Speculation Tax The new “speculation tax” will amount to 0.5 per cent of a property’s assessed value in 2018 and 2 per cent in following years. The result is a $40,000 annual bill for a house valued at $2 million and a $100,000 levy for a home valued at $5 million. Which group will be…
Category: NEWS
CMHC changes to assist self-employed borrowers
Self-employed Canadians will be happy to hear that CMHC is willing to make some changes that will make it easier to qualify for a mortgage. In an announcement on July 19, 2018, the CMHC has said “Self-employed Canadians represent a significant part of the Canadian workforce. These policy changes respond to that reality by making…
Upcoming Presale Projects Along Millennium Line Evergreen Skytrain Stations
The Evergreen Extension is a significant expansion of our integrated transportation network, connecting the Tri-cities to the existing SkyTrain system, regional bus network, and West Coast Express. With the opening of the Evergreen Extension on Dec. 2, 2016 Metro Vancouver now has the longest, fully-automated, driverless, rapid-transit system in the world. The six new Millennium…
How to find the Best Floor Plan in Presale Market
Presale condos and townhouses are on the rise right now, there are numbers of new project promoted monthly. Most developers are making significant investment in the presentation centre to provide the best possible experience to attract potential buyers. As a prospective buyer, you may have the opportunity to view a vignette of the home or a full display unit. As it is impossible to demonstrate all floor plans in the presentation center, by scouting a floor plan accurately will certainly help.
How To Get Your “Dream Home” Sooner Than You Think?
My First Home has to be my “DREAM HOME” First Time Home Buyers juggling the trade-off between budget, space and amenities who can’t afford to buy the house they want in the metro area, purchasing real estate in smaller, more affordable markets can be an excellent way to get on the property ladder Many First-time…
Assignment on Presale Development Q&A
What’s an assignment? An assignment is when a Seller sells their interest in a property before they take possession – in other words, they sell the contract they have with the Builder to a new purchaser. When a Seller assigns a property, they aren’t actually selling the property (because they don’t own it yet) –…
Quick Sale + Extra Profit = Home Staging
Quick Sale + Extra Profit = Home Staging When a real estate agents refer to staging is about decorating that is designed to showcase the best of the home’s asset to the eyes of the potential buyers. By doing so that may potentially shorten the length of the sale, attract high quality of buyers and…
Will Vancouver Real Estate Market be affected in 2018 by New Stress Test and Interest Rate Hike?
Here are the 5 factors that may affect the housing market in Vancouver and Lower Mainland. OSFI’s Stress Test rules The government regulator known as the Office of the Superintendent of Financial Institutions will require all homebuyers taking out mortgages from the lenders that it regulates to meet a “stress test” as of Jan. 1. Which also…
Call it Home 