For those of you that weren't aware of it the BC government came out with their provincial budget today and it held some interesting things for 1st time home buyers and seniors.
There will be a temporary one time refundable tax credit of up to $10,000 for 1st time home buyers purchasing in a newly constructed home. The credit will be calculated as five per cent of the purchase price of the home up to a maximum credit of $10,000. This should help to boost new home sales and encourage Buyers that were thinking of waiting until the HST is fazed out in 2013 to purchase sooner rather than later. This credit will only be available to those who have entered into a Contract of Purchase and Sale after February 20, 2012.
The budget also includes a BC Seniors Home renovation Tax Credit to help seniors over the age of 65 years old allowing them the flexibility to remain in their home. This credit is for Seniors whether they own their home or rent as well as for people living with seniors in their home.
"Most amazing group of People who truly work together as a team. Rachael is 100% fully invested in what it is your looking for and is always readily available and updating you on the new / the old and the current market and very professional while being very personable. We wouldn't hesitate to recommend Rachael or any one from the Balance Real estate group for any of your real estate needs . Thank you all for making the sell of our home and the buying of our new home a seamless success"