bc government | Troika

3 TIPS FOR USING ‘THE BIG BC 3’ TO YOUR ADVANTAGE

Posted by | Development Features, News | No Comments

You’ve seen the headlines. Housing affordability is further out of reach than ever before. That sounds grand for the slim few taking advantage of this ‘buyer’s market’. However, it doesn’t fair well for the larger majority, who are qualified, and eager to secure a piece of the ownership pie. In a delicate attempt to re-balance the market, BC has introduced a few new laws every house hunter should understand. We’ve got you covered. Navigate ‘The Big BC 3’ to make home ownership work for you with a few easy tips.

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christy clark

Interest Free Down Payment Loans in British Columbia

Posted by | News | No Comments

The B.C. Government has just announced that it will offer down payment loans to first time home buyers to help with the purchase of homes up to $750,000. The 25 year loan will cover up to 5% of the purchase price for a maximum of $37,500, and is interest free and payment free for the first five years.

What does this mean for BC Real Estate Buyers?

This makes home ownership a little easier for those who can afford their mortgage payments, but struggle to come up with the down payment. The maximum purchase price that qualifies for the loan is $750,000, and with homes starting at $550,000, West Harbour is a great place for you to start your search for your dream home. Contact West Harbour today to see the amazing lifestyle you can afford!

For more information and eligibility, read the CBC article here.

Photo courtesty of Adrian Wyld/Canadian Press.