BC Assessment Update – Home Owner Grant threshold set for 2021 tax year

General Angela Calla 11 Jan

The 2021 Home Owner Grant threshold is set at $1.625 million, ensuring the same percentage of British Columbia homeowners continue to be eligible. New in 2021, the Province is taking over full administration of the grant program to ease the burden on municipalities. The Province already administers the grant for rural homeowners. Homeowners in all […]

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Government Updates – January 7, 2021

General Angela Calla 8 Jan

GOVERNMENT UPDATES January 7, 2021 PROVINCIAL GOVERNMENT UPDATE Provincial Health Order Extended By order and direction of the PHO, individuals and businesses in B.C. must significantly reduce social interactions and travel, all events and social gatherings are suspended to significantly reduce COVID-19 transmission related to social interactions and travel. The order is in effect until February 5, 2021 at midnight. […]

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Top 3 Financial Points to Consider Right Now

General Angela Calla 11 Dec

Top 3 Financial Points to Consider! The last Bank of Canada announcement solidified as expected. Prime will stay the same for the coming months. Additionally, they’ve been forced they to take extreme monetary measures to keep the economy going. What does that mean and how will homeowners be supported? If you have a variable rate, enjoy […]

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Debt.ca – The Imminent Housing Crisis and the Average Canadian’s Plea

General Angela Calla 11 Dec

Is there a housing crisis brewing in Canada? With eviction moratoriums and mortgage payment deferrals having already expired for 2020, it’s possible many Canadians still suffering from COVID-related layoffs may have trouble paying for a place to live. We spoke to six housing experts across Canada for their thoughts on what homeowners and renters can […]

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Bank of Canada holds benchmark rate steady, updates economic outlook

General Angela Calla 9 Dec

This morning in its 10th and likely final policy decision of 2020, the Bank of Canada left its target overnight benchmark rate unchanged at what it describes as its “lower bound” of 0.25%. As a result, the Bank Rate stays at 0.5% and the knock-on effect is that borrowing costs for Canadians will remain low for […]

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