Monday, April 30, 2012
Top 28 grants and rebates for property buyers and owners
1) Home Buyers’ Plan
2) GST Rebate on New Homes
3) BC New Housing Rebate (HST)
4) BC New Housing Rebate (HST) for Secondary Vacation or Recreational Homes
5) BC New Rental Housing Rebate (HST)
6) BC First-Time New Home Buyers’ Bonus
7) BC Property Transfer Tax (PTT) First-Time Home Buyers’ Program
8) First-Time Home Buyers’ Tax Credit (HBTC)
9) BC Home Owner Grant
10) BC Property Tax Deferment Programs
Property Tax Deferment Program for Seniors.
Financial Hardship Property Tax Deferment Program.
Property Tax Deferment Program for Families with Children.
BC Ministry of Small Business and Revenue
11) Canada Mortgage and Housing (CMHC) Residential Rehabilitation Assistance Program (RRAP) Grants.
12) Home Adaptations for Independence (HAFI)
BC Housing www.bchousing.org/Options/Home_Renovations
13) CMHC Mortgage Loan Insurance Premium Refund
14) Energy Saving Mortgages
15) Low Interest Renovation Loans
16) LiveSmart BC: Efficiency Incentive Program
17) BC Residential Energy Credit
18) BC Hydro Appliance Rebates
19) BC Hydro Fridge Buy-Back Program
20) BC Hydro Windows Rebate Program
21) BC Hydro Mail-in Rebates/Savings Coupons
22) FortisBC Rebate Program
23) FortisBC Efficient Boiler Program
24) City of Vancouver Rain Barrel Subsidy Program
25) City of Vancouver Greenest City 2020 Pilot Home Energy Loan Program
26) Vancity Green Building Grant
27) Local Government Water Conservation Incentives
28) Local Government Water Meter Programs
April 5, 2012, Real Estate Board of Greater Vancouver Article
Tuesday, April 24, 2012
April Market Statistics for Vancouver Market
FOR IMMEDIATE RELEASE - From the desk of AMALIA LIAPIS
About 3 weeks ago I noticed a change in the Vancouver market – things went relatively quiet.
Looking forward into the summer I predict the general market will continue that trend. What that means is that there will continue to be moderate activity overall. The properties that are receiving the most amount of attention are homes on the East Side of Vancouver in the $1,000,000 range (and yes this is considered good value). Any property; house, townhome or apartment that is on waterfront (or with a great view) and priced well is getting immediate attention. Vancouver West homes from $3,000,000 and up are selling steadily. But it all comes down to price so if the property has any shortcomings then an adjustment in price will be needed to gain a buyers interest.
World activities have had an effect on the real estate markets as well. Recent manufacturing data out of China indicates that the economy is still contracting, however at a slower rate than previously expected. The political problems in Europe continue to surface as seen in the resignation of the Dutch cabinet over night & the weekend’s French election result. These events together with some weaker economic data saw the European markets tumble & Bond rates rose. The sovereignty risk rose in Greece, Spain & Italy when government control was weakened through political unrest. The Dutch problem arose last week when Fitch said it would put Holland (AAA) on ratings review if the government failed to take action to cut their budget deficit & stop their debt from rising. Now Holland will head to elections, earlier than expected, after 7 weeks of negotiations among the ruling coalition parties on budget cuts of Euro 14billion collapsed on Saturday. The Dutch economy is feeling the pinch including a housing market slump. Sounds familiar. Greece, Ireland & Spain revisited? Italy & Portugal?
Most European countries are living well above their means, especially those with pensions, welfare & unemployment benefits. Those earning incomes don’t want earn less through paying more tax in order to help keep these benefit payments at the same level. Who is going to pay? There is no short term fix & so far the decisions made amount to just kicking a can down the road. The debt remains as long as the will to reduce it to manageable levels falls into the political too hard basket. One step at a time, Europe will unravel. The first step could come from the French as they desert their president Nicolsas Sarkozy for a socialist government who would not cooperate with German Chancellor Angela Merkel in keeping Europe afloat. Sarkozy & Merkel have been the glue to keep the Euro together as most other leaders have only been interested in their own problems.
US reporting season continues & this is going well but not standout unless you are one of the favored Tech companies like Apple & Microsoft. GE & McDonalds were also better than expected. Investors have been disappointed with some of the Banks & some of the guidance given for future quarters. Despite its debt worries, the US market has outperformed the ASX thanks to QE1 & QE2.
Overall it’s the worry about Europe that keeps the US market on its toes. Everybody seems to be watching someone in today’s market & just shows what a small world we live in.
Tuesday, April 24, 2012
New Mortgage Code of Conduct
As of November 5, 2012, federally-regulated financial institutions will be required to disclose information to borrowers about prepayment and refinancing options, amounts and charges, penalties and ways to avoid them. The Mortgage Prepayment Information Code of Conduct also requires lenders to make this information available on a website which includes calculators and guidance to borrowers. Lenders must also provide toll-free telephone help and a written statement of prepayment charges as requested by borrowers. The federal goverment did not standadize the penalty calculation formula in this new code.
For information visit: www.fin.gc.ca/n12/12-025-eng.asp
Monday, April 23, 2012
The Federal Budget - some good news for home owners
Federal Finance Minister Jim Flaherty tabled the 2012 Federal Budget on March 29, 2012. Eliminating the deficit by 2015 is a key goal and the government plans to do this by cutting spending by $1.4 billion in 2012/13 and by $3.9 billion in 2013/14 for a total of $5.3 billion. With unemployment steady at 7.5% and record household debt, property buyers and owners were looking for any glimmer of good news. The government did offer some hope.
• $205 million to extend the Hiring Credit for Small Business program to encourage hiring. A small-business employer can receive credit of up to $1,000 to help offset employment insurance premiums.
• $165 million over 2 years for responsible resource development which creates jobs and protects the environment.
• $150 million over two years on the Community Infrastructure Improvement Fund for repairs and improvements to community facilities.$99.2 million over three years to help provinces develop permanent flood mitigation measures.
• $67 million through the National Research Council on business-led, industry-relevant research.
• $60 million over two years to protect wildlife at risk.
• $35.7 million over two years for inspections and emergency preparedness to improve oil tanker safety.
Spending on innovation
• $500 million over five years, (to begin in 2014) to the Canada Foundation to support innovation in advanced research infrastructure.
• $105 million over two years to support forestry innovation and market development.
• $100 million to the Business Development Bank of Canada to support its venture capital activities.
• $37 million annually to granting councils to enhance support for industry-academic research partnerships.
Cutting red tape
• Streamline the multiple-step regulatory process to a single-step review known as “one project, one review.” This will include amending the Canadian Environmental Protection Act.
• Streamline the process for approving major economic projects.
• Introduce a legislative amendment clarifying the prohibition against banks selling life insurance.
There will be no new personal or corporate taxes or tax increases.
Excerpt from April 20, 2012 Realtor Link Article
Monday, April 16, 2012
RE/MAX Platinum Club membership achieved for 2011
February 17, 2012
Congratulations on achieving membership in the Platinum Club for 2011! You should be very proud of your accomplishment and we consider ourselves honoured to have you on the RE/MAX Team.
RE/MAX Associates are truly “Canada’s Most Productive Agents.” Your production and obvious customer-orientated service is a prime example of why RE/MAX is ‘Above the Crowd!®’.
As the real estate network with the most market share and greatest brand recognition, we have the most to offer home buyers and sellers. Due to professionalism exhibited by Sales Associates such as yourself, RE/MAX can lay claim to the phrase: “RE/MAX Outstanding Agents. Outstanding Results®”
We missed not being able to present this award to you personally at our recent 29th Annual RE/MAX of Western Canada Conference in Victoria, BC, however, it gives us great pleasure to present it to you now!
We are proud to have you on the RE/MAX Team and wish you continued success for 2012!
RE/MAX of Western Canada (1998), LLC
Categories: 2011 | 2012 | 2013 | Amalia Liapis | Amalia Liapis; | Awards | banking | BC | Best | Buying | Canada | Closing Costs | Commercial | condos | Cute Video | Finances | financing | forecast | Home | Houses | Housing | HST | Insurance | investments | Legislation | Market | Market Stats | market trends | MLS Listings | mortgage | mortgages | price index | Prices | Re/max | real e | Real Estate | Sales | Selling | Stats | strata | Tax | Taxes | townhomes | Vancouver | Westender | Yaletown