For more information CLICK HERE and watch Alex at Thrive Mortgage Group explain the new incentives.
As of March 2019 The federal Government introduced 2 measures targeted at helping first time buyers purchase a home
Incentive 1 – Borrowing from RRSP’s
The first step in buying Real Estate is finding out what financing is available to you and figuring out where your deposit will come from.
Many first time buyers opt to use the RRSP contributions they have saved. The Federal Government has now increased the amount allowable to withdraw from $25,000 to $35,000. Essentially giving first time buyers an extra $10,000 towards their Real Estate purchase.
Incentive 2 – First Time Home Buyers Incentive
There are a few qualifiers to apply for this incentive:
you need to have the minimum down payment to be eligible
your maximum qualifying income is no more than $120,000
your total borrowing is limited to 4 times the qualifying income
The Incentive enables first-time homebuyers to reduce their monthly mortgage payment without increasing their down payment. The Incentive is not interest bearing and does not require ongoing repayments.
Through the First-Time Home Buyer Incentive, the Government of Canada will offer:
5% for a first-time buyer’s purchase of a re-sale home
5% or 10% for a first-time buyer’s purchase of a new construction
Click on the link at the top to find out more information on how to qualify, how to apply and how much the repayments will be.
Call Garry Voigt, your Local Langley Realtor for all of your Real Estate needs.
201 20062 Fraser Highway Check out this great new listing situated in Varsity. The best location in Central Langley! More information on the Garry Voigt Real Estate Website.
Welcome to VARSITY one of the best locations in Langley. This 2 bed 2 bath home has a bright open plan layout with BRAND NEW FLOORS throughout the main living area. The great size kitchen has elegant shaker cabinets, stainless steel appliances, gas range and quartz counters. Lots of storage and counter space. The kitchen also benefits from an eat up breakfast bar. The living/dining room leads out onto the balcony with BONUS gas hook up for the BBQ! Master bedroom has great size WALK IN CLOSET with custom built in organizers. This gated community is Centrally located in downtown Langley, close to schools, transit, parks and much more! Open House Sat and Sun August 10th and 11th 2 – 4pm.
August events are kicking off in Langley. Check out the Summer Festival Series at the Amphitheatre in Willoughby Community Park (next to the Langley Events Centre). International Violinist Sophie Armstrong will be playing some of her amazing music from 7:00 PM. This is a FREE Event in Langley!
Langley Council approved a new bylaw on Monday July 8th that aims to protect trees in the community of Langley.
The new regulations mean property owners who want to remove a tree from their property must apply for a permit from the City. The fee for each tree cut down is $100 however there are a few exceptions such as farmland and new construction.
Applications for tree removal must be made to the Township, see below for more information.
Watch the latest SnapStats video outlining the June Market in the Fraser Valley. According to SnapStats, Langley is in a *’balanced’ market. For single family homes in Langley there has not been any change in sales price compared to May 2019 and there has been a 6% increase in the sales price of townhomes and condos in Langley. whether you are looking information on the current Langley Real Estate Market or information on the Fraser Valley or Greater Vancouver be sure to call Garry Voigt.
*Sales Ratio suggests market type and speed (ie Balanced 12-20%) Refer to YTD reports for sustained periods. If >100% M LS® data reported previous month’s sales exceeded current inventory count.
23805 36A Avenue. Garry Voigt Real Estate is happy to offer for sale this BRAND NEW custom home built by reputable MTL Construction on Langley’s prestigious STREET OF DREAMS! Sitting on approx 1/2 acre, this 5 bed, 4 bath home features a grand foyer with an oversized door entering into the spacious living room with VAULTED ceilings. OPEN kitchen with abundance of CUSTOM soft close, shaker cabinetry & QUARTZ eat up Island. Master bedroom features VAULTED ceilings, W/I closet, soaker tub, dual sinks & RAINFALL shower, with access out to the large 38′ x 16′ partly covered deck with GAS fire place & speakers, perfect for entertainment! Lower floor features rec room/theatre room, 2 beds, 2 bath and R/I for suite with separate entrance. Plenty of parking with the over height two car garage & BONUS mezzanine. Beautiful fenced backyard, lots of room to build your dream SHOP! Offered at $1,649,000
At Garry Voigt Real Estate we love letting the wonderful people of Langley know what is going on in this amazing community. There is so much to see and do in Langley and the great thing about most of these community events is that they are free!! Each month Garry Voigt Real Estate will be sending out a calendar of events on our monthly flyer as well as featuring these events on the Garry Voigt Real Estate Events Page. Be sure to check out some events happening near you!