can enjoy

• Sell — antiques or collectibles

• Recycle or discard — anything broken or worn out

Tackle one space at a time, and don’t hesitate to ask family or professionals for help.

Repairs, Refreshing, and Staging

• Fix small issues like chipped paint or squeaky doors.

• Brighten curb appeal with clean walkways and tidy gardens.

• Depersonalize rooms so buyers can picture themselves in the space.

• Professionally stage and photograph your home to highlight its best features — this can significantly boost buyer interest.

5. Planning and Managing the Move

Creating a Moving Timeline

Work backward from your moving date:

• 3 months out: Choose your new home and get moving quotes.

• 1 month out: Start packing non-essentials and organize services.

• 2 weeks out: Notify utilities, update your address, and arrange medical transfers.

Moving Day Tips

• Hire movers who specialize in senior relocations.

• Clearly label boxes by room.

• Keep essentials — medications, important papers, and daily items — accessible.

• Plan for pets and have someone you trust available to help manage the day.

Settling Into Your New Home

Unpack and arrange essentials first to make the space feel familiar. Bring in personal touches gradually — photos, favourite books, or artwork — to make it feel like home. Take time to explore your new neighbourhood and meet your neighbours; connection makes transition easier.

6. Tips for a Smooth Downsizing Experience

• Start early — even small steps add up.

• Don’t rush — give yourself emotional space to adjust.

• Ask for help — family, friends, or professionals.

• Measure before moving — ensure furniture fits comfortably.

• Prioritize safety — clear walkways, good lighting, and non-slip flooring.

• Focus on what brings joy — let go of what no longer serves you.

7. Why Work with Victoria Fung

Helping seniors downsize is something I approach with both expertise and empathy. My goal is to make the process as simple and comfortable as possible — from our first conversation to the moment you’re settled in your new home.

Here’s what you can expect when working with me:

• Compassionate support: I take the time to listen, guide, and adapt the process to your pace and comfort.

• Strategic marketing: I ensure your home is beautifully presented and reaches qualified buyers.

• Full coordination: I help connect you with trusted movers, lawyers, and other professionals.

• Respectful communication: Every step is explained clearly, with your best interests in mind.

• Continued care: My relationship with clients doesn’t end after the sale — I’m always here as a resource and support.

Conclusion

Downsizing a family home in Burnaby can be emotional, but it can also be liberating — a step toward a simpler, more fulfilling lifestyle. With the right planning and compassionate guidance, it becomes less about what you’re leaving behind and more about the exciting possibilities ahead.

If you’re thinking about downsizing or simply exploring your options, I’d love to help you create a plan that honours your story and supports your future.

📞 Let’s connect today to start the conversation — visit victoriafung.ca or reach out directly to discuss your next move with care and confidence.

In Burnaby, multi-generational living is on the rise. With housing affordability challenges and families choosing to stay connected under one roof, many homes already have basement suites or secondary units in place. The reality, however, is that a large number of these suites are “unofficial” or unpermitted—built without going through the proper channels for approval.

While these suites may function just fine, leaving them unpermitted carries risks. From safety hazards to insurance gaps to lower resale value, an unofficial suite can be more costly in the long run than taking the proper steps to legalize it.

This guide outlines the practical, cost-effective steps Burnaby homeowners can take to bring an existing suite into compliance—protecting your investment, your family, and your peace of mind.

Why Legalizing a Suite Matters

1. Safety for Your Family

Unofficial suites may lack essential safety features such as proper fire separation, exit routes, or updated wiring. Legalizing the unit ensures it meets current building codes, reducing risks for the people living there.

2. Insurance Protection

Most insurance companies will not cover damages caused by an unpermitted suite. A small electrical fire or plumbing issue could become a financial disaster if the suite isn’t recognized officially.

3. Stronger Resale Value

When it comes time to sell, a legal suite increases your home’s appeal and market value. Buyers want the confidence of knowing the unit is compliant, insurable, and safe.

Steps to Legalize Your Suite

Step 1: Confirm Zoning and Eligibility

Not all properties are eligible for secondary suites. Start by checking with the City of Burnaby’s zoning bylaws to confirm if your property allows for a legal secondary suite.

Step 2: Apply for the Proper Permits

You’ll likely need:

• Building Permit – Ensures construction and layout meet current building codes.

• Plumbing & Electrical Permits – Required if updates or upgrades are needed.

• Occupancy Permit – Issued once the suite passes final inspection, officially recognizing it as legal.

Step 3: Address Safety Requirements

This is often where unofficial suites fall short. Expect upgrades in areas like:

• Fire Safety: Proper fire-rated walls/ceilings, smoke alarms in all sleeping areas, and possibly a sprinkler system depending on layout.

• Exits: At least one safe, accessible exit for suite occupants.

• Electrical & Wiring: Many older suites have outdated or unsafe wiring that needs upgrading.

• Ventilation: Adequate heating and air circulation to meet health and safety standards.

Step 4: Make Cost-Effective Renovations

Not every fix has to break the bank. Some cost-saving approaches include:

• Installing interconnected smoke detectors (a requirement, but also inexpensive).

• Using drywall upgrades for fire separation rather than costly structural changes.

• Hiring licensed electricians and plumbers to do targeted upgrades instead of full overhauls.

Step 5: Pass Final Inspections

Once all work is complete, city inspectors will review the suite. If everything meets standards, you’ll be issued the permits and approvals that make your suite fully legal.

The Benefits for Multi-Generational Homes

For families living together, a legalized suite offers:

• Peace of mind knowing the space is safe for aging parents, adult children, or tenants.

• Financial flexibility to rent out the suite legally, offsetting mortgage costs.

• Long-term value, since a legal suite is a major selling feature in Burnaby’s competitive real estate market.

Final Thoughts

While it may seem like an added expense, legalizing an existing suite is one of the smartest investments a Burnaby homeowner can make. It protects your family, strengthens your insurance coverage, and boosts the future resale value of your property.

If you’re considering legalizing your suite and want expert guidance on how it may affect your home’s value in today’s market, I’d be happy to help.

👉 Contact me today to learn how a legalized suite can unlock both safety and financial benefits for your home.

Divorce is never easy. Beyond the emotional toll, there are also major financial decisions to make—one of the biggest being what to do with the family home. For many couples, the property is both their most valuable asset and the most emotionally charged. Deciding who will represent you in the sale can feel overwhelming, especially when trust between parties is strained.

This is where the concept of real estate neutrality becomes essential. Choosing a Realtor that both parties can rely on creates a smoother, more balanced process—and ensures decisions are made with fairness, professionalism, and financial clarity.

Why Neutrality Matters in Divorce Real Estate Transactions

When a couple separates, the Realtor’s role isn’t just about selling a house. It’s about:

• Protecting both parties’ financial interests by securing the best possible sale price.

• Remaining impartial in negotiations to prevent conflict from escalating.

• Providing guidance as a mediator, ensuring both parties feel informed and respected.

Without neutrality, the process can quickly derail—causing unnecessary tension, delays, and even financial loss.

A Clear Protocol for Selecting a Neutral Realtor

Choosing the right Realtor during a divorce requires a thoughtful and structured approach. Here’s a process you can follow:

1. Agree on Key Qualifications Together

Before interviewing Realtors, both parties should create a short list of must-haves. This may include:

• Proven experience selling homes in your local market.

• Strong track record in navigating sensitive transactions.

• Excellent communication skills and transparency.

2. Interview Several Candidates as a Team

Schedule interviews where both spouses are present—either in person or virtually. This ensures everyone hears the same answers, asks their own questions, and feels involved in the decision-making process.

3. Evaluate Neutrality

Pay attention to how the Realtor responds to sensitive questions. Do they remain even-toned? Do they avoid showing favoritism toward one party? A true professional will focus on the facts, not the emotions.

4. Clarify the Realtor’s Role

It’s important to understand that the Realtor is not there to take sides. Their job is to:

• Provide an accurate market valuation.

• Develop a strategy to achieve the best sale outcome.

• Act as a financial mediator, not an emotional one.

5. Formalize Agreement in Writing

Once both parties agree on a Realtor, confirm expectations in writing. This helps establish boundaries, communication channels, and responsibilities from the outset.

The Realtor’s Role as a Financial Mediator

In divorce situations, emotions can cloud judgment. A skilled Realtor offers objectivity, ensuring that:

• Pricing decisions are based on market data, not personal opinion.

• Offers are reviewed fairly, with both parties receiving clear explanations.

• The ultimate focus remains on maximizing financial outcomes for everyone involved.

By stepping into this neutral mediator role, a Realtor provides peace of mind—helping both parties move forward with confidence.

Final Thoughts

Divorce may close one chapter, but selling your home doesn’t have to add unnecessary conflict to the process. Choosing a Realtor both parties can trust is a critical step toward resolution. With neutrality, transparency, and professionalism, the right Realtor acts as a steady guide through one of life’s toughest transitions.

If you’re navigating a separation and need support in selling your home with fairness and care, I’m here to help. Let’s discuss how I can act as a neutral partner, ensuring a smooth and respectful real estate journey for everyone involved.

👉 Contact me today to start the conversation.

In today’s changing housing market, more families are discovering the benefits of multi-generational living. Whether it’s grandparents moving in to be closer to their grandchildren, adult children staying home longer, or families simply wanting to share resources, multi-generational homes are becoming one of the most sought-after property types.

That’s where Victoria Fung, your trusted local realtor, comes in. With years of experience helping families find homes that truly fit their lifestyle, Victoria specializes in guiding clients through the unique needs of multi-generational living.

Why Choose a Multi-Generational Home?

Multi-generational homes offer much more than extra bedrooms:

• Stronger Family Bonds – Living together allows families to stay connected, share experiences, and support each other through different stages of life.

• Cost Savings – Shared expenses for housing, utilities, and groceries can ease financial pressure and help families build wealth together.

• Flexibility of Space – Many homes today are designed with in-law suites, separate entrances, or basement suites—perfect for privacy and independence under one roof.

• Future-Proofing – Having a flexible floor plan means your home can adapt as your family grows and changes.

How Victoria Fung Can Help

Finding a multi-generational home isn’t always simple. It requires a realtor who understands the specific details families need to consider, such as:

• Layouts that allow for both shared and private spaces

• Accessible design for seniors

• Legal secondary suites or rental potential

• Locations close to schools, parks, and healthcare

Victoria takes the time to listen, learn, and match you with homes that balance comfort, privacy, and practicality. Her compassionate approach ensures that every generation feels heard during the buying process.

Victoria’s Commitment to Families

As a Realtor Who Cares, Victoria believes a home isn’t just about square footage—it’s about creating a space where memories are built and family thrives. She’s helped countless clients navigate the transition to multi-generational living, offering advice not only on homes but also on making the adjustment smooth for everyone involved.

Ready to Find Your Multi-Generational Home?

If you’ve been considering a move that brings your loved ones closer together, now is the perfect time to explore your options. Victoria Fung can guide you through the entire process—from exploring neighborhoods to negotiating the best deal.

📞 Phone: (778) 389-7683
📧 Email: victoria@victoriafung.ca
👉 Learn more at victoriafung.ca

✨ With Victoria Fung by your side, your next move won’t just be about finding a house—it will be about creating a home that works for every generation of your family.

When Is the Right Time to Sell Your Home in Retirement?

Deciding when to sell your home in retirement is a significant choice that hinges on various personal, financial, and market factors. For residents in Burnaby and the broader Lower Mainland, this decision is particularly pertinent given the area's dynamic real estate market.

🏡 Why Consider Selling?

1. Financial Freedom

Selling your home can unlock substantial equity, potentially eliminating mortgage payments and reducing monthly expenses. This influx of cash can bolster your retirement savings, fund travel, or support family members. In a strong seller's market, you might achieve a favorable sale price, maximizing your financial gain.

2. Reduced Maintenance and Costs

Larger homes often come with increased maintenance, property taxes, and utility bills. Downsizing to a smaller, more manageable property can alleviate these burdens, allowing you to enjoy a simpler lifestyle.

3. Lifestyle Alignment

As needs evolve, so should your living situation. Selling your current home can facilitate a move to a location closer to family, healthcare facilities, or recreational activities that enhance your retirement experience.

⚠️ Considerations Before Selling

1. Emotional Attachment

Long-term homes are often filled with memories. It's essential to assess whether you're ready to part with these emotional ties and embrace a new chapter.

2. Market Timing

Real estate markets fluctuate. While selling in a seller's market can be advantageous, waiting for an optimal time might yield better returns. However, attempting to time the market can be risky.

3. Relocation Costs

Moving involves expenses beyond just the sale price, including agent fees, repairs, and potential renovations. It's crucial to factor these costs into your decision-making process.

📅 Ideal Timing

Many retirees consider selling between ages 65 and 75, often prompted by lifestyle changes or health considerations. This proactive approach can provide more control over the transition.

🧭 Need Guidance?

Navigating the decision to sell your home in retirement requires careful planning and expert advice. As a seasoned realtor in Burnaby, I can help you assess your options, understand market conditions, and make informed choices that align with your retirement goals.

Contact Victoria Fung

If you're contemplating selling your home in retirement, reach out today. Together, we'll explore the best options tailored to your needs and aspirations.

And Why More Burnaby Families Are Embracing This Living Style

In response to rising housing costs, evolving family needs, and a desire for closer support systems, multi-generational living is rapidly gaining popularity—particularly in cities like Burnaby, where both space and community values make this lifestyle attainable and practical.

But what exactly is a multi-generational home—and why are more buyers and investors seeking out this property type?

Defining a Multi-Generational Home

A multi-generational home is a single residential property designed or adapted to accommodate two or more generations of a family living together under one roof.

This could mean:

• Aging parents sharing space with their adult children and grandchildren.

• Adult siblings co-owning a property with their families.

• Young couples are moving in with parents to save for their first home.

What makes these homes unique is the thoughtful use of space—offering shared common areas alongside separate private spaces for each generation.

Why Multi-Generational Living Is on the Rise

1. Affordability and Economic Advantage

With Metro Vancouver’s high housing prices, pooling financial resources allows families to access larger homes or better locations that may be unaffordable individually. Co-owning a property can also ease mortgage qualification and maintenance costs.

2. Family Care and Support

Multi-generational living fosters built-in caregiving—whether for elderly parents, young children, or family members with special needs. For many immigrant families and cultural groups, this model reflects long-held traditions of shared living and mutual support.

3. Efficient Use of Housing

Many older single-family homes in Burnaby have large footprints but underused space. Renovating or redesigning these homes to support multiple generations makes more effective use of existing land and improves long-term value.

What Do Multi-Generational Homes Look Like?

Multi-generational homes come in several formats. In Burnaby, common examples include:

• Homes with legal secondary suites (basement or garden-level)

• Duplexes or triplexes with private entries

• Properties with laneway or carriage homes

• Custom new builds with multiple kitchens or in-law suites

Burnaby’s Housing Choices program is also expanding zoning allowances for gentle density, making it easier to add secondary suites or infill homes on qualifying lots.

Key Considerations When Buying a Multi-Generational Home

If you're considering purchasing a multi-generational property, here are a few important points to keep in mind:

• Zoning & Permits: Ensure the property is zoned to allow multiple units or legal suites.

• Layout & Privacy: Look for homes with separate entrances, private bathrooms, and kitchens or kitchenettes to ensure comfortable shared living.

• Long-Term Flexibility: Consider how your family’s needs may change over time—whether that’s accommodating aging parents or eventually renting out a portion of the home.

• Financing: Speak with a mortgage broker familiar with co-ownership models or rental income qualification strategies.

Burnaby: A Growing Hub for Multi-Generational Housing

As one of Metro Vancouver’s most dynamic cities, Burnaby offers excellent opportunities for families seeking multi-generational properties. Key benefits include:

• Proximity to top schools, transit, and healthcare facilities

• A mix of older, generously sized homes ideal for renovation

• Growing inventory of new builds with legal suites or laneway home potential

• Local policies supporting diverse housing forms

Neighbourhoods such as Burnaby Heights, Edmonds, and South Slope are especially well-suited for multi-generational living due to lot sizes, access to amenities, and zoning flexibility.

Work with a Realtor Who Understands Your Family’s Needs

Navigating a multi-generational purchase requires careful planning, attention to zoning bylaws, and a deep understanding of the local market. As a Multi-Generational Home expert, I help families identify the right properties, understand their options, and make confident decisions—whether they’re buying together for the first time or modifying an existing home to suit evolving needs.

📞 Let’s connect:
I'm happy to provide tailored recommendations, property tours, or zoning insights for your specific goals.

📧 victoria@victoriafung.ca
📱 (778) 389‑7683

Helping Burnaby families live better—together.

Going through a separation or divorce is hard enough without the added confusion of what happens to your home. One of the most common (and emotionally charged) questions that comes up is:

“Can my spouse sell the home without my consent?”

If you’re in British Columbia and facing a separation, here’s what you need to know about your rights, your options — and how working with the right real estate agent can protect both your peace of mind and your financial future.

The Legal Basics: Who Owns the Home?

In BC, property division during a separation is governed by the Family Law Act. If the home was acquired during the marriage or common-law relationship — or even before, in some cases — it is typically considered family property, which means both spouses have a legal right to it.

Even if:

• The title is in one spouse’s name,
  
  

• One person paid more toward the mortgage,
  
  

• Or the home was inherited but used as the family residence…
  
  

…it may still be subject to equal division unless there is a legal agreement (like a prenup or cohabitation agreement) that says otherwise.

Can One Spouse Sell Without the Other? Usually, No.

In most cases, one spouse cannot sell the family home without the other’s written consent — even if the home is solely in their name.

Why? Because:

• The home is considered shared family property.
  
  

• The other spouse has a legal interest in the home.
  
  

• You may require both signatures to legally transfer title or discharge the mortgage.
  
  

Attempting to sell a home without full consent can lead to legal injunctions, title freezes, or court-ordered reversals — and that’s the last thing you want during an already stressful time.

What If There’s a Court Order or Separation Agreement?

If you and your ex have gone through mediation or court and received a final separation agreement or court order, then the sale of the home may be clearly outlined. In this case, the agreement will dictate:

• Who gets to stay in the home (and for how long),
  
  

• When the home should be sold,
  
  

• How the proceeds are divided.
  
  

This document is crucial. If it’s still pending or unclear, selling the home should be put on hold until everything is in writing and legally binding.

What Are Your Options If You Disagree on the Sale?

If one spouse wants to sell and the other doesn’t, it may feel like a deadlock — but there are options:

• Mediation: A neutral third party helps you come to a fair agreement.
  
  

• Legal action: A court may order the sale of the home if it’s deemed necessary or in everyone’s best interest.
  
  

• Buyout: One spouse buys out the other's share of the equity.
  
  

Whatever you choose, it’s critical to involve both a lawyer and a real estate agent who understands the complexities of divorce sales.

How Victoria Fung Helps Couples Navigate Home Sales During Divorce

Victoria Fung is a trusted Divorce-Focused Real Estate Agent in Burnaby, BC, with years of experience helping clients through some of life’s most difficult transitions.

As a second-generation Burnaby Realtor, Victoria brings:

• Deep knowledge of the local market,
  
  

• A calm, neutral, and compassionate presence,
  
  

• Clear communication between parties, lawyers, and financial advisors,
  
  

• An ability to help both parties feel respected and protected throughout the process.
  
  

Selling a home during a divorce doesn’t have to feel like a battle — with the right support, it can be the first step toward your next chapter.

Talk to a Realtor Who Understands Divorce Real Estate

If you're going through a separation or divorce and unsure of your rights when it comes to the family home, don’t make any decisions without the right guidance.

Contact Victoria Fung for a confidential, pressure-free consultation:

📍 Victoria Fung PREC
4481 Hastings Street, Burnaby, BC
📞 (778) 389-7683
📧 victoria@victoriafung.ca
🌐 www.victoriafung.ca

Divorce is never easy — emotionally, legally, or financially. And when you're navigating this major life transition, questions about your living situation naturally come up. One of the most common is:
“Can I buy a home during my divorce?”

The answer? It depends.

In this blog, we’ll break down what you need to know about buying property before your divorce is finalized, from the legal rules to how lenders evaluate your financials, and why having a Divorce Realtor Specialist like Victoria Fung can make all the difference.

Legal Considerations: Is It Allowed?

In British Columbia, assets acquired before the divorce is finalized may still be considered part of the matrimonial property — even if you're legally separated.

Here’s what that means for buyers:

• New purchases could be subject to division.
  If you buy a property before your divorce is finalized, your ex-spouse may have a claim to it unless there is a clear separation agreement or court order stating otherwise.
  
  

• A signed separation agreement matters.
  If you’ve already agreed on property division in writing, and both parties are moving forward amicably, then buying a new home may be more straightforward.
  
  

• Talk to a family lawyer first.
  Before making any major financial moves during divorce, legal guidance is crucial to protect your interests.
  
  

What Lenders Look For

Even if it’s legally possible, financing a home during a divorce comes with its own challenges. Lenders will scrutinize your financial situation more closely, especially if joint debts and shared liabilities are still in the picture.

Key considerations include:

• Spousal support obligations:
  If you’re paying or receiving spousal or child support, lenders will factor that into your debt-to-income ratio.
  
  

• Joint debts (like mortgages):
  If your name is still on the current mortgage, it may affect your borrowing power — even if you’ve moved out.
  
  

• Credit score impacts:
  Divorce can complicate finances. If shared accounts are missed or maxed out, it can impact your credit score, which lenders review closely.
  
  

Tip: A clear, written agreement about how debts and assets are being handled can make a big difference when applying for a mortgage.

Should You Wait to Buy?

While it’s possible to buy a home during divorce, it’s not always practical. Here are some pros and cons to help you decide:

Pros:

• You can start fresh and regain control over your living situation.
  
  

• You may find the perfect property and not want to risk missing it.
  
  

• It can be a step toward emotional and financial independence.
  
  

Cons:

• Potential legal entanglements with your ex-spouse.
  
  

• Added stress during an already difficult process.
  
  

• Financing hurdles or needing to make a larger down payment.
  
  

Why Work with a Divorce-Savvy Realtor?

This is where working with a Divorce Realtor like Victoria Fung can be a game-changer.

Victoria understands that buying (or selling) a home during divorce requires more than just market expertise — it requires compassion, discretion, and clear communication. She works closely with clients and their legal teams to ensure every decision is informed, fair, and tailored to their best interest.

With Divcore Realtor Victoria by your side, you get:

• A trusted advocate who respects the sensitivity of your situation
  
  

• Experience navigating property sales and purchases during separation
  
  

• A calm, professional guide who reduces stress and avoids conflict
  
  

Ready to Talk?

If you’re going through a separation or divorce and have questions about buying or selling a home, know that you don’t have to navigate this alone.

Victoria Fung is not just any Vancouver Realtor — she’s a Divorce Real Estate Specialist who brings knowledge, patience, and heart to every client experience.

Contact Victoria Today
info@victoriafung.ca
Call:- (778) 389-7683

As we move through different stages of life, our housing needs naturally evolve. For many seniors, the idea of downsizing—moving into a smaller, more manageable home—can be both emotional and empowering. While letting go of the family home may feel daunting, downsizing can bring unexpected freedom, peace of mind, and a better quality of life.

If you’ve been asking yourself, “Is it time to downsize?” Here's a look at the life-changing benefits of right-sizing your home in retirement and beyond.

1. Less Space, Less Stress

One of the biggest advantages of downsizing is reduced maintenance. Large homes often come with never-ending chores—cleaning unused rooms, mowing big lawns, and repairing aging structures.

By moving into a smaller home, condo, or senior-friendly residence, you can:

• Cut down on daily upkeep
  
  

• Eliminate expensive repair bills
  
  

• Free up time for things you love—traveling, hobbies, or family
  
  

Downsizing means simplifying. And simplicity leads to peace of mind.

2. Unlocking the Equity in Your Home

For many seniors, their home is their biggest asset. Downsizing gives you the opportunity to convert equity into financial flexibility.

By selling a large, mortgage-free property and moving into something more affordable, you can:

• Boost your retirement savings
  
  

• Reduce monthly expenses (utilities, taxes, etc.)
  
  

• Afford lifestyle upgrades like travel, leisure, or health support
  
  

• Help children or grandchildren financially, if desired
  
  

It’s not just a move—it’s a smart, strategic decision for your financial future.

3. Improved Accessibility and Safety

Many homes weren’t built with aging in mind. Stairs, narrow hallways, or outdated bathrooms can become daily hazards.

Downsizing allows you to choose a space that fits your physical needs, such as:

• Single-level living
  
  

• Elevator access
  
  

• Walk-in showers
  
  

• Proximity to medical care or loved ones
  
  

It’s about creating a safe, comfortable environment that supports your independence for years to come.

4. Decluttering Can Be Healing

Letting go of items—and even rooms—that no longer serve your lifestyle can be a powerful process. Many seniors find that decluttering brings emotional clarity, helps prioritize what really matters, and opens the door to a more peaceful home life.

With the right guidance, it can even feel liberating.

5. Making the Move on Your Terms

One of the most important reasons to consider downsizing before it becomes urgent is control. Moving early—by choice rather than by circumstance—allows you to:

• Choose the right home, not just the only available one
  
  

• Plan the move with care
  
  

• Involve your family in a supportive way
  
  

• Reduce future burden on loved ones
  
  

Proactive planning gives you the chance to shape your next chapter exactly how you want it.

How Victoria Can Help You Downsize with Confidence

As a licensed Realtor and a Seniors Real Estate Specialist® (SRES), I understand that downsizing is about far more than just moving—it's a life transition. That’s why I take a personalized, compassionate approach designed specifically for seniors and their families.

Here’s how I support you every step of the way:

• Customized Planning: We'll start with a one-on-one consultation to understand your needs, lifestyle, and timeline.
  
  

• Trusted Network: I can connect you with reliable professionals—organizers, movers, estate planners, and more.
  
  

• Step-by-Step Support: From listing your current home to finding your next one, I handle the logistics so you can focus on the journey.
  
  

• Family Involvement: I work closely with family members (if you choose) to ensure everyone feels supported and informed.
  
  

• Patience & Care: No pressure, no rush—just clear guidance and a thoughtful plan that works for you.
  
  

Final Thoughts

Downsizing isn’t about losing space—it’s about gaining freedom. Freedom from the upkeep. Freedom to live how and where you want. And freedom to enjoy retirement on your own terms.

Whether you’re ready now or just beginning to explore the idea, I’m here to help you feel confident, comfortable, and fully supported through every step.

Ready to Take the First Step?

Let’s chat about your goals, your options, and how I can help make this next chapter your best one yet.
Call or Text: (778) 389-7683
Email: victoria@victoriafung.ca

When it comes to real estate services for seniors, the needs are unique—and so is the approach needed to support them. That's where Victoria Fung stands out. With a heart full of compassion and a wealth of industry expertise, Victoria has built her career around helping seniors and their families navigate some of life's biggest transitions with ease, dignity, and confidence.

A Specialist in Real Estate Services for Seniors

Victoria Fung isn’t just any real estate agent—she’s a specialist in real estate services for seniors. She understands that buying or selling a home later in life isn't simply a transaction. It’s often tied to decades of memories, lifestyle changes, and important financial considerations. Victoria is not only a licensed REALTOR®; she is trained in working with seniors, offering tailored advice and solutions that put her clients' needs first.

Whether it’s downsizing from a long-time family home, moving closer to loved ones, or transitioning into a retirement community, Victoria provides thoughtful guidance every step of the way. She takes the time to listen carefully, answer questions patiently, and ensure that her clients feel empowered to make decisions that are right for them.

More Than Real Estate—It’s About Care and Understanding

Victoria’s approach to real estate services for seniors goes beyond just buying and selling. She offers full-service support, connecting seniors and their families with trusted professionals such as movers, estate planners, financial advisors, and senior relocation specialists. Her goal is to make every move as stress-free and comfortable as possible.

She recognizes that the real estate journey can sometimes be emotional and challenging for older adults. That’s why she leads with empathy, honesty, and respect—earning the trust of her clients and often forming lasting relationships that extend far beyond the closing date.

Why Seniors Trust Victoria Fung

• Experience with Complex Situations: Victoria has successfully handled delicate family dynamics, estate sales, and homes that need special marketing attention.
  

• Patient and Thorough Communication: She ensures that every client fully understands their options and feels comfortable at every stage.
  

• Resources and Partnerships: From home staging to legal support, Victoria offers a network of senior-friendly services.
  

• A Deep Respect for Legacy: Victoria treats every home with the honor it deserves, understanding the rich histories held within its walls.

Your Partner in Life’s Next Chapter

Choosing the right home—or saying goodbye to one—is a major life event at any age, but especially for seniors. With Victoria Fung’s expert real estate services for seniors, you can trust that you’ll receive the guidance, heartfelt support, and practical solutions you need to move forward confidently.

If you or a loved one are considering a real estate move, reach out to Victoria today. She's here to help you start the next chapter of your life with peace of mind and a trusted hand to guide you.

Divorce is never easy. Beyond the emotional toll, it often comes with difficult financial and logistical decisions—one of the biggest being what to do with the family home. Whether you're looking to sell, buy out your spouse’s share, or start fresh in a new space, working with a real estate agent who understands the nuances of divorce can make the journey far less overwhelming.

At Victoria Fung Real Estate, we’re not just here to help you buy or sell—we’re here to support you through life’s transitions with professionalism, discretion, and care.

Why You Need a Divorce-Savvy Real Estate Agent

When emotions are high and finances are being divided, you need more than just a traditional agent. A divorce real estate agent brings:

1. Neutral Representation

Divorce can introduce conflict, especially when both parties have different goals. A specialized agent maintains neutrality, ensuring clear communication, fair negotiation, and balanced advocacy for both spouses—if working jointly.

2. Experience with Legal and Financial Timelines

We understand how court dates, separation agreements, and legal timelines affect when and how a property can be sold or transferred. We’ll coordinate closely with your lawyer or financial advisor to align the process with your legal obligations.

3. Discretion and Privacy

Divorce is personal. Your privacy and emotional well-being are priorities. Every step—from showings to negotiations—is handled with the utmost discretion and sensitivity.

Your Options for the Family Home

If you’re navigating a separation or divorce, here are the most common options for real estate:

• Sell the Home and Divide the Proceeds: This is often the cleanest solution and allows both parties to start fresh.
  

• Buy Out Your Spouse’s Share: If one party wishes to keep the home, refinancing and purchasing the other half is possible—if financially feasible.
  

• Co-Own Temporarily: Some couples agree to keep the home jointly for a period, such as until children finish school.

We’ll walk you through each scenario, helping you weigh the pros and cons based on your financial goals, emotional needs, and long-term plans.

A Calm Voice During a Stressful Time

My role is to provide clarity when things feel chaotic. I’ll manage the real estate process from end to end, including:

• Providing a market analysis and home valuation
  

• Creating a tailored marketing plan
  

• Coordinating with both parties (and lawyers if needed)
  

• Guiding you through paperwork and timelines
  

• Helping you find a new home, if desired

You're Not Alone—Let’s Take the Next Step Together

Divorce is hard, but you don’t have to navigate it alone. I’m here to help you take this step with confidence, professionalism, and care.

If you're in the process of separation and need guidance on what to do next with your home, let’s talk. Book a private, no-pressure consultation today at victoriafung.ca or send me a message directly.

Victoria Fung Real Estate
Supporting you through life’s transitions—one home at a time.