Did you miss this announcement? On August 12, 2015 Prime Minister Stephen Harper announced an increase to the Home Buyers’ Plan (HBP) withdrawal limit from $25 000 to $35,000. “The Home Buyers’ Plan has helped so many Canadian families realize their dream of home ownership,” said CREA President Pauline Aunger. “Today’s commitment to increase the… Read more »
Posts Categorized: Buying in Kelowna
Considering purchasing a home on native land? Read this…
Today we will dive into Leasehold properties and explain how Leasehold works in relation to the Westbank First Nations (WFN) and buying Kelowna real estate. When purchasing property in BC, there are a few different classifications of property: Freehold and Strata are the most popular with Leasehold Property coming up shortly after. Background: In the… Read more »
Do you qualify for the Home Buyer Tax Credit?
The Home Buyer Tax Credit is a non-refundable tax credit that certain homebuyers can claim on qualifying homes purchased after January 27, 2009. This tax credit is calculated by multiplying the lowest personal income tax rate for the year (15% in 2014) by $5,000. There are a few factors that will be considered to… Read more »
Okanagan Real Estate September 2014 Statistics
September Sales Trend Strong! We have seen quite the amazing jump in sales this past summer in the Okanagan. To think, September sales are up 32% and the highest since 2005! This means a lot people…this means we are looking very good for next year and as a whole can expect homes prices to be… Read more »
5 Steps to Buying a Home That Won’t Bust Your Budget
5 Steps to Buying a Home That Won’t Bust Your Budget It’s easy to feel overwhelmed by all the decisions that go into buying a new home. Brand new or existing? Cottage or Mansion? Fixer-upper or move-in ready? City or country? After all, a home is a big purchase, and you want it to be… Read more »