Whether you are a first time buyer, looking at buying a bigger house or downsizing, if you are looking at buying an investment property it is important to be prepared. This spring a sellers’ market is in full swing, which is more noticeable in certain areas of the Lower Mainland. With historically low interest rates, […]
New Home Buyers
Road reps badmouth broker credit checks
It’s one of the clear advantages brokers offer clients hunting for a mortgage, but even that is being threatened by mortgage specialists arguing the hit attached to their credit checks are much lower than those undertaken by brokers. “It’s totally false,” says Ron Butler of Butler Mortgage. “We hear this constantly – the bankers are […]
Are you paying more when buying brand new?
A question that comes up from time time is ‘why would I want to pay the GST on a new home when I can buy one without?” Where I understand the thought behind it, there really is no cost savings. You can actually save some money if you need to pay the Property Transfer Tax. […]
First Time Home Buyers Tax Credit
Introduced as part of ‘Canada’s Economic Action Plan’ to assist Canadians in purchasing their first home. It is designed to help recover closing costs such as legal expenses, inspections, and land transfer taxes so you can save more money for a down payment. The Home Buyer’s Tax Credit, at current taxation rates works out to […]
BC Property Transfer Tax Rebate
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 […]