Navigating the New Property Transfer Tax Exemption for First-Time Home Buyers in British Columbia
Posted on Mar 08, 2024
Introduction to Property Transfer Tax Changes
For first-time home buyers in British Columbia, there's some significant news that could change the game for you. If you're looking to step into the housing market, an understanding of the recent changes to the Property Transfer Tax (PTT) exemption limit is crucial. Previously set at $500,000, the BC gov...
BOC Holds Interest Rates Steady at 5%: Navigating Towards the 2% Inflation Target
Posted on Mar 06, 2024
Introduction
So, the Bank of Canada (BOC) decided to keep its interest rate steady at 5%, and guess what? This isn't the first time; it's actually the fifth time in a row. Everyone, from economists to everyday folks, is watching this closely. Why? Because it signals the BOC's cautious strategy in keeping our economy on a stable path. With inflation...
How to Save Over $10,000 on Property Transfer Tax
Posted on Feb 15, 2024
Are you dreaming of saving over $10,000 when purchasing your next home in British Columbia? Let me guide you through the process. In BC, the property transfer tax can range from $8,000 to $15,000 or more, but what if you could avoid paying it altogether? Thanks to two incredible programs, you may be able to do just that.
The First Time Home Buyers...
Understanding Your BC Assessment – What Homeowners Need to Know
Posted on Jan 19, 2024
As the latest BC Assessments roll out, many homeowners are keenly reviewing the assessed values of their properties. It's crucial to understand what these figures represent and how they impact you. In this blog, we'll demystify the BC Assessment and guide you through what you really need to know.
Understanding BC Assessments
First things first: BC As...January 2024 Mid Month Fraser Valley Real Estate Market Update
Posted on Jan 15, 2024
As we navigate through January, the real estate market is showing signs of an unexpected yet significant surge. Contrary to the typical slow start of the year, the market is bustling with activity, with new listings entering at a pace nearly double that of December. This article delves into the dynamics of this surge, particularly focusing on Surre...
December 2023 Fraser Valley Real Estate Market Update
Posted on Jan 02, 2024
Welcome to our latest Real Estate Market Update, where we delve into the dynamic Fraser Valley region. As we usher in a promising new year, let's reflect on the unexpected surge in real estate activity that unfolded in December 2023. In a departure from the usual holiday season slowdown, December witnessed a remarkable increase in both property lis...