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Blog by Linda M Linfoot

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A Raise in the Minimum Down payment Requirement??

February 9th, 2010

CREA forecasts record home market this year

Garry Marr, Financial Post 

Canadian real estate sales and prices are poised to set records this year, according to a new forecast that is bound to reignite calls in some quarters for tighter lending rules.

The Canadian Real Estate Association, which represents 100 boards across the country, said Monday it expects existing-home sales to reach 52 ...

Does My Reno Qualify for a Tax Credit?

January 25th, 2010

Does my reno qualify for a tax credit?

  •  Roma Luciw  Globe and Mail

With the Jan. 31 deadline just around the corner, anyone who still wants to take advantage of the federal government's popular home renovation tax credit had better hurry.

“The most important thing for people to know is that they still have a week to buy and take delivery of materials that they are thinking of using f ...

REBGV Stats - Dec

January 6th, 2010

REBGV Stats

Slow start, strong finish for housing market in 2009

After beginning the year at near record low sales levels, buyers’ confidence in the Greater Vancouver housing market quickly returned, allowing for significant and sustained increases in the number of residential property sales for much of 2009.

The Real Estate Board of Greater Vancouver (REBGV) reports that total unit sale ...

Revised HST Dec, 2009

January 5th, 2010

Revised HST Dec 3, 2009

HST/GST

December 3rd, 2009

GST Assystant

HST Assystant

Granite Myths, Control the Flow of Water, Setting the Stage, Fire Places and Wood Stoves, Clothes Washer and Much More

December 2nd, 2009

http://www.pillartopost.com/postnotes/postNotes-pillarToPost-newsletter-nov-2009.aspx#motivaton

HST

November 20th, 2009

HST (HARMONIZED SALES TAX)

On July 23, 2009 the government of BC announced that it intends to harmonize the Social Service Tax (“PST”) with the federal Goods and Services Tax (“GST”) effective July 1, 2010.  The Harmonized Sales Tax (“HST”) will combine a 7% BC rate (“provincial portion”) with the 5% federal GST for a combined HST rate of 12%.

Detailed information concerning the HST has yet ...

HST Update

November 20th, 2009

HST update

Government listens to Real Estate Board on HST

The BC Government has announced that it will exclude new homes costing up to $525,000 from its proposed 12 per cent Harmonized Sales Tax (HST) scheduled to take effect July 1, 2010.

The government has also increased the rebate of the provincial portion of the HST paid on a new home to a maximum of $26,250.

This represents a 30 p ...

Housing Prices

November 18th, 2009

Rapid rebound fuels fears of housing bubble

Garry Marr, Financial Post 


Canadian existing home prices are now rising at a pace not seen in 20 years, fueling talk that a bubble may be forming in the market.

The average price of a home sold last month was $341,079, a 20.7% increase from a year ago, the Ottawa-based Canadian Real Estate Association said Monday. Sales also continued to climb ...

BC Assessment - Information for First Time Buyers

November 9th, 2009

First Time Buyers Information from BC Assessment

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