The CMHC First-Time Homebuyer Incentive

The CMHC First-Time Homebuyer Incentive

What is The CMHC First-Time Homebuyer Incentive? It is a $1.25 billion fund administered by the Canadian Mortgage and Housing Corporation (CMHC) over three years will provide 5% of the cost of an existing home and 10% of the price of a new home through what amounts...
RRSP Down Payment, Home Buyers Plan

RRSP Down Payment, Home Buyers Plan

  What is the Home Buyers’ Plan?   With the federal government’s Home Buyers’ Plan, you can use up to $35,000 of your RRSP savings ($70,000 for a couple) to help finance your down payment on a home. To qualify, the RRSP funds you’re...
RENT Vs. BUY

RENT Vs. BUY

Rent Vs Own:I am strong believer that home ownership is great for security and investment, but its not the best choice for everyone. RENTING The benefits of renting are you don’t need a lot of money down to secure a home, in the greater Vancouver area generally...
Speculation & Vacancy Tax

Speculation & Vacancy Tax

What you need to know about the Speculation & Vacancy Tax You should have received a notice from the BC Government about the new Speculation & Vacancy Tax. If your property is located in any area affected by the tax then you need to know the following. The...
Pro’s and Con’s of buying a Pre-Sale Home

Pro’s and Con’s of buying a Pre-Sale Home

Pro’s Brand New Home 2-5-10 Year Warranty Customization Time to Save/ No mortgage payment until completion Upside of a Rising market Con’s GST is payable on New Construction Some developers are better than others Developers can make substitutions and alterations...

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