First Time Home Buyer Update and Get Out a Blank Piece Of Paper

First Time Homebuyer Refund Expiring Soon !

The clock is ticking on the BC First-Time New Home Buyers’ Bonus that was introduced earlier this year by the Province of BC. It is a one-time bonus payment worth up to $10,000 for first-time new home buyers in BC, but it expires March 31st, 2013. This means that in order to take advantage of this opportunity, home buyers will need to complete a new home purchase by March 31st, 2013.

ELIGIBLE FIRST-TIME NEW HOME BUYER

You will qualify as a first-time new home buyer if:

1. • You purchase or build an eligible new home located in B.C.;

2. • You, or for couples, you and your spouse or common law partner, have never previously owned a primary residence;

3. • You file a 2011 B.C. resident personal income tax return, or if you move to B.C. after December 31, 2011, you file a 2012 B.C. resident personal income tax return (you will not be eligible for the bonus if you move to B.C. after December 31, 2012);

4. • You are eligible for the B.C. HST New Housing Rebate; and

5. • You intend to live in the home as your primary residence.

ELIGIBLE NEW HOME

An eligible new home includes new homes (i.e., newly constructed and substantially renovated homes) that are purchased from a builder and that are owner-built. The bonus will be available in respect of new homes purchased from a builder where:

1. • A written agreement of purchase and sale is entered into on or after February 21, 2012;

2. • HST is payable on the home (e.g., HST will generally be payable if ownership or possession of the home transfers before April 1, 2013 – see further details below); and

3. • No one else has claimed a bonus in respect of the home.

Detailed breakdown here http://www.bcbudget.gov.bc.ca/2012/homebuyers/2012_First_Time_Home_Buyers_Fact_Sheet.pdf



For more information on how the New Mortgage Rule Changes affect you - call 604 536-3802 or 604 669-6006

Warm Regards,

Jared Dreyer - Dreyer Group Mortgage Team

Your Mortgage Professionals

604 649-5991

1-800-687-9020

www.dreyergroup.ca

clientservices@dreyergroup.ca

About Dreyer Group Smiles
Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.

Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.

About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business.

Copyright © 2008
BEST MORTGAGE RATES
2.99 % 5 Year Fixed Rate

Prime-.35% Variable 5

3.79% 10 Year Fixed
LIMITED TIME SPECIAL CONDITIONS APPLY - CALL to Book

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604 669-6006

1-800-687-9020



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All rates quoted are on approved credit.







10 Step Method to Achieve Your Goals



A must watch! Get a piece of paper and watch your goals for 2013 come true!



You Tube Brian Tracy






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What Is Your Success Indicator?

2013 is a Blank Book.

Write a Good One!

Hope you are all having a fantastic 2013 so far. In addition to an update on the Bank of Canada rate, this week I want to share with you the Success Indicator Chart as well as a comparison of the average MLS home prices, by province, for November 2011 compared to November 2012. Hope you have a super rest of the week and feel free to call anytime - we're always here to help!
BANK OF CANADA UPDATE

The Bank of Canada today once again held it’s overnight rate at 1% in reaction to a continued weaker than expected economy. Furthermore they indicated that rates would continue to remain low for all of 2013 with a potential increase in 2014. Chief Economist, Cameron Muir of BCREA commented: “The Bank has revised its estimate for economic growth in 2012 lower, to 1.9 per cent, and now forecasts 2 per cent growth in 2013 before an acceleration to 2.7 per cent in 2014. Importantly, the Bank has also shifted its expectation that the economy will reach full capacity out to the second half of 2014. On inflation, the Bank expects growth in consumer prices to run significantly below its 2 per cent target for much of 2013 before gradually rising to target in 2014”.

So there you have it. Continued low rates for the foreseeable future. This news however does not mean you need to rush into a variable rate mortgage. Rates are anticipated to go up, so if you lock into a current low 5-year term that fits within your budget, you will be hedging yourself against potential rising interest rates next year. As always, everyone’s situation is unique. Our team can do a quick analysis and offer options that will secure you the lowest mortgage rate and help you to pay off your mortgage sooner. Call Us 604 536-3802 Vancouver 604 669-6006 Toll Free 1-800-687-9020



SUCCESS INDICATOR CHART



In the picture above and below is an interesting chart/list I came across recently. The Success Factor Indicator was created after MaryEllen Tribby - Accomplished US CEO - worked with some of the smartest, most successful enraptures in the US. After observing and interviewing them for many years, she compiled a list of characteristics, traits and behaviours of successful vs. unsuccessful people.



Life is not static, and none of us are perfect but these kinds of reminders help us all identify where we need to improve and strive for better relationships, quality of life and success in business. I hope you enjoy it!



The Success Factor Indicator



Successful People

• Have a sense of gratitude

• Forgive others

• Accept responsibility for their failures

• Compliment

• Read everyday

• Keep a journal

• Talk about ideas

• Want others to succeed

• Share information and data

• Keep a "to-be" list

• Exude joy

• Keep a "to-do/project" list

• Set goals and develop life plans

• Embrace change

• Give other people credit for their victories

• Operate from a transformational perspective



Unsuccessful People

• Have a sense of entitlement

• Hold a grudge

• Blame others for their failures

• Criticize

• Watch TV everyday

• Say they keep a journal but really don't

• Talk about people

• Secretly hope others fail

• Horde information and data

• Don't know what they want to be

• Exude anger

• Fly by their seat of their pants

• Never set goals

• Think they know it all

• Fear change

• Take all the credit of their victories

• Operate from a transactional perspective



Find out more about MaryEllen Tribby

Average MLS Resale Price for Local Markets

City November 2011 November 2012

Halifax $ 262,714 $ 266,740

Saint John $ 159,101 $ 168,623

Quebec $ 250,918 $ 260,783

Montreal $ 323,011 $ 333,324

Ottawa $ 347,675 $ 350,211

Toronto $ 480,421 $ 485,328

Hamilton/Burlington $ 342,005 $ 369,201

Winnipeg $ 236,127 $ 263,786

Saskatoon $ 307,023 $ 330,125

Regina $ 273,243 $ 309,219

Calgary $ 398,722 $ 413,921

Edmonton $ 319,559 $ 331,526

Vancouver $ 728,118 $ 682,215

Victoria $ 499,676 $ 491,326

Government of Canada Bonds

Bond Type November 21, 2012 December 5, 2012 December 19, 2012

1 year Treasury Bill 1.07% 1.05% 1.10%

3 year Benchmark

Bond Yield 1.19% 1.11% 1.22%

5 year Benchmark

Bond Yield 1.34% 1.26% 1.40%

10 year Benchmark

Bond Yield 1.76% 1.68% 1.84%

Source: Bank of Canada

Bank Lending Rate

October 24, 2012 3.00 %

December 5, 2012 3.00 %

January 23, 2013 3.00%

Exchange Rate $CDN($US)

November 28, 2012 1.0082

December 19, 2012 1.0120

December 31, 2012 1.0051





For more information on how the New Mortgage Rule Changes affect you - call 604 536-3802 or 604 669-6006

Warm Regards,

Jared Dreyer - Dreyer Group Mortgage Team

Your Mortgage Professionals

604 649-5991

1-800-687-9020

www.dreyergroup.ca

clientservices@dreyergroup.ca











________________________________________

About Dreyer Group Smiles



Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.

Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.





About Dreyer Group Mortgages, A Member of the VERICO Brokers Network



As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.





Each VERICO member is an independently owned and operated business.

Copyright © 2008





BEST MORTGAGE RATES



2.99 % 5 Year Fixed Rate

Prime-.35% Variable 5

3.79% 10 Year Fixed



LIMITED TIME SPECIAL CONDITIONS APPLY - CALL to Book

604 536-3802

604 669-6006

1-800-687-9020



More Rates



Email me now with the next person you know that needs financing



All rates quoted are on approved credit.







Guess how much the most expensive home in the world costs?



Only $1 Billion! The Antilla Mumbai is a 27-floor personal home in South Mumbai belonging to businessman Mukesh Ambani, chairman of Reliance Industries. A full-time staff of 600 maintains the residence!





Download Dreyer Group on Your Mobile Device



Mortgage Payment Calculator



Income Qualifier



Purchase Finance Calculator



Get an Instant Hold and Quote for Your Client



Access Quick App to get your clients approval going



Blackberry and iPhone compatible.



Simply link here






Follow me on twitter






Follow my financial blog






Follow me on Facebook

For ticket holders and dignitaries only - why I felt cheated by "Steam on the Underground"

‘The events’ writes the Transport for London's (TfL) website ‘will explore the tube’s history and will look at the role it will play in the future – both in the lives of Londoners and the economy of the City and the UK.’ We have repeatedly been told that London’s underground network is the lifeblood of the city; flowing into the veins of all who live and work here. We have been told that it serves us, that it functions for our benefit, through times of happiness and joy; and through sorrow and heartache. This does, therefore, lead me to ask why one of TfL's events, the running of steam on the Underground, was seemingly so poorly orchestrated that there was no hope that most Londoners could get a descent look-in.

I’m not talking about the lottery for tickets to ride on the steam train. There were limited spaces and this was probably the fairest way to decide who got to go on the historic run. Nor am I talking about the success of getting a steam engine running on the underground in the first place; that is a notable achievement. Rather, I am talking about the chronic lack of information available; the very un-friendly provisions for families and the arrangements for viewing the train at Moorgate.

Enthusiasts at Earl's Court

 The underground’s website suitably praised TfL’s operation of a historic train; except that crucial of all information, the route and times of its journey. Nether was their information on the best places to see it. I knew, as did almost every railway enthusiast, which rather obscure website held such information. But imagine if I were a parent wanting to take my children to see the run, would I have known which website to go? I don’t think so; I don’t think many would have known how to find the times out. Consequently, at the stations I visited it was clear that the railway enthusiast fraternity had turned out in droves; while ‘Londoners’, young and old, were in short supply. Why the times were not on the main TfL site (or if it was it was very well hidden) is beyond me.

TfL also probably made a windfall out of the steam train’s journeys. This wasn’t because of the £180 it cost to ride on it, that presumably covered the cost of operating the train. I’m referring to all those who ‘touched in’ with their Oyster cards, but failed to touch out in time because they were waiting around for the steam train, meaning money was subtracted from it. Suffice to say I got stung twice. I topped up my Oyster like a good little lad at Hampton Court; I usually top it up to the price of a travel card, so I had £8.90 when I left there. But after being inside Earl’s Court Station waiting for the steam engine for about an hour, on attempting to leave I was told I had no money. I queried this, but eventually put it down to some fault in the system and topped up again. Yet, when the same thing happened on attempting to leave at Barbican, after being ‘inside’ the tube for about two hours - it was only then I twigged. I appreciate I should have been more astute and figured this would happen; after all, I travel on the tube weekly. But what about the uninitiated; someone who was unfamiliar with Oyster cards and visiting to specifically see the train? I dread to think how much TfL made out of such people who made the same mistake I did. Yet, people could have avoided such a blunder if TfL had simply placed a mention on their website and at stations ‘Do not use an Oyster if planning to stay in the station for some time – use a paper Travelcard.’ Would this have been so hard?

I probably got one of the best views - still dreadful though

But then there was what happened at Moorgate. Now, I know that a lot of people wanted to get to the steam train to have a look, but the way that the situation was handled was verging on the infuriating. For those who are unaware; Moorgate has two terminal platforms. When I arrived behind the barrier, TfL had decided to put the steam train in one of these and then had shoved a tube train, completely obscuring mine and others view, in the next. This was followed by at least 45 minutes of very mixed messages from different officials and police officers as to whether the tube train would move – at first it was going to; but then it didn’t; although we weren't certain of that for some time. Following this the dignitaries who had just got off the steam train came round in front of us, wandered up and down the stationary tube, and then left by another train that had arrived on a platform we were on.

Still our view was obscured. I heard a mother with three children, one of the few families I saw there, say ‘this whole thing has been organised against children’ – a sentiment I couldn’t disagree with; especially as she was unsure whether her two boys would get a look at the steam train. Eventually, we were let on the stationary tube so we could peer through the windows at the piece of railway heritage on the next line. It was ridiculous really. You weren’t able to take descent photos because of the glare from the glass; you weren’t able to even see much because of the people cramming by the windows; and awe and wonder was in generally short supply. Then, I heard the crying from down the train; one of the children who had waited couldn’t see it.

No way to see much, if any of the steam train.

The steam train was only at Moorgate for about an hour and half. Would it have been so hard for TfL to cordon of one side of the platform for that short time, have the barrier patrolled, and remove the tube train so that all, not just dignitaries, could see the steamer in all its splendour? Would that have been so hard? In the end I came away with numerous blurry photographs and lots of reflection from the window. Unsurprisingly, most around me had exactly the same grumble.

All in all, a steam engine on the underground was a wonderful thing; and those who got the special service running should rightfully be congratulated. But I am sorry to say that as someone who has paid for the journey through may underground fares, who loves the tube and is interested in railway history, it seemed that unless you were lucky enough to have a ticket to ride or were a dignitary, you were a burden to TfL; not worthy of suitable attention or information. Overall, I came away feeling cheated; I had paid £18.90 topping up my Oyster, had waited over four hours in the cold, all for limited return. Therefore, TfL take note; you claimed this event was for those who live and work in London; yet you created a reality that was quite different.