Vancouver ve Çevresinde İlk Evinizi Alırken Bilmeniz Gerekenler

Vancouver’a yerleşmeye karar verdiniz veya  taşındınız ve ilk evinizi almayı düşünüyorsunuz.

Peki ev almak için yapmanız gerekenleri biliyormusunuz? Basitçe yapmanız gerekenleri ve sürecin nasıl işlediğini bu yazıda açıklayacağım. Umarım yararlı olur.

vancouver emlak el kitabi

1. BC Property Transfer Tax (PTT) First-Time Home Buyers’ Program Qualifying first-time buyers may be exempt from paying the PTT (1% on the first $200,000 and 2% on the remainder of the purchase price of a resale home priced up to $500,000. Proportional exemption for homes priced $500,000 - $525,000. At $525,000+ no exemption. Foreign entities, taxable trustee ineligible.  1-888-355-2700.  https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/exemptions/first-time-home-buyers

2.BC Property Transfer Tax Newly Built Home Exemption Qualifying buyers of new homes may be exempt from paying the PTT on a newly built home or newly subdivided unit priced up to $750,000 and a partial exemption on newly built homes priced $750,000 to $800,000.  1-888-355-2700.  https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/exemptions/newly-built-home-exemption

3. BC Home Owner Grant Reduces property taxes for home owners with an assessed or partitioned value up to $1.65 million. Grant reduced by $5 for each $1,000 above the threshold; eliminated at $1.764 million (basic grant) and $1.819 million (additional grant). Basic grant: • up to $570 for principal residences in the Capital, Greater Vancouver and Fraser Valley regional districts; • an additional grant of $200 to rural home owners elsewhere in BC; and • an additional grant of $275 to seniors aged 65+, those permanently disabled, and veterans of certain wars. hogadmin@gov.bc.ca. 1-888-355-2700.

4. BC Property Tax Deferment Programs• Property Tax Deferment Program for Seniors: qualifying home owners aged 55+ can defer property taxes. • Property Tax Deferment Program for Families with Children:qualifying home owners who financially support children under age 18 can defer property taxes. Vancouver: 604-660-2421. Elsewhere in BC: 1-800-663-7867.

5. CMHC First-time Home Buyers’ Incentive Qualifying first-time home buyers with annual household incomes <$120,000 and a 5% down payment, a 10% shared equity mortgage for a newly constructed home OR a 5% shared equity mortgage for an existing home. Buyer repays the incentive later or at re-sale. Incentive reduces the amount of monthly mortgage payments. https://pm.gc.ca/en/news/news-releases/2019/03/20/new-program-help-100000-canadian-families-buy-their-first-home

6. Home Buyers’ Plan Qualifying home buyers can withdraw up to $35,000 (couples can withdraw up to $70,000) from their RRSPs for a down payment. Home buyers who have experienced a breakdown in their marriage or common-law partnership even if they are not first-time buyers and those who have repaid their RRSP may be eligible to use the program a second time. Canada Revenue Agency.

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-home-buyers-plan/participate-home-buyers-plan.html

7. GST/HST New Housing Rebate New home buyers can apply for a rebate for the 5% GST if the purchase price is $350,000 or less. The rebate is equal to 36% of the GST to a maximum rebate of $6,300. There is a proportional GST rebate for new homes costing between $350,000 and $450,000. There is no rebate for homes priced at $450,000+. Canada Revenue Agency. 1-800-959-8287. https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4028/gst-hst-new-housing-rebate.html

8. First-Time Home Buyers’ Tax Credit (HBTC) Eligible persons who bought a qualifying home can claim the home buyers’ amount of $5,000 on Line 369 of Schedule 1 when filing their 2019 income tax and benefit returns. For 2019, the maximum home buyers’ tax credit (HBTC) is $750, which is calculated by multiplying the home buyers’ amount of $5,000 by the federal non-refundable tax credit rate of 15% (equal to the lowest personal income tax rate for the year). 1-800-959-8281  https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-31270-home-buyers-amount.html

9. COVID-19 Mortgage Payment Deferral (CMHC) Homeowners left without a job or with reduced hours may be eligible for a temporary mortgage payment deferral up to six months. Mortgage payments must be repaid and have to resume according to the regular payment schedule.   https://www.cmhc-schl.gc.ca/en/finance-and-investing/mortgage-loan-insurance/the-resource/covid19-understanding-mortgage-payment-deferral

10. CMHC Mortgage Loan Insurance Premium Refund Provides home buyers with CMHC mortgage insurance, a 10% premium refund and possible extended amortization without surcharge when buyers purchase an energy efficient home or make energy saving renovations. Learn more. 604-731-5733.  https://www.cmhc-schl.gc.ca/en/finance-and-investing/mortgage-loan-insurance/the-resource/energy-efficient-housing-made-more-affordable-with-mortgage-loan-insurance

11. Canada Emergency Rent Subsidy Businesses, charities, and non-profits with declining revenue can access up to 65% for eligible expenses, including rent and interest on commercial mortgages. Support to tenants and property owners until June 2021. Claims can be retroactive to Sept. 27, 2020.

12. Municipal rent bank programs Provides one-time interest-free loans to eligible families/individuals in temporary financial crisis at risk of eviction or utility disconnection due to a temporary shortage of funds, for example, the Vancouver Rent Bank. Check your local municipality.

https://vancouver.ca/people-programs/financial-aid.aspx#:~:text=The%20Vancouver%20Rent%20Bank%20provides,people%20in%20temporary%20financial%20crisis

13. Home Adaptations for Independence (HAFI)Joint federal/provincial government program provides up to $20,000 to eligible low-income seniors and disabled home owners and landlords finance modifications to their homes to make them accessible and safer. Learn More. 604-433-2218 or 1-800-257-7756.

14. BC Seniors’ Home Renovation Tax Credit Assists eligible seniors 65+ with the cost of eligible permanent home renovations to a principal residence to improve accessibility. Maximum refundable credit: $1,000 per tax year, calculated as 10% of the qualifying renovation expense (maximum $10,000). Forms are available online. 1-800-959-8281.

15. Energy saving mortgages Some financial institutions offer special mortgages to home buyers/owners making homes energy efficient. For example, home owners may qualify for a BMO Eco Smart Mortgage™ or a TD Canada Trust rural property mortgage.

16. Low interest green renovation rebates and loans Financial institutions offer loans to home owners making energy efficient upgrades, for example, Vancity Home Energy rebate up to $2,000 and RBC’s Energy Saver loan offers 1% off the interest rate for a fixed rate installment loan over $5,000 or a $100 rebate on a home energy audit on a fixed rate installment loan over $5,000. Visit your financial institution.

17.Clean BC PlanA new $679 million program of the BC Government provides a range of incentives including up to $6,000 for buyers of electric vehicles, and $2,000 to replace a fossil fuel heating system.

18. Energy Efficient Buildings Incentives for households and businesses installing high-efficiency heating equipment and building envelope improvements. A partnership of BC Hydro, Fortis BC and BC Housing.

19. BC Hydro and FortisBC rebates to improve a home’s efficiencyRebates for heat pumps and insulation, draft-proofing, hot water heaters, and a $300 bonus offer for making two eligible upgrades within 18 months.

20. FortisBC new home energy rebate offerFortisBC and BC Hydro customers can receive rebates when building ENERGY STAR new homes or installing high-efficiency natural gas fireplaces.  https://www.fortisbc.com/rebates-and-energy-savings/rebates-and-offers?l=

21. Home energy rebate offer BC Hydro and FortisBC offer home owners rebatesfor upgrades and improvements, including insulation, space and water heating systems and ventilation to reduce your energy bill. Includes a bonus offer for completing three or more upgrades. Total value: up to $10,000. Learn more. 1-877-740-0055.

22. Energy savings kitsBC Hydro and FortisBC offer income-qualifying customers a free energy saving kit containing products to help save energy and dollars.

23. FortisBC Rebate for rental apartment buildingsRental Apartment Efficiency Program for owners and managers of rental apartment buildings of nine or more units includes a new water-efficient shower head and kitchen and bathroom faucet aerator for each unit, an energy assessment and ongoing professional assistance. Learn more.

24. Join the Power Smart TeamBecome a member of Team Power Smart and start a challenge to reduce your electricity use by 10% over the next year. If you’re successful you’ll earn a $50 reward. Learn more.

25. ENERGY STAR appliance rebatesBC Hydro Power Smart and participating municipalities offer $100 mail-in rebates to home owners buying ENERGY STAR clothes dryers, and refrigerators. Learn more.

26. BC Hydro rate decrease and one-time bill creditCustomers receive a 0.61% rate decrease retroactive to April 1, 2020 and a one-time bill credit early in 2021. 604-928-6468. Learn more.

27. Leaders in Energy Management ProgramPartners BC Hydro with large commercial, government and institutional customers spending $200,000 or more a year. Customers gain access to energy management programs, tools, and incentives. Learn more. 1-800-522-4713.

28. Business Energy Saving Incentives Provides financial incentives to organizations that replace inefficient technologies with energy efficient technologies. Learn more.1-800-474-6886.

29. FortisBC rebate program for businesses For commercial buildings, save up to $500,000 for constructing high-performance, energy efficient commercial, multi-unit residential or industrial buildings; up to $1 million for industrial building energy-efficient upgrades. Learn more.

30.City of VancouverBuilding Energy Retrofit Fund Program includes $1 million to support and expand programs that result in energy efficiency upgrades for buildings. Includes a Green Landlord Program to help non-market apartment building owners and operators reinvest in buildings and reduce energy costs. Learn more.

31. Rebates for home, workplace EV charging Province offers homeowners a rebate up to 50% of purchase/installation costs of an EV charger to a max of $700. Workplaces/residents of condos/apartments rebate up to 50% of costs to a max of $4,000 per charger. Up to 5 hours free support services from an EV charging station advisor for condos/apartments/workplaces. Visit: https://cleanbc.gov.bc.ca/; https://goelectricbc.gov.bc.ca/

32. Rain barrel subsidy programs Metro Vancouver municipalities offer rain barrels for sale at a discount for residents:Richmond - $30; Burnaby - $100. Other municipalities may have similar offers.

33. Water saving kits Metro Vancouver municipalities offer water saving kits. Contact municipalities such as Burnaby, and Delta.

34. Local government water meter programs Municipalities may offer water metering, so you pay only for the amount of water you use. Burnaby (scroll down), Delta,Richmond, and West Vancouver have programs. Visit your municipality’s website and search ‘water meter.’

With millions of us lying low to limit the spread of Covid-19, I feel like this is also a great opportunity to slow down and take advantage of the time we have now to read, watch films, cook, learn new things online, call friends and family. Yes this is not a holiday but we can try to get the most of it.

We can check in on friends and neighbors right now and ask "do you need anything?"  At the time of crises we stay together, we support each other and stay strong.

Pressure Cooker Mushroom Risotto

https://www.seriouseats.com/recipes/2014/12/pressure-cooker-mushroom-risotto-recipe.html

Travel the World- without leaving your home :)

In this day and age, it is easier than ever to travel the world without leaving home.

• Google Maps street view will allow you to visit almost any destination around the world. Check out this view from Pompei.
• Visit the Great Wall of China https://www.thechinaguide.com/destination/great-wall-of-china
• Virtually discover Yellowstone National Park https://www.nps.gov/yell/learn/photosmultimedia/virtualtours.htm
• Tour England through this 360 video.
• Go on a virtual field trip to Ellis Island.

If you have any question about the market please do not hesitate to contact me.
 

2. BC Property Transfer Tax Newly Built Home Exemption Qualifying buyers of new homes may be exempt from paying the PTT on a newly built home or newly subdivided unit priced up to $750,000 and a partial exemption on newly built homes priced $750,000 to $800,000. https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/exemptions/newly-built-home-exemption

3. BC Home Owner Grant Reduces property taxes for home owners with an assessed or partitioned value up to $1.65 million. The grant is reduced by $5 for each $1,000 above the threshold and eliminated at $1.764 million (basic grant) and $1.819 million (additional grant). The basic grant: • up to $570 for principal residences in the Capital, Greater Vancouver and Fraser Valley regional districts; • an additional grant of $200 to rural home owners elsewhere in BC; and • an additional grant of $275 to seniors aged 65+, those who are permanently disabled, and veterans of certain wars. Learn more. hogadmin@gov.bc.ca. 1-888-355-2700.

4. BC Property Tax Deferment Programs • Property Tax Deferment Program for Seniors: qualifying home owners aged 55+ can defer property taxes. • Property Tax Deferment Program for Families with Children: qualifying home owners who financially support children under age 18 can defer property taxes. Learn more. Vancouver: 604-660-2421. Elsewhere in BC:1-800663-7867.

5. CMHC First-time Home Buyers’ Incentive CMHC offers qualifying first-time home buyers with household incomes less than $120,000 a year and a five per cent down payment a 10 per cent shared equity mortgage for a newly constructed home OR a 5 per cent shared equity mortgage for an existing home. The buyer repays the incentive later or at re-sale. The incentive reduces the amount of monthly mortgage payments.

Learn more: https://www.cmhc-schl.gc.ca/en/media-newsroom/news-releases/2019/making-housing-more-affordable-first-time-home-buyer-incentive

6. Home Buyers’ Plan Qualifying home buyers can withdraw up to $35,000 (couples can withdraw up to $70,000) from their RRSPs for a down payment. Home buyers who have experienced a breakdown in their marriage or common-law partnership even if they are not first-time buyers and those  who have repaid their RRSP may be eligible to use the program a second time. Canada Revenue Agency. Participate in the Home Buyers’ Plan : https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t1036.html

7. GST/HST New Housing Rebate New home buyers can apply for a rebate for the five per cent GST if the purchase price is $350,000 or less. The rebate is equal to 36 per cent of the GST to a maximum rebate of $6,300. There is a proportional GST rebate for new homes costing between $350,000 and $450,000. There is no rebate for homes priced at $450,000 and above. Canada Revenue Agency. 1-800-959-8287.

8. First-Time Home Buyers’ Tax Credit (HBTC) Eligible persons who bought a qualifying home in 2018 can claim the home buyers’ amount of $5,000 on Line 369 of Schedule 1 when filing their 2018 income tax and benefit returns. For 2018, the maximum home buyers’ tax credit (HBTC) is $750, which is calculated by multiplying the home buyers’ amount of $5,000 by the federal non-refundable tax credit rate of 15 per cent (equal to the lowest personal income tax rate for the year). Learn more: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-369-home-buyers-amount.html

9. CMHC Mortgage Loan Insurance Premium Refund Provides home buyers with CMHC mortgage insurance, a 10 per cent premium refund and possible extended amortization without surcharge when buyers purchase an energy efficient home or make energy saving renovations. Learn more. 604-731-5733.

10. Home Adaptations for Independence (HAFI) A program jointly sponsored by the provincial and federal governments provides up to $20,000 to help eligible low-income seniors and disabled home owners and landlords finance modifications to their homes to make them accessible and safer. Learn More. 604-433-2218 or 1-800-257-7756.

11. BC Seniors’ Home Renovation Tax Credit Assists eligible seniors 65+ with the cost of eligible permanent home renovations to a principal residence to improve accessibility. The maximum refundable credit is $1,000 per tax year and is calculated as 10 per cent of the qualifying renovation expense (maximum $10,000). Forms are available online. Learn more: 1-800-959-8281.

12. Energy saving mortgages Some financial institutions offer special mortgages to home buyers/owners making homes energy efficient. For example, home owners may qualify for a BMO Eco Smart Mortgage™ or a TD Canada Trust rural property mortgage.

13. Low interest green renovation loans Financial institutions offer loans to home owners making energy efficient upgrades, for example, Vancity Home Energy Loan up to $50,000 and RBC’s Energy Saver loan offers one per cent off the interest rate for a fixed rate installment loan over $5,000 or a $100 rebate on a home energy audit on a fixed rate installment loan over $5,000. Visit your financial institution.

14. Clean BC Plan A new $679 million program of the BC Government provides a range of incentives including up to $6,000 for buyers of electric vehicles, and $2,000 to replace a fossil fuel heating system. Learn more.

15. Energy Efficient Buildings Incentives offered to households and businesses for installing high-efficiency heating equipment and building envelope improvements. A partnership of BC Hydro, Fortis BC and BC Housing. 

16. BC Hydro and FortisBC rebates to improve a home’s efficiency A wide range of rebates for heat pumps, insulation, draftproofing, hot water heaters, and a $300 bonus offer for making two eligible upgrades within 18 months. Learn more.

17. FortisBC new home energy rebate offer FortisBC and BC Hydro customers can receive rebates when building ENERGY STAR new homes or installing high-efficiency natural gas fireplaces. Learn more.

18. Home energy rebate offer BC Hydro and FortisBC offer home owners rebates for upgrades and improvements, including insulation, space and water heating systems and ventilation to reduce your energy bill. Includes a bonus offer for completing three or more upgrades. Total value of available rebates: up to $10,000. Learn more. More information. 1-877-740-0055.

19. Energy savings kits BC Hydro and FortisBC offer income-qualifying customers a free energy saving kit containing products to help save energy and money.

20. FortisBC Rebate for rental apartment buildings The Rental Apartment Efficiency Program for owners and managers of rental apartment buildings of nine or more units includes a new water-efficient shower head and kitchen and bathroom faucet aerator for each unit, an energy assessment and ongoing professional assistance. Learn more.

21. Join the Power Smart Team Become a member of Team Power Smart and start a challenge to reduce your electricity use by 10 per cent over the next year. If you’re successful you’ll earn a $50 reward. Learn more.

22. ENERGY STAR appliance rebates BC Hydro Power Smart and participating municipalities offer $100 mail-in rebates to home owners buying ENERGY STAR clothes dryers, and refrigerators. 

23. BC Hydro Power smart appliance rebates Clothes washers: $50 rebate; refrigerators − up to $100 rebate; clothes dryers up to $100 rebate. Learn more: 1-800-224-9376.

24. Climate action tax credit This BC government program gives eligible low- and middleincome families a tax credit of up to $400 in 2019, and up to $500 starting in July 2021 to offset BC’s carbon tax.          

25. Leaders in Energy Management Program Partners BC Hydro with large commercial, government and institutional customers spending $200,000 or more a year. Customers gain access to energy management programs, tools, and incentives. Learn more: 1-800-522-4713.

26. Business Energy Saving Incentives Provides financial incentives to organizations that replace inefficient technologies with energy efficient technologies. Learn more. 1-800-474-6886.

27. FortisBC rebate program for businesses For commercial buildings, save up to $500,000 for constructing high-performance, energy efficient commercial, multi-unit residential or industrial buildings; up to $1 million for industrial building energy-efficient upgrades.  

28. City of Vancouver Building Energy Retrofit Fund Program includes $1 million to support and expand programs that result in energy efficiency upgrades for buildings. Includes a Green Landlord Program to help non-market apartment building owners and operators reinvest in buildings and reduce energy costs. 

29. Rain barrel subsidy programs Metro Vancouver municipalities offer rain barrels for sale at a discount for residents: Richmond - $30; Burnaby - $100; Coquitlam - $60. Other municipalities may have similar offers.

30. Water saving kits Metro Vancouver municipalities offer water saving kits to reduce water use including Burnaby, Coquitlam, and Delta.

31. Local government water meter programs Municipalities may offer water metering, so you pay only for the amount of water you use. Burnaby (scroll down), Delta, Richmond, and West Vancouver have programs. Visit your municipality’s website and search ‘water meter.’

Metro Vancouver* saw modest home listing changes and steady demand in November.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,795 in November 2017, a 26.2 per cent increase from the 2,214 sales recorded in November 2016, and a 7.5 per cent decrease compared to October 2017 when 3,022 homes sold.

Last month’s sales were 17 per cent above the 10-year November sales average.

“We’re seeing steady demand in today’s market. Home buyer activity is operating above our long-term averages, particularly in our townhome and condominium markets,” Jill Oudil, REBGV president said.

There were 4,109 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2017. This represents a 30.6 per cent increase compared to the 3,147 homes listed in November 2016 and a 9.5 per cent decrease compared to October 2017 when 4,539 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,747, a 4.3 per cent increase compared to November 2016 (8,385) and a 4.3 per cent decrease compared to October 2017 (9,137).

“While we’re seeing more listings enter the market today than we saw at this time last year, we have a long way to go before our home listing inventory rises back to more historically typical levels,” Oudil said.

The sales-to-active listings ratio for November 2017 is 32 per cent, which is up three per cent since September 2017. By property type, the ratio is 15.9 per cent for detached homes (up one per cent since September 2017), 36.4 per cent for townhomes (down six per cent since September 2017), and 67.8 per cent for condominiums (up seven per cent since September 2017).

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,046,900. This represents a 14 per cent increase over November 2016 and a 0.4 per cent increase compared to October 2017.

Sales of detached properties in November 2017 reached 841, a 31.8 per cent increase from the 638 detached sales recorded in November 2016. The benchmark price for detached properties is $1,608,000. This represents a 6.1 per cent increase from November 2016 and a 0.1 per cent decrease compared to October 2017.

Sales of apartment properties reached 1,508 in November 2017, a 25.7 per cent increase compared to the 1,200 sales in November 2016. The benchmark price of an apartment property is $648,200. This represents a 23.9 per cent increase from November 2016 and a one per cent increase compared to October 2017.

Attached property sales in November 2017 totalled 446, an 18.6 per cent increase compared to the 376 sales in November 2016. The benchmark price of an attached unit is $805,200. This represents a 17.9 per cent increase from November 2016 and a 0.3 per cent increase compared to October 2017.