BC Assessment Notice
Posted on Jan 05, 2017
You have probably received your BC Assessment notice and may be shocked at the roughly 30% increase in your properties value. According to BC Assessment, these values reflect their consideration of market value as of July 1st, 2016.
The property taxes payable for next year will be based on these assessments and the tax rate, which will be published...
What you should know about the new mortgage rules
Posted on Nov 14, 2016
NEW MORTGAGE RULES – STRESS TEST:What you should know about the new mortgage rules.On October 3rd, Finance Minister Bill Morneau announced new mortgage rules in an effort to ensure that Canadians don’t over stretch their budgets.
Here’s how they work:
High Ratio Deals (less than 20% down payment): Up to Oct 17th, if you chose a fixed mortgage term o...