CHECK OUT THE LATEST SNAPSTATS FOR THE FRASER VALLEY FOR FEBRUARY 2020

Check out the latest SnapStats for the Fraser Valley for February 2020. Sales are up and there has been a slight increase in sales prices indicating that we are in a ‘Sellers Market’. We are once again seeing multiple offer situations not only in condos and townhomes but also single family homes. Inventory is low and there are a lot of buyers out there!!

Contact Garry Voigt today for more information 604 789 2140 or info@garryvoigt.com

 

This report data was captured on March 2, 2020 from the Fraser Valley Real Estate Board MLS® . Refer to our YTD reports for sustained periods of the Sales Ratio % . The accuracy and completeness of the information is not guaranteed. In providing this information SnapStats® or Garry Voigt do not assume any responsibility or liability. More info at snap-stats.com .


JUST LISTED – BURNABY – 2 BED – 2 BATH CONDO – WITH SPECTACULAR VIEWS

1003 2225 Holdom Avenue. Welcome to LEGACY by the very reputable BOSA. Corner, southwest unit with spectacular views of the city, mountains and Mt. Baker. Very OPEN floor plan with floor to ceiling windows all around for an abundance of natural light. This unit features 2 bedroom plus den, 9 foot ceilings, large 160 sq ft balcony to fit in house size patio furniture. Recently painted, open kitchen with Granite counter tops in both the kitchen and bath rooms. Comes with 2 side by side parking, 1 locker, 1 bike storage. 6000 sq ft rec facility including fully equipped exercise room, spa, steam room and sauna and lounge. Located next to Holdom Skytrain Station. Pets allowed (one cat or one dog). Rentals allowed.

CLICK HERE FOR FULL INFO


HAVE YOU EVER CONSIDERED THE BENEFITS OF BUYING VS RENTING?

There is no doubt about it, there are definitely some benefits to renting a home rather than taking the leap to purchase. Your costs can be lower than if you purchase but what about getting a return on that investment?

The article below sets out 5 really good incentives to buy instead of renting.

 

  1. Possible Tax Breaks
  2. Getting help from CMHC to purchase a home
  3. Using your RRSP contributions as leverage
  4. GST New Housing Rebate
  5. Building Equity and Credit

Click Here to read the article recently published in REW.ca

If you are looking to buy your first home and want more information about the benefits of buying a home call Garry Voigt today, email www.garryvoigt.com or call 604 789 2140. We have helped many happy first time buyers navigate their first purchase!

 


First Time Buyer Incentive

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.