Qualifying home buyers can withdraw up to $25,000 (couples can
withdraw up to $50,000) from their RRSPs for a down payment. Home
buyers who have repaid their RRSP may be eligible to use the
program a second time.
Canada Revenue Agency www.cra.gc.ca. Enter 'Home Buyers'
Plan' in the search box. 1.800.959.8287
August 17, 2010
We're certainly living in interesting times. In January of 2010 everyone was bracing for the onset of higher interest rates. The Bank of Canada had given us an artificial target of July before they would start to raise rates, and indeed they did. However, what has surprised most is the fact that the long-term rates have not followed suit. In fact, due to various reasons, ...
Home sales activity in Greater Vancouver was quieter last month than most Julys over the past decade, with residential sales, prices, and the number of homes listed for sale trending downward in recent months.
The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,255 in July 2010. This represents a 45.2 per ce ...
On Tuesday, the Bank of Canada raised its key lending rate from 0.50 per cent to 0.75 per cent.
Interest rate policy is often divisive, pitting borrowers against savers and investors against speculators.
On balance, this rate increase will be good for Canada ...
OTTAWA - The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.
The global economic recovery is proceeding but is not yet self-sustaining. Greater emphasis on ...
The BC Harmonized Sales Tax in a Nutshell - A Quick Overview of the B.C. HST 12% Tax and How It Influences New Home Buyers of Real Estate
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The Harmonized Sales Tax (also known as the new BC HST) is 12% tax applicable to most goods and services, including new homes, real estate, and property. |
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The new B.C. HST 12% Tax is the combinatio ... |
The number of properties listed for sale in Greater Vancouver continued to rise in May, while the number of sales showed a year-over-year decrease.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,156 in May 2010, a decline of 10.4 per cent compared to the 3,524 sales in May 2009; 5.1 per cent more ...
On July 23, 2009, the BC government announced plans to combine the 7 per cent PST and 5 per cent GST into a 12 per cent Harmonized Sales Tax (HST), effective July 1, 2010.
This announcement came without notice given that the BC Government had repeatedly stated they were not considering bringing in a harmonized tax.
Right away, your Board listened to concerns from members and conferred wit ...
The Bank of Canada raised its key interest rate by a quarter point today, and most lending institutions are expected to respond by increasing their prime lending rates by a quarter point. This marks the first rate increase by the Bank since 2007.
In its statement the Bank noted that "the economy grew by a robust 6.1 per cent in the first quarter, led by housing and consumer spending. Em ...