Are you eligible for a reduction in property taxes? The BC Government makes homeowner grants available up to $745. Read on to learn more about BC Homeowner Grants.
Author Archives: Jay Banks
Musings from the Marketplace
To quote 19th century British Prime Minister, Benjamin Disraeli: There are three kinds of lies: lies, damn lies and statistics. We have this week been bombarded with statistics.
CMHC has lowered their loan insurance premium
Clients with less than 10% down will now pay a 2.75% premium. Previously 3.25%. Effective immediately! On a mortgage of $200,000 this change means a savings of about $1000 for consumers.
BC Homeowner Protection Act
Be careful if you’re buying a new home or condominium in Greater Vancouver, whether downtown or in Richmond, Surrey, Langley or anywhere! Download the BC Homeowner Protection Act Regulations.
Property Purchase Tax
Are you buying a house in BC? Be sure to learn about the specifics of property purchase tax. Here is Bulletin PTT 004 from the BC Ministry of Provincial Revenue.
Landlords to reimburse Tenant
It’s official: the Landlord is responsible to reimburse the Tenant a full month’s rent if the he sells the property for the purpose of the Buyer to use the home as their principal residence.
Home Owner Grant: Higher Thresholds in 2005
More than 95 per cent of eligible homeowners are expected to receive a grant in 2005. Want to know if you’re eligible? See the Property Tax Evaluation site for more details.