May 2021

Positive changes coming to CMHC First Time Home Buyers Program

Posted on May 05, 2021 in In the News


Canadian First Time Home Buyers Program

Starting May 3 2021, The Canadian Federal Government will be expanding the First Time Home Buyers Incentive Program to enhance eligibility in the 3 most popular cities: Vancouver, Victoria and Toronto. 

What are the changes?

The maximum total qualifying annual income will now be $150,000, which increase f...

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How Does the New Financial Budgets Impact Housing in BC?

Posted on May 04, 2021 in In the News




Recently the Feds and the Province of BC released their Financial Budgets.


How does this impact local market housing?

 

FEDERAL BUDGET

  • NO change to Capital Gains Tax
  • A national, annual 1% tax on the value of non-resident, non-Canadian owned residential real estate that is considered to be vacant or underused, effective Janua...

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