Skip to main content

Posts

Showing posts from January, 2014

50 Ways to Green Your Home and Save $$$ in Greater Vancouver

g LOCATION Choosing Where You Live 1 Green neighbourhoods Buy a home in a neighbourhood close to work, transit, shopping, community centres and other services. 2 Transit-oriented density (TOD) New, compact, complete green neighbourhoods are being built with transit as their focus. Instead of owning a car, join a car share cooperative, take transit, cycle or walk. 3 Lower Cost Luxury If it’s features such as a gym or pool you want, buy a strata unit with these amenities and share costs. 4 Score your location Walkable neighbourhoods offer health, environmental, financial and community benefits. Enter your address or the address of a home you want to buy at www.walkscore.com . This tool calculates a walkability score based on the home’s proximity to transit, grocery stores, schools and other amenities. g HOME IMPROVEMENT Heating and Cooling 5 You choose, you save LiveSmart BC offers a variety of incentive and rebate programs. 6 Install a high-effi...

Top Grants and Rebates for Property Buyers and Owners in British Columbia, Canada

1 Home Buyers’ Plan Qualifying home buyers can withdraw up to $25,000 (couples can withdraw up to $50,000) from their RRSPs for a down payment. Home buyers who have repaid their RRSP may be eligible to use the program a second time. Canada Revenue Agency www.cra.gc.ca Enter ‘Home Buyers’ Plan’ in the search box. 1.800.959.8287 2 GST Rebate on New Homes New home buyers can apply for a rebate for the 5% GST if the purchase price is $350,000 or less. The rebate is equal to 36% of the GST to a maximum rebate of $6,300. There is a proportional GST rebate for new homes costing between $350,000 and $450,000. At $450,000 and above the rebate is nil. Canada Revenue Agency www.cra.gc.ca Enter ‘RC4028’ in the search box. 1.800.959.8287 3 BC Property Transfer Tax (PTT) First-Time Home Buyers’ Program Qualifying first-time buyers may be exempt from paying the PTT of 1% on the first $200,000 and 2% on the remainder of the purchase price of a home priced up to $425,000. T...