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
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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!





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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.

Counting customers - railway traffic before Christmas in the 1800s

There is no doubt that the four or five days before Christmas are some of the busiest for Britain’s railways as people travel home to see their friends and relatives, or return bleary eyed from Christmas parties and gatherings. No doubt the flooding in Britain has reduced the number of trains running in the period this year. However, nationally, 22,247 trains were scheduled on the 21 December; 20,436 on the 22^nd; 11,588 were supposed to run yesterday and 18,968 are due to run today.^[1] Most Train Operating Companies have not supplement their regular scheduled services,^[3] Chiltern being the only one.^[2] Thus, with largely regular Saturday and Sunday timetables in operation on the 22^nd and 23^rd December, and with trains stopping early today, many passengers will feel like they have travelled in tin cans by the end of the festive season.

However, it is no comfort to say so, but crowded trains are what the Christmas passenger has experienced for over a century. In the nineteenth century particularly, the various railway companies provided the press with a plethora of data on their Christmas traffic. In the days after the 25 December how many passengers to and from stations were commonly mentioned in newspapers, especially as the numbers usually grew each year. 

The number of passengers who travelled in the festive period from London via the Great Western Railway (GWR) perfectly shows this growth. In 1895 the number booked at the company’s City and West End Offices and London Stations between Friday 20 December and Thursday 26 December at noon was 40,750. This was an increase on 1889’s total of 37,000. Indeed, in 1895 5,953 passengers travelled from Paddington on Saturday 21 December; with 8,992 being conveyed on Christmas Eve.^[4] Therefore, with Christmas passenger numbers increasing so rapidly year on year, it is quite possible that individual travellers found themselves progressively squeezed as the railways struggled to keep pace with the changing demand.   

However, as we are currently told passenger numbers in this country continue to grow, it would be interesting to see this year whether the 374 and 307 trains scheduled leave Paddington on the 21 and 24 December respectively are on average they are more packed than those on the same day in 2011. ^[5]

But passenger data was not the only information the newspapers featured; and the amount of parcels handled by stations also appeared alongside it. Those passing through the London and North Western Railway’s Euston Station were of particular interest and, as I related in a blog post last year, special arrangements were established there in the 1840s to handle this vast and growing traffic. Statistics have been found which show that number of parcels arriving at Euston in the three days before and the morning of the 25 December grew most years. They were as follows:

1848 - 12,000 [6]

1849 - 15,000 [7]

1850 - 10,000 [8]

1851 - Inward and Outward: 40,000 (figures for the week before Christmas) [9]

1852 - 12,000

1853 - 12,500 [10]

1864 - 17,000 [11]

Therefore, by digging into nineteenth century newspapers we can gauge how the railways became an integral part of Christmas for Victorians; performing the same function as do for passengers today, through taking them from home to merriment and delivering them all they needed for Christmas cheer.

Much thanks must go to Tom Cairns for the data he provided on current train operations.

A Very Merry Christmas

My other Christmas posts are as follows:

'Pretty Festoons of Holly Leaves Are Displayed' - The Decoration of Railway Stations Before 1900

"Christmas fare from the provinces" - Euston Station and the Distribution of Festive Goods in the 1840s

"An EXTRA TRAIN will leave Shoreditch" - Trains on Christmas Day before 1900
A Victorian 'Railway' Christmas - Parcels, Pastimes, Profit and Poetry

---------

[1] Data kindly provided by Tom Cairns http://realtimetrains.co.uk and Twitter: @swlines

[2] http://www.nationalrail.co.uk/service_disruptions/seasonal/Christmas_2012/index_custom.html

[3] http://www.nationalrail.co.uk/service_disruptions/seasonal/Christmas_2012/index_custom.html

[4] Morning Post - Friday 27 December 1895

[5] Data kindly provided by Tom Cairns http://realtimetrains.co.uk and Twitter: @swlines

[6] The Morning Post, Tuesday, December 26, 1848

[7] Daily News, Wednesday, December 26, 1849, Issue 1119

[8] The Era, Sunday, December 29, 1850

[9] The Standard, Saturday, December 27, 1851, p.1

[10] The Essex Standard, and General Advertiser for the Eastern Counties, Wednesday, December 28, 1853

[11] Jackson's Oxford Journal, Saturday, January 9, 1864

Contentment

Contentment


by Napoleon Hill

The richest man in all the world lives in Happy Valley. He is rich in values that endure, in things he cannot lose—things that provide him with contentment, sound health, peace of mind and harmony within his soul.

Here is an inventory of his riches and how he acquired them:

“I found happiness by helping others to find it.

“I found sound health by living temperately and eating only the food my body requires to maintain itself. “I hate no man, envy no man, but love and respect all mankind.

“I am engaged in a labor of love with which I mix play generously; therefore, I seldom grow tired.

“I pray daily, not for more riches but for more wisdom with which to recognize, embrace, and enjoy the great abundance of riches I already possess.

“I speak no mane save only to honor it, and I slander no man for any cause whatsoever.

“I ask no favors of anyone except the privilege of sharing my blessings with all who desire them.

“I am on good terms with my conscience; therefore, it guides me accurately in everything I do.

“I have more material wealth than I need because I am free from greed and covet only those things I can use constructively while I live. My wealth comes from those whom I have benefited by sharing my blessings.

“The estate of Happy Valley which I own is not taxable. It exists mainly in my own mind, in intangible riches that cannot be assessed for taxation or appropriated except by those who adopt my way of life. I created this estate over a lifetime of effort by observing nature’s laws and forming habits to conform with them.”

Source: Success Through A Positive Mental Attitude. Prentice-Hall, Inc. 1960. Pgs. 211 & 212.

'Pretty Festoons of Holly Leaves Are Displayed' - The Decoration of Railway Stations Before 1900

In the late nineteenth century most railway employees would find themselves at work over the Christmas period, even on Christmas Day itself. Therefore, it is unsurprising that many felt the need to adorn their places of work so that the spirit of Christmas would remain with them while on duty. The decoration of stations was seemingly a collective effort by station staff, and it was reported by the Reading Mercury in January 1887 that at Sunningdale station on the London and South Western Railway (LSWR) ‘all the men have worked at the decorations during their “off time” under the supervision of the station master.^[1]

This decking out of stations at Christmas allowed travellers to pass a wealth of colour while on their journeys. In 1884 the London and South Western Railway’s (LSWR) staff magazine, the South Western Gazette, reported that the standard of decorations at suburban stations was ‘quite up to the standard of past years’.^[2] The Whitstable Times and Hearne Bay Herald stated in 1881 that the London, Chatham and Dover Railway’s (LCDR) station at Canterbury ‘looked exceedingly pretty’ and that ‘there had been no stint in the quality of decorative material, and it had been put up in a manner that evinced care and taste on the part of the decorators.’^[3] Furthermore, in 1887 the adornments at the LSWR’s Totton, Redbridge and Lyndhurst Road Stations were described by the Hampshire Advertiser as being ‘very effective, reflecting credit on those who carried out the work.’^[4]

Decorations were usually a mix of local plants, particularly evergreens, with other items added. In 1888 the booking office and waiting room at Purley on the London, Brighton and South Coast Railway (LBSCR) was decorated ‘effectively and prettily’ with holly and ivy.^[5] Furthermore, the copious adornments at the LSWR’s Sunningdale Station in 1886 were described in full, as follows:

‘The evergreens, relieved by numerous flags, and mottoes have a very pretty effect. The pillars are entwined with Turkey red, above which is a diamond shaped wreath, with Chrysanthemums, yellow, white and pink bronze at each point. The booking office is adorned with great taste, and a number of pretty festoons of holly leaves are displayed.’^[6]

Additionally, the Gazetterecorded that the parcels office staff at Richmond station in 1887 had…:

“…vied with their parcel brethren at other stations in the way in which they have recognised this season of the year by wreathing and other decorations on the walls and around the windows of their office; the result has been very successful…a considerable quantity of evergreen has been expended in all decorations of this Richmond parcels office. We hear it is as well as any in the vicinity.’^[7]

Staff at Norbiton in 1884 and Camberley in 1885^[8] did things a little differently; lighting their booking offices and waiting rooms with Chinese lanterns. The Gazette recorded how at Norbiton ‘The effect at night is exceedingly pretty, and reflects great credit upon the designers.’^[9]

It is unknown when stations were decorated by their staff. However, only one article I have found reports a station's adornments before 25 December, suggesting that most stations were decked out shortly before Christmas Day.^[10] As for when they were taken down, this is again a bit of a mystery. Yet, clearly some stations were a bit lazy in doing so. At Saxmundham Station on the Great Eastern Railway in 1875, decorations were noted to be still up in the waiting room at a staff supper on the 12 January.^[11]

I have always felt that the Victorian railway community’s decoration of stations is akin to what many of us do at our own places of work; we decorate to help us remain festive while grafting. Consequently, our festooning of desks and walls follow in a long tradition of work-place festivities.

MERRY CHRISTMAS TO ALL MY READERS 

My other Christmas posts are as follows:

"Christmas fare from the provinces" - Euston Station and the Distribution of Festive Goods in the 1840s

"An EXTRA TRAIN will leave Shoreditch" - Trains on Christmas Day before 1900

A Victorian 'Railway' Christmas - Parcels, Pastimes, Profit and Poetry

----

[1] Reading Mercury, Saturday 01 January 1887

[2] The South Western Gazette, January 1888, p.8

[3] Whitstable Times and Herne Bay Herald, Saturday 01 January 1881

[4] Hampshire Advertiser, Saturday 31 December 1887

[5] Surrey Mirror, Saturday 22 December 1888

[6] Reading Mercury, Saturday 01 January 1887

[7] The South Western Gazette, January 1888, p.11

[8] Reading Mercury, Saturday 02 January 1886

[9] The South Western Gazette, January 1884, p.2

[10] Surrey Mirror, Saturday 22 December 1888

[11] The Ipswich Journal, Saturday 16 January 1875

BC First Time Bonus

Available Until March 31st 2013

BC First-Time New Home Buyers’ Bonus is a ONE-TIME Homebuyers Bonus Effective until March 31st 2013 – Refund Personal Income Tax Credit of up to $10,000

First Time Home Buyers’ Bonus is a one time personal income tax credit worth up to $10,000 for BC residents who purchase an eligible new home and are first-time home buyers.
BC Resident – if you file a 2011 BC resident personal income tax return, or if you move to BC after December 31,2011, or you file a 2012 BC resident personal income tax return (you will not be eligible for the bonus if you move to BC after December 31, 2012)
First time home buyer defined as- an individual who has never previously owned a primary residence in Canada or anywhere in the world. If there are multiple buyers, every purchaser must be a first time home buyer to qualify.

Primary Residence Eligibility – must be a home that you intend to live in on a permanent basis. It can be owned by you or jointly however again to qualify, you and any purchasers must be first time homebuyers.
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.

Other conditions:

• Contract of purchase and sale is entered into on or after

February 21, 2012

• HST is payable on the home

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

• Construction of the home is complete, or the home is occupied,

before April 1, 2013

How much is the Bonus – equal to 5% of the purchase price of the home (or in the case of owner-built homes, 5% of the land and construction costs subject to HST) to a maximum of $10,000

Bonus will be reduced if income is too high:

• For individuals, bonus reduced by $.20 for every dollar in net income over $150,000 (bonus is reduced to zero at $200,000 net income)

• For couples, bonus reduced by $.10 for every dollar in family net income over $150,000 (bonus is reduced to zero at $250,000 family net income)

The builder sent in my BC HST New Housing Rebate – Am I still entitled to the bonus?

Yes, so long as you meet all the other requirements.

Is the bonus taxable? No. The bonus is a refundable personal income tax credit, meaning it will not be added to your income on your tax return.
For Further Information? Call us or go to online

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
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