Tag: homebuyer

How To Budget for Your First Home

Planning and adhering to a budget is one of the most challenging tasks for people when it comes to their personal finances. Knowing what you can reasonably afford each month becomes even more crucial when you’re purchasing your first house because it’s probably the biggest purchase you’ve ever made. If you are currently renting, a

First-Time Home Buyer Incentive

What is the First-Time Homebuyer Incentive? The Government of Canada offers a shared equity mortgage (loan) as a first-time home buyer incentive. There are no ongoing payments or interest paid on the incentive, but the loan must be paid back within 25 years or when the property is sold, whichever occurs first. How does the

5 Questions to Ask About Closing Details When Buying a Home

Any/all property transfer tax exemptions are subject to meeting all the requirements set out by the Government of B.C., and it’s best to confirm eligibility with either the Government of B.C. and/or a solicitor of your choosing The Auxilium Team offers a complimentary consultation to start your home buying process; contact us today at 250-590-6520