One of the biggest perks of homeownership is the ability to be able to access up to 80% of the equity built up in your home. A home equity line of credit or “HELOC” is secured against the value of your home equity and acts as a revolving source of funds, much like a credit card, that you can access when you choo...
If you are a homeowner in the Province of British Columbia, you have to declare your BC Speculation & Vacancy tax exemption by the March 31, 2022 deadline.
All owners on title must each make a separate declaration. Do this online via gov.bc.ca/spectax.
Home Equity is the difference between the value of your home and the remaining mortgage balance on it. Your Home Equity increases as you pay off your mortgage and as your home goes up in value.
Let's do some math. Let's say that the value of your home is $1,000,000 in Vancouver. That means probably a two bedroom condo. You have currently $300,000 le...
A huge THANK YOU to my clients, business partners, friends, realtor colleagues, family, coach, and mentor for helping me reach another milestone in my career in 2021.
Looking forward to another year of great changes and growth in 2022!
The Bank of Canada increased the overnight lending rate by a quarter percentage to 0.5%.
"The Bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds on its balance sheet roughly constant until such time as it becomes appropriate to allow the size of its balance sheet to decline."
Property tax is due twice a year in the City of Vancouver: the Advance Tax Levy and the Main Tax Levy. Ensure you make the full payment prior to the deadline to avoid a 5% penalty on any outstanding balance.