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    A Decreased Property Assessment Doesn't Necessarily Mean You Pay Less in Tax.
    • Feb 1, 2019
    • 1 min

    A Decreased Property Assessment Doesn't Necessarily Mean You Pay Less in Tax.

    This is actually an old post that I'm re-sharing here. Many of my clients have has their assessed values decrease slightly this January for the first time in a several years. They've been wondering if this means that they will be paying less in property tax. However, a decrease or increase in assessed value doesn't directly correspond with how much tax you will later pay. What your property tax bill DOES depend on is is how much your property assessment increased or decreased
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    Vancouver Home Prices Continue to Rise
    • May 9, 2017
    • 1 min

    Vancouver Home Prices Continue to Rise

    “Until more entry level, or ‘missing middle’, homes are available for sale in our market, we’ll likely continue to see prices increase,” say
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    Mortgage Rates to Increase Late 2017
    • Mar 18, 2017
    • 1 min

    Mortgage Rates to Increase Late 2017

    While Canada’s low mortgage rates began to creep up at the end of 2016, mortgagors have been happy to see them remain relatively unchanged since then. However, the March Mortgage Rate Forecast recently released by the BC Real Estate Association suggests that those days may be coming to an end. Citing a stronger Canadian economy and “a large degree of policy incoherence” in the United States, the report predicts an increase in mortgage rates throughout the second half of 2017.
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    BC to Lift Foreign Buyer Tax for Those with Work Permits
    • Jan 31, 2017
    • 1 min

    BC to Lift Foreign Buyer Tax for Those with Work Permits

    Only 6 months after introducing the controversial legislation, the BC government has decided to cast aside the 15% tax on real estate purchases for foreigners who are working and paying taxes here. With the Vancouver real estate market having experienced a dramatic decline in sales transactions since the tax was first implemented in August, Christy Clark claims the new exemption is being put in place to encourage more people to move to Vancouver. She made the announcement in
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    Increased Property Tax relief. Decreased tax rates?
    • Jan 10, 2017
    • 2 min

    Increased Property Tax relief. Decreased tax rates?

    Property assessments were mailed out recently and if your home landed below the $1.6 million mark, you can still qualify to receive a basic Home Owner Grant of $570 per year thanks to a $400,000 increase to the qualifying limit courtesy of the B.C. government. There may be other breaks in store too. The bump up from last year’s $1.2 million cap was announced today by Finance Minister Mike de Jong in response to the significant increase in assessment values. If you’re in a sin
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    Making down payments just got easier for 1st time buyers
    • Dec 16, 2016
    • 2 min

    Making down payments just got easier for 1st time buyers

    First time home buyers trying to get into the market have a new option for making their downpayment. As of January 16, 2017, BC residents can apply for an interest and payment-free loan of up to $37,500 courtesy of the new ‘B.C. Home Owner Mortgage and Equity (HOME) Partnership’ program. Loans dolled out though the program won’t require payments for five years, after which time home owners can either pay out the loan in one go, or enter into monthly payments at current intere
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    November Statistics Highlight Real Estate Opportunities
    • Dec 2, 2016
    • 2 min

    November Statistics Highlight Real Estate Opportunities

    Have a condo in Vancouver but thinking about a house? It's a great time to make the jump according to stats from the Real Estate Board o
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