Starting in 2027, the BC Home Owner Grant will be reduced for homeowners in northern and rural communities. Currently, eligible homeowners outside the Capital Regional District, Metro Vancouver Regional District and Fraser Valley Regional District can receive a basic Home Owner Grant of up to $770. Effective January 1, 2027, that maximum will decrease to $570 — a reduction of $200 per year. Why is the grant changing? The additional $200 was provided through the Northern and R

The BC Home Flipping Tax , introduced under the Residential Property (Short-Term Holding) Profit Tax Act , came into effect on January 1,...

Here are the key takeaways from the resent public release from the Department of Finance. The following change will be effective as of ...

What is the Secondary Suite Incentive Program? The Secondary Suite Incentive Program (SSIP) will help homeowners create affordable...

New changes to help First Time Buyers with the purchase of their first home Increase to RRSP Home Buyers Plan limit from $35,000 to...

The deadline for new or updated submissions for the First-Time Home Buyer Incentive is midnight ET on March 21, 2024. For new and...

The newly built home exemption reduces or eliminates the amount of property transfer tax you pay when you purchase a newly built home. A...

CMHC Admits mistake in changing their underwriting policies Last year, in response to the economic uncertainty driven by the COVID-19...

The purpose of using a benchmark rate when qualifying for a mortgage is to ensure that one can still manage their mortgage payments if...

The purpose of using a benchmark rate when qualifying for a mortgage is to ensure that one can still manage their mortgage payments if...