Are You Eligible for the First Time Home Buyers Incentive?
Who is eligible for the First Time Home Buyers Incentive (FTHBI)? For the purposes of this program, first-time home buyers are not only people who have never owned a home before, but also homeowners who have gone through a divorce or breakdown of a common-law partnership, or those who have not lived in a home […]
Read MoreFuck Cancer! …and Win a Free Case of Okanagan Wine!
** PLEASE DONATE HERE ** Hey Everyone, For those of you who know me, you know I’ve recently had a couple kids, and busy with work (of course), so naturally, my husband thought it would be a great time to sign us up for a 250 Km bike ride. To say this is intimidating […]
Read MoreHow Does the New Shared Equity Mortgage Plan Effect You?
As of September 2nd, first time home buyers can benefit from a new shared-equity plan with the Canada Mortgage and Housing Corporation. How does the new shared equity mortgage plan effect you? First-Time Buyers: Government will advance an interest-free loan of up to five per cent on an existing home and up to 10 per […]
Read MoreSpeculation & Vacancy Tax
!! Speculation & Vacancy Tax: Friendly reminder that if you own a property in BC, you will need to complete a declaration by Monday, March 31, 2019, even if you won’t be required to pay the tax. To claim your exemption (by phone or online), you must register your property (one registration per person on […]
Read MoreTax Ranges from 0.5% on Secondary Homes Left Vacant by B.C. Residents, to 2% on Foreign-Owned Properties
BC’s finance minister has introduced legislation to move ahead with a controversial speculation tax on vacant or underutilized properties. The bill ends months of speculation about how the province planned to use the new levy to help deal with runaway housing prices in some B.C. communities, outlining a range of tax rates from 0.5 to […]
Read MoreBC Government Announced That It Is Cutting Next Year’s Allowable Rent Increase to 2.5%
“It’s simply not sustainable for renters, many of whom are on fixed incomes, to see their rent increase by more than inflation each and every year,” said Premier John Horgan. “We have to eliminate the risk of such huge increases to renters.” On Sept. 7th, the government announced that, based on the consumer price index […]
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