Positive changes coming to CMHC First Time Home Buyers Program
Posted on May 05, 2021 in In the News
What are the changes?
The maximum total qualifying annual income will now be $150,000, which increase from $120,000.
An increase total borrowing amount...
How Does the New Financial Budgets Impact Housing in BC?
Posted on May 04, 2021 in In the News
Recently the Feds and the Province of BC released their Financial Budgets.
How does this impact local market housing?
FEDERAL BUDGET
- NO change to Capital Gains Tax
- A national, annual 1% tax on the value of non-resident, non-Canadian owned residential real estate that is considered to be vacant or underused, effective January 1, 2022.
- $4.4 billion for h...