Blog by Rob Chuter

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Home Buyers’ Plan

August 22nd, 2010
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

Property Transfer Tax

August 22nd, 2010
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. There is a proportional exemption for homes priced up to $450,000.

Bank of Canada increases overnight rate target to 3/4 per cent

July 20th, 2010

OTTAWA – The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.

The global economic recovery is proceeding but is not yet self-sustaining. Greater emphasis on balance sheet repair by households, banks, and governments in a ...

July 7th, 2010

Activity steady to start the summer season

The Greater Vancouver housing market experienced steady activity to begin the summer season.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,972 in June 2010, a decline of 30.2 per cent compared to the 4,259 sales in June 2009, which was the second highest selling June on ...

July 1st, 2010

Bank of Canada raises rates 1/4 of a percentage

June 1st, 2010

OTTAWA – The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly raised to 3/4 per cent and the deposit rate is kept at 1/4 per cent, thus re-establishing the normal operating band of 50 basis points for the overnight rate.

The global economic recovery is proceeding but is ...

NATIONAL GARAGE SALE FOR SHELTER RAISES MORE THAN $300,000

May 19th, 2010
 

ROYAL LEPAGE: BREAKING RECORDS TO BREAK THE CYCLE OF VIOLENCE

NATIONAL GARAGE SALE FOR SHELTER RAISES MORE THAN $300,000 TO HELP ABUSED WOMEN AND CHILDREN ACROSS CANADA

TORONTO, May 19, 2010 – On Saturday, May 15th over 120 Royal LePage offices hosted record breaking garage sales in support of the Royal LePage Shelter Foundation, raising more than $300,000 to end violence against women a ...

Prime Remains at 2.25%..for now

April 20th, 2010

OTTAWA —The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent.

Global economic growth has been somewhat stronger than projected, with momentum in emerging-market economies increasing noticeably. Exceptional stimulus from monetary and fiscal policies continues ...

Housing market update from TD

April 15th, 2010
While existing home sales and prices grew rapidly in 2009, we had been expecting markets to cool gradually heading into 2010, more markedly in the second half. Are there any signs of this in the latest data or are markets still red hot? Price growth should cool if supply (new listings) increases and/or demand (sales) eases.

•   Supply: Listings should increase as a result of the solid price ...

Interest rates

March 2nd, 2010

OTTAWA — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent.

The ongoing global economic recovery is being driven largely by strong domestic demand growth in many emerging-market economies and supported in advanced economies by exceptional monetary and fis ...

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