Blog by Evon Mayer

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NEW CCRA TAX TRAP: PRINCIPAL RESIDENCE EXEMPTION RULE CHANGE

December 5th, 2016
NEW CCRA TAX TRAP: PRINCIPAL RESIDENCE EXEMPTION RULE CHANGE
Article By: Jimmy Le-Tang, Chartered Professional AccountantStrata Flood

You may or may not have heard about recent tax changes regarding the principal residence exemption available on the sale of a taxpayer’s principal residence (residents of Canada only.) The recent changes are significant and I w ...

NEW MORTGAGE RULES - OCT 17.16 - NOV. 30.16 - MAY 1.16

October 20th, 2016
NEW MORTGAGE RULES: OCT. 17, 2016 / NOVEMBER 30, 2016 / MAY 1, 2016

Here is some Help to navigate our New Mortgage Rules

These Changes could affect your RE-Financing or New Mortgage goals:

https://dominionlending.ca/newrules/

http://www.fin.gc.ca/n16/data/16-117_2-eng.asp

http://www.theglobeandmail.com/real-estate/four-major-changes-to-canadas-housing-rules/article32223470/

You need a Mortgage Spec ...

Millennials are the real losers from new mortgage rules - Cameron Muir

October 20th, 2016

Millennials are the real losers from new mortgage rules


http://www.vancouversun.com/Realtors+millennials+real+losers+from+mortgage+rules/12258273/story.html

Millennials will lose up to 20 per cent of their purchasing power from new mortgage rules, which will exacerbate affordability issues, says an organization that represents about 20,000 realtors in British Columbia.

Cameron Muir, chief ...

EMERGENCY ROOM @ PEACE ARCH HOSPITAL - REALTOR CHALLENGE

October 6th, 2016
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NEW MORTGAGE ANNOUNCEMENT

October 6th, 2016

ATTENTION BUYERS WHO NEED A MORTGAGE - DO NOT DELAY PAST OCT. 17, 2016

You may not quality for the amount of Mortgage you need if you delay.

For those of you who recently put your Mortgage together & have your New Home in place - Congrats! you/we made a good decision to act recently instead of delay !

Federal Government announced today that borrowers will have to qualify @ 4.64% to get a ...

EMERGENCY ROOM @ PEACH ARCH HOSPITAL - REALTOR CHALLENGE

October 6th, 2016

ATTENTION BUYERS WHO NEED A MORTGAGE - DO NOT DELAY PAST OCT. 17, 2016

You may not quality for the amount of Mortgage you need if you delay.

For those of you who recently put your Mortgage together & have your New Home in place - Congrats! you/we made a good decision to act recently instead of delay !

Federal Government announced today that borrowers will have to qualify @ 4.64% to get a ...

Affordability Survey for Vancouver

February 28th, 2014

 

More to Affordability than Meets the Eye


It’s no secret that Vancouver has the highest home prices in the country. At the beginning of the year, the composite Multiple Listing Service® (MLS®) Benchmark Price was $603,000, 25 per cent higher than Toronto and 45 per cent higher than Victoria. I have little doubt that Vancouver will maintain its top five ranking in De ...

2014 first Quarter Housing Forecast Update

February 28th, 2014
Housing Demand to Trend Higher BCREA 2014 First Quarter Housing Forecast Update Vancouver, BC – January 30, 2014. The British Columbia Real Estate Association (BCREA) released its 2014 First Quarter Housing Forecast Update today. BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 4.8 per cent to 76,450 units this year, before increasing a further 7 per cent to 81,8 ...

Tax Burden Reduced for First time Buyers

February 28th, 2014

Government reduces tax burden on first-time buyers

First-time home buyers received welcome news in today’s provincial budget.

The government has announced, effective February 19, 2014, under the Property Transfer Tax (PTT) First-Time Home Buyers’ Exemption program, qualifying first-time buyers can buy a home worth up to $475,000. The previous threshold was $425,000.

The partial exemp ...

11 Reasons to List During the Holidays

November 20th, 2013

Eleven Reasons To List A Home During The Holidays

1. People who look for a home during the Holidays are more serious buyers!

2. Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you!

3. Since the supply of listings will dramatically increase in January, there will be less demand for your particular home! Less demand means less mon ...

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