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BC Budget 2016 – the impact on you as a Buyer or Seller

The BC government introduced its 2016 budget today. The budget included a number of items intended to affect affordability and availability in the Lower Mainland’s housing market. 

Here’s a summary:

Property Transfer Tax (PTT)

• a New Housing exemption will apply to newly built homes or newly subdivided units priced up to $750,000, saving buyers up to $13,000; and

• a partial exemption will apply on newly built...

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Breaking News:
The BC Minister of Finance has announced several changes to the Property Transfer Tax program, effective Wednesday, which include:
•       a property transfer tax exemption for Canadian citizens and permanent residents who purchase newly-built homes, condos and townhouses under $750,000.  Purchasers must live in the property for at least one year. This is a potential savings in closing costs of up to $13,000;
•       a one percent...
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I moved my client Mat Abney from Vancouver's West End to penthouse in downtown New Westminister, BC overlooking the mountains, river and city. Now they have saturated themselves into the history and culture of this ever changing city that is making a come back! Read on for more information on how Mat Abney has tackled New Westminster and is happy he calls it home.

New West man attracts quite a crowd on Instagram

Meet Mathew Abney (aka The_Royal_City)

THERESA MCMANUS / NEW WEST RECORD 
FEBRUARY...

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I have known Pam for over 10 years. She is very knowledgeable about real estate, passionate about her work and is an excellent communicator.  I purchased my home a few years ago in a neighbourhood that Pam introduced me to and it has already gone up significantly in value.  The building also has a great reputation in the neighbourhood as being a healthy building. I am really happy with my purchase.  You will be in good hands with Pam!

Cindy Reeves,  Vancouver, BC...
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I just finished uploading this Condo for sale, 506 575 DELESTRE AVENUE, Coquitlam, BC

Great building & great location. Nice bright, open corner unit boasting floor to ceiling windows, granite counters, and bedrooms on opposite sides of the apartment. Open den, 2 full bathrooms, 2 parking spots, storage locker, exercise room, amenity room with pool table and car wash stall complete the package. Rentals allowed. Just 10 minutes walk to Skytrain and Lougheed Mall. Close to SFU too! Beautiful unit....

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Categories:   BC HOME LOAN Program