Real Estate Explained - $1.5 Million junk house
Posted on May 31, 2022 in Resources
Some of you sent me this exact article asking me how on earth did this East Vancouver a piece of junk house on a busy corridor, even sell for $1.5 million recently?
Well, the value is in the land.
This house sits on a 33 X 125 foot lot on a busy corridor and it has RS-1 zoning and in that particular area, it allows for duplexes laneway home or secon...
Property & Neighbourhood Tour for 102 - 5383 Cambie St
Posted on May 13, 2022 in Resources
Mini Cambie neighbourhood tour ? What’s your favorite neighbourhood gem? ?
Check out 102 - 5383 Cambie St, Vancouver, BC. Live now!
3 Housing Tax Credits You Should Know About!
Posted on Apr 25, 2022 in Resources
The 2022 Federal Budget introduced changes to 3 housing-related tax credits that you should know about.
#1: The Multigenerational Home Renovation Tax Credit. This would provide up to $7,500 in support for building a secondary suite for a senior or an adult with a disability, starting in 2023.
#2: A proposal to double the First-Time Home Buyers’ Tax C...
Tax-free First Home Savings Account (FHSA): The best thing to come out of Canada's 2022 Federal Budget
Posted on Apr 17, 2022 in Resources
One of the best things to come out of Canada's 2022 federal budget announcement is the creation of the tax-free first home savings account (FHSA).
This program will start up sometime in mid-2023 and its goal is to help future homeowners buy their first home.
In the FHSA, you can save up to $40,000 with a maximum contribution of $8,000/year. Similar t...
Another Interest Rate Hike - Should you lock in?
Posted on Apr 14, 2022 in Resources
The Bank of Canada hiked interest rates today by 0.50%, this is the biggest hike in over 2 decades (usually it's always been in increments of 0.25%). Many clients are in panic mode. Past clients are asking if they should lock in their variable to a fixed, and new clients are asking if they should take a fixed rather than a variable though rates are...
4 Key Uses of a Home Equity Line of Credit
Posted on Apr 11, 2022 in Resources
With a HELOC, you have direct access to funds in your bank account. You really shouldn’t be using these funds irresponsibly to buy a trip to Europe or designer shoes.
Investors typically use their HELOC funds for the following purposes:
- Home Renovation - to increase the market value of their homes
- Debt Consolidation - moving high interest credit card...
