THE B.C. FIRST-TIME NEW HOME BUYERS BONUS

Subject to approval by the legislature, the B.C. government intends to implement a temporary BC First-Time New Home Buyers’ Bonus. Effective February 21, 2012, to March 31, 2013, the bonus is a one-time refundable personal income tax credit worth up to $10,000.

New Home Buyer's Bonus 'Summary':
- Only applies in British Columbia
- 5% of the purchase price to a maximum of $10,000 bonus payable
- Applies only to purchase of
new construction or substantially renovated property
- Funds sent directly to buyer upon approval (unlikely to be received prior to completion so may not be able to use for down payment)
- Applies to fewer people but big bonus if qualified
- All
buyers must be first time home owners, anywhere, ever

Further details
First Time Home Buyers Tax Credit

Homebuyers Bonus vs First Time Buyers Tax Credit... don't get them mixed up!

Is your mortgage a finely tuned athlete or is it in need of a quadruple bypass? Find out here!

Are you a ‘repeat’ or ‘first time’ buyer? Need help calculating your down payment? Get prepared for your next purchase!

Re-finance is not a bad word! Reduce your rate, lower your payment, consolidate high interest debt.

BOC Prime Rate
3.00
Line of Credit
3.50% (P+.50%)
VRM 2.40% (P-.60%)
1 Year
2.89%
2 Year
2.34%
3 Year 2.69%
4 Year
2.77%
5 Year
2.94%*
7 Year
3.79%
10 Year
4.39%
Rates as of August 21st, 2014
*Some conditions may apply to above rat
es.