Changes in Property Transfer Tax expected April 1st

General Angela Calla 22 Feb

Property transfer tax exemptions While the province is aiming a new tax at would-be speculators, it’s also unveiling a tax break for first-time homebuyers and rental housing developers. As of April 1, 2024, the threshold for the exemption to the property transfer tax for first-time homebuyers is being lifted from properties costing half a million […]

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Essential Tips to Avoid Common Mistakes When Buying a Presale Property in BC

General Angela Calla 25 Jan

As a valued member of our community, we want to ensure that you make informed decisions when it comes to purchasing presale properties in British Columbia. Buying a presale property can be an exciting investment opportunity, but it’s crucial to navigate the process wisely to avoid potential pitfalls. In this article, we’ll outline some common […]

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Seize Your Mortgage Benefits: Top Actions Before February 29!

General Angela Calla 24 Jan

With tax season around the corner, we wanted to get this in your hands, being committed to your financial success. Key Points: Potential Tax-Deductible Mortgage Interest: Your mortgage statements are enroute in the mail or on your online portal with your lender. Consult with a tax specialist and financial advisor to unveil potential deductions, reducing […]

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Bank of Canada Holds Rates Steady and Forecasts a Soft Landing

General Angela Calla 24 Jan

The Bank of Canada Holds Rates Steady And Expects Rate Cuts Later This Year Today, The Bank of Canada held the overnight rate at 5% for the fourth consecutive meeting but provided an outlook suggesting that monetary easing will begin by mid-year. The Bank forecasts a soft landing for the Canadian economy, with inflation falling […]

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Understanding Adjustable-Rate Mortgages: A Comparative Analysis

General Angela Calla 23 Jan

As part of our commitment to keeping you informed about mortgage options, we wanted to share important insights on Adjustable-Rate Mortgages (ARMs) and how they compare to other mortgage types. Below is a summary of key points for your consideration: What You Should Know: ARMs have an interest rate and payment amount that can change. […]

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Money Matters: Making the Most of Mortgage Opportunities Today

General Angela Calla 23 Jan

With inflation on the rise in December, the Bank of Canada is expected to maintain its Prime Rate next Wednesday, offering no immediate signs of a decrease.  Wondering when rates will go down? I recently contributed to a Zolo article, simplifying this complex topic. To understand when the prime rate might drop, keep an eye on […]

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Could 2024 Mark a Turning Point for Would-Be Homebuyers?

General Angela Calla 18 Jan

The Canadian real estate landscape is poised to favour prospective home buyers in 2024 as urban areas nationwide steadily veer towards becoming buyer’s markets, according to polling by online marketplace Zolo. This will be further impelled by potential cuts in mortgage rates throughout the year, although not to the historically low levels seen during the […]

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