Can I use my RRSPs for my down payment?

 

One way to add to your down payment amount is to tap into your RRSPs. While it’s true that normally you’d probably pay penalties and income tax on any RRSP withdrawal, there is an exception to the rule. As a first-time homebuyer, you may withdraw up to $25,000 ($50,000 per couple) from your RRSPs under the Home Buyers’ Plan. These funds can be used to increase your down payment and are not counted as income and subject to income tax. But there are some conditions attached that you should be aware of:

-          The amount withdrawn must be repaid within 15 years from the date of withdrawal.

-          You must purchase your home by October 1st in the year following your withdrawal.

-          You must start repaying your withdrawal in the second year after your withdrawal.

-          Repayments are not tax-deductible.

For complete details please visit the Canadian Revenue Agency website.

 

Because YOU Deserve the Best

 

Post CommentComments: 0Read Full Story

Here we are (well, officially tomororw), summer!

 

 

Here is one of my family favourite's for parties and bbq's throughout the season ...

 

 

Don't forget to join the fun in Langley tomorrow for their Community Day!

 

Wishing you a WONDERFUL summer!

 

Because YOU Deserve the Best ...

 

Post CommentComments: 0Read Full Story

Honey Stop The Car!

 

What an AMAZING Home in Murrayville!

 

 

Great for First Time Home Buyers or perhaps the couple that wants to downsize!

 

 

Spacious, cozy, bright and did I mention ready to move in!

 

 

Freshly painted with updated kitchen -- stainless steel appliances and laminate flooring throughout the main floor. Three bedrooms upstairs, lovely size master bedroom and ensuite with a walk-in closet.

 

 

This is a South-West facing unit with semi privacy; boasts a private patio that has been nicely fenced in for small children or pets.

 

This home is situated in the heart of Murrayville, which is a great family area as it is close to wonderful schools.

 

Well maintained strata you can tell people care where they live in this quaint little townhome community.

 

Click here for all the details on this amazing new listing and Call Today for your Private Tour!

 

 

Post CommentComments: 0Read Full Story

Here is a wonderful read from the Province newspaper:

 

 

First-time homebuyers Kristine and Tom Rajkowski felt sheer joy last week as they moved into the Surrey community of Clayton Heights.

 

“We’re ecstatic,” says Kristine, surrounded by moving boxes. “This morning, we were jumping up and down. We’re homeowners, we couldn’t believe it.”

 

The Rajkowskis, both in their early ’30s, paid $617,000 for a 3,275-square-foot detached house built in 2009.

 

A few months ago, the Rajkowskis were feeling anything but ecstatic. They loved Clayton Heights but had trouble finding the right property.

 

There always seemed to be someone ahead of them for homes within their financial reach.

 

“Every time we saw a house we liked in this area there was already an offer on it,” Kristine says. “It was a little frustrating.”

 

Wondering where B.C.’s housing hot spots will be over the next few years?

 

As Surrey residents, the Rajkowskis are living in what experts say is the Lower Mainland’s hottest real-estate market.

 

Communities such as Clayton Heights, Cloverdale and Fleetwood are hot and expected to stay hot in the near future as buyers seek affordable housing near family-friendly services.

 

Other areas expected to see brisk demand from buyers over the next few years are Burnaby’s Brentwood, the Tri-Cities and Fraser Valley communities of Langley, Maple Ridge, Pitt Meadows and Abbotsford.

 

In Vancouver, urbanites who prize city living are pushing up demand in the Main Street, Outer Hastings and East Vancouver’s Cedar Cottage neighbourhoods, says Tsur Somerville, director of the University of B.C.’s Centre for Urban Economics and Real Estate.

 

I'm happy to say I can service all of these Lower Mainland area for you, to find you the BEST possible home for you and your family or situation.

 

You can read the full article here.

 

Because You DESERVE the Best

 

Post CommentComments: 0Read Full Story

Langley Arts Council has been awarded a B.C. Arts Council grant of $21,446, MLA Mary Polak announced.

 

 

“The Langley Arts Council enriches the lives of so many,” said Langley MLA Mary Polak in announcing the funding. “The staff and volunteers deserve tremendous credit for nurturing local talent and creativity for people of all ages.”

 

“Langley is a vibrant and creative community, and the assistance we receive from the BC Arts Council helps us showcase the value of arts and culture,” said Harmony Thiessen, executive director Langley Arts Council. “People value creative expression very close to their heart.”

 

The funding comes from $24 million that the B.C. Arts Council received from the provincial government to support artists, arts activities, and culture in the 2013-14 fiscal year.

 

As B.C.’s lead agency for arts funding and development, the B.C. Arts Council enlists the expertise of the province’s artists to evaluate grant applications through a peer review process independent of government.

 

Established in 1995, the B.C. Arts Council consults with the arts and culture community to develop policies, programs and strategic priorities for the sector. Last year, the Council approved more than 1,000 grants in more than 200 communities in every region of the province.

 

The provincial government is providing $24 million to the B.C. Arts Council this year, the highest funding level in the council’s history.

 

Overall, it is investing $60 million towards B.C.’s artists, arts organizations and cultural institutions during the 2014-15 fiscal year.

 

For more information about the B.C. Arts Council, including information on how to apply for grants, visit BCArtsCouncil.ca.

 

Post CommentComments: 0Read Full Story

Honey Stop The Car!

 

EXCELLENT revenue property or perfect for 1st time buyers!

 

This lofty condo has 2 bdrms with the potential for a 3rd bedroom in the loft space. It is a professionally managed complex where you can walk to all amenities including, Price-Smart Groceries, Starbucks, liquor store,dental/medical offices & assorted boutique shops. Bus access at your door. Great commuter access via Fraser Hwy. Here's another bonus: Pets Allowed (with a size restriction).

 

You can see all the details on this Langley listing here.

 

 

 

 

 

I would love to work with you because YOU Deserve the BEST!

 

 

Post CommentComments: 0Read Full Story

Honey Stop The Car!

 

Snuggled in Walnut Grove is this wonderful affordable family oriented complex. This wonderful end unit is cozy and comfy and has a nice private patio, gas fireplace for the cool fall or winter evenings.

 

This two bedrooms 2 full bathroom townhome has a new roof (2009), new light fixtures, as well as a newer hot water tank.

 

It's in a GREAT location where you can walk to school, shops, library, the rec center, etc.  It has quick access to the freeway as well as the Golden Ears Bridge.

 

 

You can see the entire listing by clicking here.

 

Call for your personal tour today at 604-832-8229!  I look forward to working with you!

 

Post CommentComments: 0Read Full Story

It's Labour Day already!  Hard to believe the summer is over and we're about to start another season of school, activities and the busy-ness of life all over again.

 

Here is what is happening in the Langley/Fort Langley area this weekend:

Fort Farm Fest

August 31 - Sept. 1, 10 am - 5 pm


Fort Farm Fest
© Parks Canada

Explore the heritage garden and feed the farm animals at this authentic Hudson's Bay Company fort. Built in 1827, Fort Langley's workers operated a 2000-acre farm. Watch a barrel making demonstration, the container of choice for exporting butter and potatoes! Compete in the farm relay and watch farm-related demonstrations. Regular admission fees apply; free for annual pass holders.

 

You can get the full schedule by clicking here.

 

 

I'd like to wish you and yours an amazing long weekend ... and I will see you next week!

 

Post CommentComments: 0Read Full Story
Categories: #icebucketchallenge | #RCBD | 2014 | 2014 Elections Langley | 2014 Trends | 35792 Canterbury Avenue | 3676 Bluejay Street | Abbotsford | Abbotsford BC | Abbotsford East, Abbotsford Real Estate | Abbotsford Listing | Abbotsford Listings | Abbotsford PD | Abbotsford Real Estate | Abbotsford West, Abbotsford Real Estate | Aberdeen, Abbotsford Real Estate | Acreage | Affordable Housing | Aldergrove | Aldergrove Langley, Langley Real Estate | ALS Ice Bucket Challenge | anti-bullying | Autumn home care | Autumn Time Change | availability | Average home price | Bank of Canada | Bank of Canada Rate | BC | BC Budget | BC Commercial Leading Indicator | BC Commercial Leading Indicator Rises | BC election | BC Historic and Heritage Sites | BC housing | BC Liberals | BC Lotto Max | BC mortgage rates | BC Real Estate news | BCREA | BCREA Housing | BCREA Housing Market Update | BCREA Mortgage Update | BCREA Update | Bear Creek Green Timbers, Surrey Real Estate | Beautiful BC | Before You Start House Shopping | Benchmark home price | British Columbia Consumer Debt Study | Brookswood Langley, Langley Real Estate | Budget | buy and sell online | Buyers Agent | Buying a Home | CAAMP | Campbell Valley, Langley Real Estate | Canada Day 2014 | Canada Day Celebrations | Canadian Investor Immigrant Program | Canadian Mortgage Rates | Canadian Real Estate Magazine | Canadian Real Estate Wealth Magazine | Canadian Realtors | Canadian Remembrance Day | Canadian stock market | Canadian stock market index | Canadian Thankgiving | Canadians | Central Abbotsford, Abbotsford Real Estate | Chad Kroeger | Chad Kroeger House for Sale | Change is in the Air | Chicken Wing Lollipops | Children's Miracle Network | Chilliwack | Chilliwack E Young-Yale, Chilliwack Real Estate | Chilliwack Listing | Christmas | Christmas entertaining | Christmas Events | Christmas ideas | CIIP | Clayton, Cloverdale Real Estate | Cloverdale BC, Cloverdale Real Estate | Cloverdale Rodeo | CMHC | co-buy | Co-Own a Home | Co-Ownership | Colonial Home | condo | Considering Co-Ownership | Contest | Cottage Homes | Country Lane Estates | CREA | credit score | Customer Appreciation | Customer Appreciation Night | DIY Christmas | Downpayment | downsizing | Downtown Vancouver | Earth Day 2013 | East Abbotsford | Easter Weekend | Economics Now | entrepreneur | Estate Sale | EXCELLENT Revenue Property | Fab Forts Day | Fall Back | Fall Back 2013 | Famous Real Estate Quotes | Finances | Financial Post | First Time Buyers | First Time Home Buyers | First Time Homebuyer | Fort Langley | Fort Langley BC | Fort Langley, Langley Real Estate | Fraser Health Authority | Fraser Valley | Fraser Valley Real Estate | Fraser Valley Real Estate Board | Fraud | FSBO | FVREB | FVREB Market Update | Garibaldi Lane | Garibaldi Lane Abbotsford | get pre-approved for your mortgage | Getting the BEST Price for Your Home | Government Relations Committee | GVREB | Halloween | Happy Canada Day | Happy Holidays | Hatzic, Mission Real Estate | HGTV | History of BC | History of Labour Day | Holiday | Holiday decorating | Holiday recipes | Holidays | Home Inspectors | Home Staging | Home Staging that Sells | HomeLife | Homelife Benchmar | Homelife Benchmark | Homelife Benchmark Listing | Homelife Benchmark New Listing | HomeLife Benchmark Realty | HomeLife Benchmark Realty Walnut Grove | Hootie Johnston | house hunting tools | House Price Index | House Rich | Household debt | How Often Do You Unplug | how to buy a home | How To Prepare for an Open House | HPI | Imani Orphan Care | In Flanders Field | Interest Rate | Interest Rates | internet marketing | Investing in Canada | Just Reduced | Labour Day | Labour Day Weekend | Langley | Langley Arts Council | Langley BC | Langley City, Langley Real Estate | Langley Condo | Langley Listing | Langley long weekend activities | Langley Real Estate | Langley Tourism | Langley, BC | Large Open Concept Classic Elegance | live like a rock star | Long Weekend Activities | Lotto Max | Lower Mainland Real Estate | Lyoness | Market Update | market value | Mashable | Matsqui, Abbotsford Real Estate | May election | May long weekend | Median home price | Merry Christmas | Michele Cartwright | Michele Cartwrigt | micro-condo | Mission BC, Mission Real Estate | Mission-West, Mission Real Estate | Month of Miracles | Monthly Housing Market Update | Mortgage | mortgage information | mortgage news | Mortgage Rate Update | mortgage rates | Mortgage Update | Mother's Day | Mothers Day | Murrayville | Murrayville, Langley Real Estate | negotiating your mortgage in vancouver | New Listing | New Listings | New Year's | New Year's Resolutions | Nordel, N. Delta Real Estate | online marketing | Open House | paperless | pink shirt day | Pinterest | Polygon Homes | Port Kells | Port Kells Listing | Port Kells, North Surrey Real Estate | Postage Increase | pre-approval | pre-approved mortgage | price update | productive | productivity | Property Transfer Tax | PTT | Pumpkin Giveaway | Pumpkins | Quality of Life | RateHub.ca | RBC | RBC Economics | RBC Economics Update | Real Estate | Real Estate Agent | Real Estate Board of Greater Vancouver | Real Estate Fraud | Real Estate Investing | Real Estate Quotes | real estate terms | Real Estate Trends | Real Estate Update | REALTORS Care | REALTORS Care Blanket Drive | REALTORĀ® | REBG | REBGV | REBGV Housing Market Update | REBGV Market Update | refinancing your mortgage | REIN | REMAX | REMAX Agents | REMAX LIttle | REMAX Little Oak | REMAX Little Oak Fort Langley | Rememberance Day 2013 | Remembrance Day | Rental Income | REW | rew.ca | RRSP | Safety First | sales psychology | Salmon River, Langley Real Estate | Sands & Associates | Sapperton, New Westminster Real Estate | Sardis East Vedder Rd, Sardis Real Estate | Saving Money | Season's Greetings | Sellers Guide | Selling your home | Set Apart from the Rest | Size Matters | Social Media | spring break | Spring has sprung | Spring time | Spruce Up Your Home for Sale | Summer | summer holidays | summer real estate market | summer vacations 2014 | Surrey | Surrey BC Listing | Sweepstakes | technology | temporary solutions | temporary storage solutions | Thanksgiving | The Wealthy Barber Returns | Time Change | Top Reasons Why You Should List Your Home During the Holidays | Tourism Abbotsford | townhouse | Township of Langley | U.S. Government Shutdown | United Way Spirit Awards | Vancouver | Vancouver closet rentals | Vancouver Home & Design Show | Vancouver house rentals | Vancouver housing prices | Vancouver Real Estate | Vancouver Real Estate Market | Victoria Day | Victoria Day Long Weekend | Walnut Grove | Walnut Grove Langley | Walnut Grove, Langley Real Estate | Welcome to Langley | West Abbotsford | West Abbotsford Listing | White Rock BC | White Rock property | Whonnock, Maple Ridge Real Estate | Willoughby Heights, Langley Real Estate | Willowbrook Mall Langley | Winter | Winter House Prep | Year End Housing Market Update | Year End Report
Categories