| Recent Blog Posts by Derryanne Hubbard | ||
FREE money and Tax breaks for First Time Homebuyers!!!If you are a first time home buyer, now is the time to jump into the real estate game.
Not only is the market a strong buyer's market (which means low prices) but there are programs available to help you make the "leap"!
1. Property Transfer Tax - 1% on the first $200,000 + 2% on the balance of sale price. You may be exempted from this very high cost if you qualify, ...
Posted by Derryanne Hubbard
on May 3, 2012
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Free Money!!So what about this new home buyer program?
In calling the Ministry of Finance, here is clarity. This has nothing to do with a home buyer's income tax return. The home buyer, assuming he or she meets the criteria, applies for the bonus. If they are eligible, the government approves the application and sends a cheque to the applicant for the amount claimed. ...
Posted by Derryanne Hubbard
on April 1, 2012
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Calling all First Time Home Buyers!!!Given the popularity of the First-Time New Home Buyers’ Bonus, BCREA has received many questions regarding how the bonus works and has updated its website with the information received from the Ministry of Finance.
In short:
v The BC First-Time New Home Buyers’ Bonus is a one-time refundable personal income tax credit worth up to $10,000 for ...
Posted by Derryanne Hubbard
on March 1, 2012
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It's a turtle folks...slow and steady wins the race!!!We hear so much doom and gloom in the media. I believe slow and steady is how things are REALLY going to unfold. What do you think? I would love to hear feedback from either your particular industry or just your thoughts on the economy in general.
http://www.theglobeandmail.com/report-on-business/economy/housing/two-steady-housing-years-ahead-cmhc/article2336199/
Posted by Derryanne Hubbard
on February 18, 2012
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Real Estate markets really are LOCAL!!!
Home Sales Rise Outside Lower Mainland
Vancouver, BC – February 15, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC dipped 7.6 per cent to $2.1 billion in January compared to the same month last year. A total of 3,976 homes traded hands on the MLS® ...
Posted by Derryanne Hubbard
on February 16, 2012
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So, let's get radical!!Very interesting read about the proposed oil line.
http://www.davidsuzuki.org/blogs/science-matters/2012/01/whats-so-radical-about-caring-for-the-earth/
Posted by Derryanne Hubbard
on January 20, 2012
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Don't say I didn't warn you!!Hello all,
When I moved to Vernon in 1999 I bought a 3 bedroom house with a partially finished basement and double garage for $125,000. That house is worth over $300,000 today. The market was low. I considered buying an investment property at the time but changed my mind.
I understand (hopefully as a realtor with 20 years experience) the "Buy Low, Sell High" concept ...
Posted by Derryanne Hubbard
on December 2, 2011
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What's happening in the Okanagan - check out the stats!!Hello everyone,
Check out this 9 minute video on the stats in the North and Central Okanagan and Shuswap areas.
Bill Hubbard, the broker owner of Century 21 in Kelowna, Vernon and Enderby relates the current stats to where we were 1 year ago and where we were in 2005. Very interesting!!
http://www.youtube.com/watch?v=n1i4CRdsea8&feature=youtube_gdata_player
Posted by Derryanne Hubbard
on October 3, 2011
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Don't get scammed!!!!I just want to warn everyone of a scam in the Vernon area (possibly other areas as well).
Three weeks ago a nice looking lady came to my door. She was wearing a Staples shirt and was very polite and personable. She was looking for donations for the Staples Back pack program. Money would go to help needy kids with school supplies and with each donation you would receive a gift coupon ...
Posted by Derryanne Hubbard
on September 11, 2011
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Interest rates look like they are staying where they are for now!!Check out this article on the latest prediction for interest rates.
http://www.theglobeandmail.com/report-on-business/top-business-stories/theres-even-less-pressure-now-on-mark-carney-to-hike-rates/article2124997/
Posted by Derryanne Hubbard
on August 10, 2011
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Rates going up????Bank of Canada inching closer to a rate increase
As expected, the Bank of Canada maintained the policy rate at 1.00% today; however, the Bank assumed a more aggressive tone with respect to the outlook saying that "some of the considerable monetary policy stimulus currently in place will be withdrawn." This is a step up from the May statement, which projected that stimulus would be "eventually withdrawn." ...
Posted by Derryanne Hubbard
on July 20, 2011
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Interest Rates???http://business.financialpost.com/2011/06/24/carney-says-may-need-to-keep-rates-low/
Posted by Derryanne Hubbard
on June 24, 2011
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Canadian Real Estate Marketing looking better than predicted!!2011 is better than predicted!!
http://www.theglobeandmail.com/report-on-business/economy/economy-lab/daily-mix/how-the-home-price-forecasts-changed/article2016467/
Posted by Derryanne Hubbard
on May 11, 2011
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Tax break
The Federal First Time Home Buyers Tax Credit, introduced in January, 2009, is still in existence. If you acquired a home after January 27, 2009 as a First Time Home Buyer you could save some taxes. Check it out!
http://www.cra-arc.gc.ca/nwsrm/fctshts/2010/m01/fs100121-eng.html
Posted by Derryanne Hubbard
on April 26, 2011
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Change in Homeowner grant means more money in our pockets!Good Afternoon everyone,
I thought I would share with you the news that I heard regarding a further relief to our Home Owners Grant for Property Taxes. What does this mean for you? If you are under 65, currently your Home Owners Grant is $570! Effetive tax season of 2011, you will receive a further $200 reduction which means that you will have a grant of $770. If you are over 65, your ...
Posted by Derryanne Hubbard
on February 17, 2011
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Canada...What a great place to live!!!!!Article in the "Washington Times” January 4th
Canada is quietly surpassing the U.S. as the land of opportunity
By James A. Bacon
The Washington Times
6:29 p.m., Tuesday, January 4, 2011
Illustration: Canada and freedom
Unless the Winter Olympics are on television or someone is clubbing baby seals, Americans don't pay much attention to what's happening ...
Posted by Derryanne Hubbard
on January 31, 2011
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Excellent Long term economic predictions!This is the most positive long term news I have read in a long time!!
http://www.financialpost.com/news/economy/Forget+Great+Recession+growth+super+cycle+ahead/4155082/story.html
Posted by Derryanne Hubbard
on January 25, 2011
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Mortgage ChangesChanges to the Mortgage Market as of March 18, 2011
· The maximum amortization period – 30 years
· The maximum amount that can be borrowed when refinancing a mortgage - 85% the value of the home
Q: How will this affect my renewal, or if I want to port ...
Posted by Derryanne Hubbard
on January 20, 2011
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Happy New Year!Just a very quick note to wish all my clients, friends and family a very happy 2011. Everything out there is pointing to a much better 2011.
Remember the Golden Rule: Buy LOW, Sell HIGH! It is now low. If you are thinking of buying, do it NOW! I think the tide is turning. "Low" may not be here much longer! I often get asked by my clients, "Why didn't ...
Posted by Derryanne Hubbard
on January 3, 2011
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Vernon BC Fall 2010 Market UpdateHere is a little update on our fall market in Vernon, BC! Click on the video below for my personal message. Derryanne Hubbard Century 21 Executives Realty Ltd.
Derryanne Hubbard
Century 21 Executives Realty Ltd.
Posted by Derryanne Hubbard
on October 25, 2010
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In TorontoI was born and raised in a quiet small town called Bowmanville about 1 1/2 hours east of Toronto. Everyone knew everyone...and I hated it! When it was time for me to attend university, I could not wait to escape a small town and go to the big city. For this reason alone, I attended University of Toronto. How I loved being lost in all the millions of people where no one ...
Posted by Derryanne Hubbard
on October 2, 2010
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Buyer's MarketI think I am safe to say that unless you have been out of Canada for many months with no contact with the outside world (that actually sounds kind of nice!) or living in a cave, you probably know the real estate market is correcting, AGAIN! Inventory in the Okanagan is rising, sales are dropping and so are prices. So what are homeowners to do if they are trying to sell in this kind of market?? ...
Posted by Derryanne Hubbard
on August 30, 2010
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Making things happen!!!Last year I had big dreams for what I was going to do over the summer. I really wanted to attend music festivals, a passion of mine so I researched the local festivals but that’s where things ended. I just figured it would all come together in the end and I would be there. WRONG! The summer came and went and nothing happened.
I vowed this summer things would ...
Posted by Derryanne Hubbard
on July 23, 2010
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Easter Seals 24-Hour Relay!Way too old for “all nighters” ...but well worth it!
I remember staying up all night many times when I attended University of Toronto debugging computer programs. I would head off for class the next morning and barely feel the lack of sleep. Fast forward 30 years (that’s hard for me to even type!) to the 24 hour relay for Life Easter Seals Send a Kid to camp ...
Posted by Derryanne Hubbard
on June 23, 2010
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HST reportHere it comes! If you are thinking real estate changes in the last half of this year, take a moment to read this short article on HST!
HST in British Columbia
On July 1st 2010 the Provincial Sales Tax in BC is being replaced and harmonized with the GST to create a single 12% tax. The new HST will have impact to those people who are building or purchasing a newly constructed homes or ...
Posted by Derryanne Hubbard
on May 25, 2010
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