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Save up to $500


BC Property Tax Deferment: Save up to $500 Program and Its Benefits

Homeownership in British Columbia can be a rewarding investment, but with rising inflation and increasing costs of living, many homeowners are feeling the financial pinch. Fortunately, the BC Property Tax Deferment program offers a valuable solution to help ease the burden. This program allows eligible homeowners to defer their property taxes, potentially saving them up to $500 or more per year. Here’s how it works and how it can benefit those who qualify.

What is the BC Property Tax Deferment Program?

The BC Property Tax Deferment program is a low-interest loan program that helps homeowners defer their property taxes until they sell their home or transfer ownership. This means that instead of paying property taxes annually, eligible homeowners can defer these payments, giving them financial flexibility and relief.

Who Qualifies for the Program?

To qualify for the BC Property Tax Deferment program, homeowners must meet specific criteria, including:

  1. Age and Residency: The homeowner must be 55 years or older, a surviving spouse, or a person with a disability. For families with children, the homeowner must be a parent or step-parent of a child under the age of 18.

  2. Home Equity: The applicant must have at least 25% equity in their home based on the current assessed value.

  3. Principal Residence: The property must be the homeowner’s principal residence.

  4. Property Tax Account: The homeowner must have paid any previous year’s property taxes.

Benefits of the Program

  1. Financial Flexibility: By deferring property taxes, homeowners can free up funds to cover other essential expenses, such as home repairs, medical bills, or daily living costs. This is especially beneficial for those on a fixed income or dealing with unexpected financial hardships.

  2. Low-Interest Rates: The program offers a low-interest rate on deferred taxes, making it a cost-effective option compared to other types of loans or credit. The interest rate is simple, not compounded, which means it accumulates more slowly over time.

  3. Protection Against Inflation: As inflation drives up costs, deferring property taxes can provide significant relief. Homeowners can maintain their standard of living without the added pressure of high property tax payments.

  4. No Immediate Repayment: Deferred property taxes do not have to be repaid until the homeowner sells the property or it is transferred to a new owner. This long-term relief can help homeowners plan their finances more effectively.

  5. Easy Application Process: Applying for the program is straightforward. Homeowners can apply online or by mail, and once approved, the deferred taxes are automatically applied each year.

Real-Life Impact

Consider a retired couple living in Vancouver, where property taxes can be quite high. With their fixed pension income, managing yearly property taxes on top of everyday expenses can be challenging. By deferring their property taxes, they can save up to $500 or more annually, which they can use for healthcare, home maintenance, or simply to enjoy their retirement without financial stress.

Conclusion

The BC Property Tax Deferment program is an invaluable tool for eligible homeowners struggling with inflationary costs. It provides financial relief, helps protect against inflation, and ensures that homeowners can maintain their quality of life. If you or someone you know meets the eligibility criteria, it’s worth exploring this program to see how it can provide financial peace of mind.

For more information on how to apply and the benefits of the program, visit the BC Government Property Tax Deferment page. Don't let rising costs overwhelm you—take advantage of solutions that work and help you stay financially stable.

Let's Connect! Whether you're buying, selling, or just curious about the real estate market, I'm here to help. Sign up today for valuable insights, tips, and updates on the housing market, and let's embark on this exciting journey together!

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The Art of Moving

My Role as your Realtor in Guiding the Moving Process:

A. Advocating for my Clients' Best Interests: Maximizing Returns, Minimizing Risks

B. Educating my Clients on Market Trends, Property Values, and Neighborhood Dynamics

C. Providing Support and Resources for Decluttering, Staging, and Home Improvement

D. Negotiate all aspects of the sale, including price, closing costs, contingencies, repairs, and closing timelines. I will work to secure the most favorable terms for you while also being mindful of the buyer's needs and concerns.

E. Assessing Current and Future Needs: Functionality, Space, Amenities

F. Evaluating Long-Term Goals and Lifestyle Preferences

G. Researching Neighborhoods, Schools, and Community Services

H.Getting you into your new home.  I will negotiate on your behalf with the seller or their agent to secure the best terms for your purchase, including price, contingencies, and closing timelines.

It's ALWAYS very satisfying seeing my clients move into their new home.  It’s a privilege to get to know my clients, and their entire family throughout the process, and I'm grateful for the trust they place in me. Even though the professional relationship comes to an end, I'm always here for them should they ever need anything in the future.

 Let's Connect!: Whether you're buying, selling, or just curious about the real estate market, I'm here to help. Sign Up for valuable insights, tips, and updates on the White Rock South Surrey housing market, and let's embark on this exciting journey together!

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OPEN HOUSE SATURDAY MAY 18TH 2-4PM.

🌟 Welcome to the Carrington! 🌟 OPEN HOUSE 🌟

3BED,2BATH 2112SQFT, ROSEMARY HEIGHTS 55+ COMMUNITY.

Discover the charm of country club living in one of South Surrey's most sought-after 55+ gated communities. The Carrington offers a fantastic clubhouse and amenities, including tennis courts, a gym, outdoor pool and hot tub, lounge area with kitchenette, games room, and guest suite.
This meticulously maintained unit is nestled within the complex, offering a quiet retreat with a warm west coast beach feel, light colors, and an inviting atmosphere. The open-concept kitchen with family room, cozy fireplace, and eating area leads out to a lovely backyard, perfect for relaxing or entertaining.
Upstairs, you'll find a spacious master bedroom with a large walk-in closet and spa-like ensuite, along with two more generous bedrooms and a full-size laundry room.
The Carrington boasts an exceptionally maintained complex with a proactive Strata, ensuring peace of mind for residents. Plus, its central location means you're just minutes away from Morgan Creek Golf Course, HWY 99, and all amenities.
Don't miss out on the opportunity to call the Carrington home! Contact us today to schedule a viewing and experience the best of 55+ living in South Surrey.

🤝 Whether you're looking to buy or sell, we are here to make it happen.

📞 Reach out today at 604-240-8160!

💻 Explore further on my website:https://whiterockviews.ca/officelistings.html/listing.r2881710-93-15500-rosemary-heights-crescent-surrey-v3z-0k1.101713869

🤝

 Let's Connect!: Whether you're buying, selling, or just curious about the real estate market, I'm here to help. Sign Up for valuable insights, tips, and updates on the White Rock South Surrey housing market, and let's embark on this exciting journey together!

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Pier Camera

Click on the link to access the White Rock Pier LIVE Camera and view what is happening in Memorial Park, along the promenade & at the pier.  Live coverage of trains and activities happening down at White Rock Beach.

https://www.whiterockcity.ca/402/Pier-Camera

 Let's Connect!: Whether you're buying, selling, or just curious about the real estate market, I'm here to help. Sign Up for valuable insights, tips, and updates on the White Rock South Surrey housing market, and let's embark on this exciting journey together!


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When is the Best Time of Year to Buy a Home?

Choose the right time of year to look for a new home.

January is the best time to make an offer on a home. Not many buyers want to brave the cold to shop for a home, so prices are the lowest. Properties also take longer to sell. This means sellers are more likely to accept a lower offer.

Please go to the link below and see the quick search links for detached homes under 1.3K, or attached homes under 800K in White Rock South Surrey Neighbourhoods. Or feel free to create your own customized search!

YOU can also search Sold listings.  So you know what homes have been selling for in the neighborhoods you are most interested in.

https://whiterockviews.ca/home-buyer-search.html

🤝 Let's Connect!: Whether you're buying, selling, or just curious about the real estate market, I'm here to help. Subscribe to my channel for valuable insights, tips, and updates on the White Rock South Surrey housing market, and let's embark on this exciting journey together!

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Stop Paying Someone Else's Mortgage!

CMHC Incentive - Qualifying first time home Buyers ONLY Need 5% Down. 

So if you purchase a home for $450,000, you will only need to put down  $22,500.  Purchase for  $500,000 =  $25,000 down, etc...

First Home Savings Account - Qualifing First time home Buyers can contribute up to $8,000 yearly to a maximum of $40,000 towards a down payment.  Contributions are tax deductible.

HBP ( Home Buyers' Plan) Qualifying Home Buyers can withdraw up to $35,000 (couples up to $70,000) from their RRSP's for a down payment. Must repay within 15 years.  Eligibility to use the program a second time...

Reach out.  I woul love to help you make the right move, towards home ownership.  You can do it!

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Searching to purchase a pre-sale or new condo in White Rock?

White Rock, our little city by the city is growing up!  Literally, Many new high rise concrete development options are on the horizon.  

Know your options, time frames, deposit structures, amenitites... Are all very important factors to compare.

Altus

Soleil

Landmark

Monaco

To name a few..

If you are looking for a presale or a brand new condo, please reach out as I have a wealth of knowledge and can get pricing floorplans and navigate the process for you!  I am very passionate about where I live and helping people find the real estate investment that works best for them, is what I am privileged in doing.

I look forward to being of assistance. 

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What activity to expect when Listing your home

How many showings should I expect in the first week?

There have been plenty of showings during your home's first weekend on the market & lots of positive feedback.  Typically, the homes we see selling in the first weekend are in hot, walkable locations, near transit, and or perfectly marketed and purposely staged, highlighting the rooms functionality. 

Bottom line as with most things in Real Estate, there is no way to predict what will happen!

My best advice, as always, is to work with a trusted and experienced Realtor, who will price and stage your home well, make adustments when necessary and it WILL sell!

Thinking of selling and want to talk?  I am here & always happy to help.  I've been helping my clients successfully sell, stage & declutter their homes for the past 6 years, in many different scenarios.

I would love to be of assistance in getting your home ready to List!

Let's chat  604 240-8160

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NEW CONDO LISTING IN SURREY

Welcome HOME to this centrally located TOP floor 2 bed, 2 bath, & den CORNER suite. Featuring a large private balcony. Offering an additional 340+ sqft of extra living space. Completely separate & private from any other units. Inside you will appreciate a spacious home with loads of natural light from all the windows in this corner suite, 10 in total! Enjoy a functional kitchen with the kitchen-sink window looking out to the balcony space outside. The bright open concept living/dining room & den is very inviting. The primary suite is expansive with a door out to your balcony space. West facing so you can enjoy mountain & sunset views from your private top floor oasis. 1 parking space & 1 storage locker. PET friendly. Walkability is a 10! Open house this Sat. & Sun. Feb. 17th & 18th 1-3. Offered @574,000.


https://whiterockviews.ca/mylistings.html/listing.r2849195-403-13733-74-avenue-surrey-v3w-1b8.101029769

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