If you are a first time home buyer, now is the time to jump into the real estate game.
Not only is the market a strong buyer's market (which means low prices) but there are programs available to help you make the "leap"!
1. Property Transfer Tax - 1% on the first $200,000 + 2% on the balance of sale price. You may be exempted from this very high cost if you qualify, ...
Posted by Derryanne Hubbard
on May 3, 2012
So what about this new home buyer program?
In calling the Ministry of Finance, here is clarity. This has nothing to do with a home buyer's income tax return. The home buyer, assuming he or she meets the criteria, applies for the bonus. If they are eligible, the government approves the application and sends a cheque to the applicant for the amount claimed. ...
Posted by Derryanne Hubbard
on April 1, 2012
Given the popularity of the First-Time New Home Buyers’ Bonus, BCREA has received many questions regarding how the bonus works and has updated its website with the information received from the Ministry of Finance.
In short:
v The BC First-Time New Home Buyers’ Bonus is a one-time refundable personal income tax credit worth up to $10,000 for ...
Posted by Derryanne Hubbard
on March 1, 2012
We hear so much doom and gloom in the media. I believe slow and steady is how things are REALLY going to unfold. What do you think? I would love to hear feedback from either your particular industry or just your thoughts on the economy in general.
http://www.theglobeandmail.com/report-on-business/economy/housing/two-steady-housing-years-ahead-cmhc/article2336199/
Posted by Derryanne Hubbard
on February 18, 2012
Home Sales Rise Outside Lower Mainland
Vancouver, BC – February 15, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC dipped 7.6 per cent to $2.1 billion in January compared to the same month last year. A total of 3,976 homes traded hands on the MLS® ...
Posted by Derryanne Hubbard
on February 16, 2012
Very interesting read about the proposed oil line.
http://www.davidsuzuki.org/blogs/science-matters/2012/01/whats-so-radical-about-caring-for-the-earth/
Posted by Derryanne Hubbard
on January 20, 2012
Hello all,
When I moved to Vernon in 1999 I bought a 3 bedroom house with a partially finished basement and double garage for $125,000. That house is worth over $300,000 today. The market was low. I considered buying an investment property at the time but changed my mind.
I understand (hopefully as a realtor with 20 years experience) the "Buy Low, Sell High" concept ...
Posted by Derryanne Hubbard
on December 2, 2011
Hello everyone,
Check out this 9 minute video on the stats in the North and Central Okanagan and Shuswap areas.
Bill Hubbard, the broker owner of Century 21 in Kelowna, Vernon and Enderby relates the current stats to where we were 1 year ago and where we were in 2005. Very interesting!!
http://www.youtube.com/watch?v=n1i4CRdsea8&feature=youtube_gdata_player
Posted by Derryanne Hubbard
on October 3, 2011
I just want to warn everyone of a scam in the Vernon area (possibly other areas as well).
Three weeks ago a nice looking lady came to my door. She was wearing a Staples shirt and was very polite and personable. She was looking for donations for the Staples Back pack program. Money would go to help needy kids with school supplies and with each donation you would receive a gift coupon ...
Posted by Derryanne Hubbard
on September 11, 2011
Check out this article on the latest prediction for interest rates.
http://www.theglobeandmail.com/report-on-business/top-business-stories/theres-even-less-pressure-now-on-mark-carney-to-hike-rates/article2124997/
Posted by Derryanne Hubbard
on August 10, 2011