First Time Home Buyers in BC qualify for a rebate equal to the full amount of their property transfer tax up to a maximum purchase price of $500,000To qualify for the BC First Time Buyers PTT Program, you must meet the following criteria. There is a full rebate of the property transfer tax amount up […]
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First Time (Repeat) Buyers – 5% Down Program
Every buyer of a principal residence, no matter if you’re a first time buyer or have bought ten times prior, is eligible for the 5% down program. When buyers between 5% and up to 20% down, the mortgage must be insured by one of Canada’s 3 mortgage insurers (CMHC, Genworth & Canada Guaranty). -The maximum […]
RRSP Home Buyers Plan
The Canadian government’s Home Buyers’ Plan allows first time home buyers to borrow up to $25,000 from your RSP for a down payment, tax free. If you’re purchasing with someone else who’s also a first time home buyer, you can both access $25,000 from you RRSP for a combined total of $50,000. However, since the […]
Home Winterization
Winterization is the process of preparing a home for the harsh conditions of winter. It is usually performed in the fall before snow and excessive cold have arrived. Winterization protects against damage due to bursting water pipes, and from heat loss due to openings in the building envelope. Inspectors should know how winterization works and […]
Another news story on penalties at the bank
Yet again a big bank mortgage penalty has made the news. In this case the CBC news. The thing is, you’re seeing this in the news maybe once a month or two, which is often. I’m seeing it almost daily and that’s no lie. Just this week I started helping out a client, who not […]