As of January 1, 2025 the BC Home Flipping Tax is now in effect.  Here's how it works:- The tax applies to income from sales of residential properties, presale contracts or assignments owned for less than 730 days (2 years).  This includes properties bought before January 1, 2025, if they are sold on or after that date and owned for less than 2 years.-  The rate is 20% for sales within the fi ...

Merry be your Holiday,Peaceful be your Family,Joyful be your HOME!Good Health to all.

Dec 11, 2024 - Canada’s central bank has cut its key rate for the fifth consecutive time – now sitting at 3.25 per cent – as the country’s economy grows at a slower rate than projected and Trumps threat of tariffs loom overhead.

Merry be your CHRISTMAS,peaceful be your FAMILY,joyful be yourHOME.Safe and Happy Holidays to all!

Nov 21/24 - Feds Remove Stress Test on Uninsured Mortgage Renewals  In line with CREA's advocacy efforts, as of today Nov 21/24, the Office of the Superintendent of Financial Institutions (OFSI) has eliminated the mortgage stress test for uninsured renewals, enabling borrowers to switch lenders while maintaining their loan amount and amortization period. Insured borrowers are already exempt. ...

We Remember!We remember all your sacrifice and bravery each and every day.  We are thankful for your courage to fight on our behalf and to give our children, grandchildren and future generations the best life possible.  We send hope and peace to all of the ongoing strife in the world and hope it will all soon end.  We will always remember, give a soldier and a first responder a giant hug! ...

30 Years!  The Realtors Care Blanket Drive - Nov 12 to 19thThis time of year we remember our less fortunate neighbours and the Realtors Care Blanket Drive is looking for donations of:  warm coats, boots, hats, gloves, sleeping bags, pants, new socks and new underwear.  If you have any of these items that you would like to donate, I will happily pick up anywhere in Richmond for FREE.  Just giv ...

Ghosts and Goblins, Witches and Ghouls are everywhere!Beware and keep your eyes peeled for these little creatures roaming around your neighbourhood. Have a safe and fun Halloween.

The Bank of Canada was optimistic about inflation rates this past week, and proceeded to cut the central bank rate to 3.25%.  This rate cut may stimulate a few Buyers to jump into the market.  Or is everyone waiting for the BC and USA election results??  Hmmmm!

Happy Thanksgiving to all!  Wishing you a safe and restful long weekend, and spending time with loved ones and friends.