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Bench in fall in Legacy Calgary Community

The Rise of Downsizing & Maintenance-Free Living

There are many factors that contribute to the increasing appeal of downsizing for homebuyers. When you think of downsizing, you think less space; but really the opportunity to declutter and focus less on maintenance can make your life considerably less stressful. Not to mention, it’s a very smart financial decision when you don’t need all that extra room. More and more homebuyers are looking towards affordability with uncompromisable quality and convenience. That lock and leave lifestyle with maintenance-free living is…

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Lake Kalamalka view from Ridges on Middleton

BC Adjusts Property Transfer Tax

The new housing affordability measures were announced recently in Burnaby, creating big changes. Effective February 17th 2016, the purchase of a qualifying new housing unit valued up to $750,000 will be exempt from the Property Transfer Tax (PTT). This is a significant savings when buying a new home. For example, if you purchase a new home at a price of $400,000, you will be exempt from paying the $6,000 in property transfer tax.   The tax structure change has being…

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