In 2024, the province of British Columbia is set to introduce significant changes to the property transfer tax that will have a notable impact on first-time home buyers. One of the key changes is the revision of the Property Transfer Tax (PTT) threshold. Currently, first-time home buyers are eligible for a full exemption on properties…
One of the important factors in home ownership is understanding things like your credit score. Some people don’t pay much attention to this metric until they begin the mortgage discussion! However, you will find that your credit score is one of the most important factors when it comes to qualifying for a mortgage at the best…
New rules aimed at providing more transparency on beneficial ownership of assets now require that more trusts (and estates) file tax returns. Bare Trust T3 Filing Canada
As anticipated, the Bank of Canada (BoC) decided to maintain its key rate at 5.0%, matching its decision at the January 24 gathering. In its policy statement, the BoC reiterated it needs to see further progress in core consumer prices – even as the Consumer Price Index (CPI) came in at 2.9% in January. It…
Fall in love with your home again by maximizing your ability to become mortgage free with the proper amortization options! Plus, make your home workspace even more productive with my tips below! Amortization Options Your mortgage amortization period is the number of years it will take you to pay off your mortgage. Depending on your…
In a bid to tackle the pressing issue of housing affordability, the Government of British Columbia has unveiled three significant changes to its Property Transfer Tax (PTT) framework as part of the 2024 provincial budget.
The time to plan and prepare for the filing of your 2023 Personal Income Tax Return(s) is upon us, and a lot of the proposed items from last year have become reality, resulting in LOTS of changes for 2023 to consider. It is very important to read the information below and reach out to a…
In the world of mortgage lending, not all lenders are created equal. While most people are familiar with traditional A lenders such as banks like TD & Scotiabank, Monolines such as First National, RFA Bank & Radius Financial, and credit unions like First West, Envision and Coast Capital Savings, there’s another category of lenders known…
Are you thinking about starting your home hunting journey in Langley or Surrey, BC? Everyone always talks about spring and summer being the best times to look for a new home, but I’d argue that winter can actually be a great time to start your search. Here are seven reasons why you should consider kicking off your home…
Not all insurance products are created equal. One of the most common mistakes homeowners and potential homeowners make is that they hear the word “insurance” and just assume they have it! Well, you might have one kind of insurance, but you might be missing coverage elsewhere. It is important to understand all the different insurance…
