RSS

New Federal mortgage regulation changes for buyers with <20% down and non-residents come into play Oct 02/2016,  Oct 17/2016 and Nov 30/2016. Changes include:

1. Higher qualifying rates ("posted" rates vs. "discounted" rates)
2. Changes to principal residence Capital Gains exemptions for non-residents 

Net effect: Buyers with <20% down will qualify for less & non-resident Sellers will need to look closely at the tax implications of selling their properties.

Contact Kyle (778.847.3325; kyle@kyleroman.com) for more information.

#VancouverPropeties #VancouverRealEstate #CanadianRealEstate #mortgagechanges #vancouvercondos #vancouverhomes #BuyVancouverNow

 

More analysis and details: http://tinyurl.com/h64vtaq & http://www.fin.gc.ca/n16/data/16-117_2-eng.asp

 

Read
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.