News 

Positive changes coming to CMHC First Time Home Buyers Program

Posted on May 05, 2021


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




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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What is a Bylaw Contravention Notice and how it can effect selling your home

Posted on Apr 21, 2021

Janine Thomson - Real Estate

Bylaw Notice Contravention on Land Titles
photo credits:  LTSA.ca

Section 57 of the Community Charter is a tool that has been provided to local governments to enforce the BC Building Code on any BC property. It involves the local government placing a notice on the title of a property at the Land Title Office when something has happened on the property that has contravened this Section 57. A...

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Save Energy at Home

Posted on Apr 06, 2021


Energy Home Saving Tips
Photo Credits: Directenergy.com
 
I’m sure after this cold winter we have had this year and some of the heating bills that have arrived, I am sure some of you are already thinking about how to reduce and save energy. Energy inefficiencies in your home can really costly to you, but it doesn’t have to be that way, if you work towards optimizing some of...

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Types of Home Inspections 

Posted on Apr 06, 2021


You have a property on which you want to make an offer, then you may consider engaging the services of an expert to provide inspections and reports on important components of the desirable property.  
These services may be engaged prior to you making an offer or, more commonly, you may make your offer subject to yo...

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Mortgage Pre-approvals are NOT always Guaranteed

Posted on Mar 08, 2021



Obtaining a pre-approval for a mortgage is an important first step to purchasing a home, so you have an idea of the price you need to shop for and what to spend. But it's not always a guarantee you'll get the financing or even the exact amount they originally mentioned. 

Pre-appoval mortgages
Photo credits: realtor.com
 What are Mortgage Pre-Approvals? A pre-approval is th...

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