Manage episode 230321769 series 2095482
In this weeks episode Ben & I discuss a the two main Vancouver Real Estate interests in the 2019 Federal Budget. You guessed it, these two interests pertain to Vancouver First time Home Buyers...
The first is a $10k bump up in the allowable RRSP deduction limit for a Deposit on your first home.
The second is an "equity Stake" that CMHC can take in your property (5% on used Property / 10% on new built property). However the details around this is not yet that clear and this offering is not available until September of this year. We hope there is a lot more clarity to come with regards to this aspect of the incentive.
If you have any questions with regards to either of these two points or any other First time Home Buying questions lease don't hesitate to contact us directly at your convenience at the details below!
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