Blog by Beebe Cline

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Top 5 changes impacting real estate in BC

March 19th, 2018

Top 5 changes impacting real estate in BC:

1. Increased Property Transfer Tax on homes above $3 million:

  • Increased by 2% on homes above $3 million; instead of 3% it's now 5%.
    • 1% on the first $200k
    • 2% between $200k and $2 million
    • 3% between $2 million and $3 million
    • 5% on $3 million and above
  • Put into context, when a person purchases a home valued at $5.5 million, they will now ...

How to Clean Your Kitchen Cabinets

August 30th, 2017

Additional roadblock hindering foreign buyers

February 26th, 2017

Chinese influence on Canada’s real estate market may be coming to an abrupt end due to new rules that lock their funds.


The Chinese government announced surprise rules for the exchange of the yuan, which will restrict the outflow of currency. 

“As capital flight intensified, China's reserves have plunged, causing the country to sell US treasury bonds. In response, China has introduced n ...

Property Transfer Tax Foreign Entities Vancouver Non Residential Purchases

January 17th, 2017

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New Changes - Department of Finance

October 4th, 2016

Here's what Lori Watson emailed:

"Good day,

 I’m sure most of you have heard today … Big changes to insured financing coming ASAP.

 Here is the official announcement from the Minister of Finance regarding the new rule changes for the Mortgage market as well as the Technical Backgrounder.

 Announcement: http://www.fin.gc.ca/n16/16-117-eng.asp

 Technical: http://www.fin.gc.ca/n16/data/16-117 ...

LuxuryHomes.com

November 6th, 2013
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Stricter Debt Ratio Standards on the Way

July 5th, 2013

http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2013/07/debt-ratio-calculations-to-get-stricter-on-insured-mortgages.html

If you’re a typical borrower, your debt ratios will largely determine if you’re approved for a mortgage.

For applicants who push the limits of qualification, those approvals have been tougher to come by. That’s a direct result of last year’s mortgage rule ...

The 10 Most Popular Dining Rooms of 2012

January 4th, 2013
Statement chandeliers, soft color palettes and comfortable seating ruled the most popular dining spaces on Houzz over the past year. Each of these elegant rooms has a distinct ambience — and Houzz users liked different elements in every one. Whether it's comfortable furniture, bold accents or durable material choices, something from 2012's most popular dining rooms might hav ...

Ming Pao Ad

August 1st, 2012

Easy Green: 10 Tiny Homes That Live Large

May 13th, 2012
No matter what you call it — downsizing, voluntary simplicity, microliving — scaling back your home's size is one simple thing that can greatly reduce your carbon footprint. By living in a smaller than average house, you will use far less energy and water, and produce less waste. And, of course, you can save money too.

There are so many creative ways to approach small-space ...
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