The Province is increasing the home owner grant threshold to $1.6 million, helping keep property taxes affordable for families and ensuring most home owners will continue to receive the full grant this year, Finance Minister Michael de Jong announced today. “This is a 33% increase over last year,” said de Jong. “We are doing our part to help keep housing costs affordable for families. Local governments can also work to keep property taxes at a manageable level for residents by controlling their spending and reining in the amount of revenue they need to operate.” The Province is projected to spend $821 million on home ownerRead More →

PERSONAL SNAP SHOT About: Nick is married and has a dog named Sunny. Born and raised in the Tri-cites area, he and his wife made a recent move to Mission and have been enjoying the new community immensely. Interests: Sports – all kinds of them. Hockey, football, etc. Nick is what one might call, competitive and sports helps to feed that trait. Likes (If you had more time, what would you do more of): Spending time with family, vacationing/weekend getaways and sports. Loves (can’t live without): As a realtor, he can’t live without his phone or laptop. BUSINESS BASICS   Started as a Realtor in:Read More →

Government of British Columbia Government Organization ● 51,779 Likes LIKE ON FACEBOOK Starting in January 2017, BC is partnering with first-time homebuyers. With the new BC HOME Partnership program, you could be eligible for a down payment loan of up to 5% of the purchase price of a home. #BCFirst 25 Likes ● 20  Comments ● 14  Shares Like or Comment on this story on Facebook Share If you’re entering the market to buy your first home, the B.C. government is launching a new program to partner with you on the down payment for your mortgage, Premier Christy Clark announced today. “We believe every British Columbian deserves a place to call home,”Read More →

  Good Morning and Happy Thanksgiving!! This is a time to give thanks and I hope that you are getting to do that surrounded by loved ones, young and old.  From my house to yours, may the thankful list be boundless. Not that I want to intrude on your long weekend festivities, but this may be as good of a time as any to provide you with some important reading on the mortgage market, and thus the real estate market. As you may have heard, there was an announcement last Monday regarding mortgage regulation changes from the Ministry of Finance.  This is following previous changesRead More →

Updated data on foreign investment show more than $885 million in foreign investment flowed into Metro Vancouver’s residential real estate market in just five weeks, representing 86% of the capital invested in the sector by foreign purchasers throughout the province. Beginning Aug. 2, 2016, an additional property transfer tax rate of 15% will apply in Metro Vancouver to purchasers of residential real estate who are foreign nationals or foreign-controlled corporations. As part of Budget 2016 government began collecting data to identify foreign purchasers, and better understand whether and to what extent foreign capital is having an effect on residential real estate prices. Data collection beganRead More →