Large amount of foreclosures - Free legal's continues

Christos Gitersos - Mortgage Planner

christos@gitersos.com
604.786.9099
http://www.gitersos.com/

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May be time to look at a refinance?

 

Refinance FREE LEGALS - Click Here

FREE LEGALS!

I've teamed up with Flavia, a local notary here in Langley, and we are running a small, for a short period of time, refinance program for anyone needing to get something done. 

Lot's of renewals are coming up and will renew in to higher rates and maybe you need some payment relief. Maybe you over spent over the holidays, I know we did for sure!

Have a look at the attached PDF and let me know if you have questions!



THE 2025 BANK OF CANADA INTEREST RATE MEETING SCHEDULE

 

WHEN IS THE NEXT BOC MEETING?
 

The Bank of Canada meets eight times per year and makes announcements about rates. Now more than ever, these dates matter very much to our industry and and to anyone with a variable rate. Here are the dates listed below for 2025. I've also included a link to the BOC website.  

As always, should you have any questions, please feel free to reach out to discuss. I am happy to help. 

2025:

Wednesday, January 29, 2025 (0.25 reduction)

Wednesday, March 12, 2025

Wednesday, April 16, 2025

Wednesday, June 4, 2025

Wednesday, July 30, 2025

Wednesday, September 17, 2025

Wednesday, October 29, 2025

Wednesday, December 10, 2025


Bank of Canada publishes its 2025 schedule for policy interest rate announcements and other major publications - Bank of Canada




Foreclosure Lists

 

Attached - Tri Cities
Attached - Chilliwack, Sardis (1)
Attached - Langley
Detached - Burnaby, New West
Attached - Mission, Abbotsford (1)
Attached - Burnaby, New West (1)
Detached - Chilliwack, Sardis (1)
Attached - Surrey, Delta, Cloverdale
Detached - Langley (1)
Detached - Mission, Abbotdsford

Unfortunately there's quite a few this time around. Particularly Surrey detached.



There's a story behind this picture...

 

However, I'll just say it was a nice dinner at the Keg (which is very rare for me) with a nice photo with my big brother!



BC Home Flipping Tax in 2025

 

Starting January 1, 2025, profits from selling a taxable property in BC are subject to a new tax if the property was purchased less than 730 days before the sale. This rule applies regardless of the seller's location. A taxable property includes residential properties, properties zoned for residential use, and rights to acquire such properties, like pre-construction assignments.

Exceptions include deemed dispositions, mortgages, leases, gifts, or transfers without a change in beneficial ownership. For example, selling a property purchased on May 1, 2023, before June 1, 2025, would trigger the tax, while sales after this period would not. Exempt property locations are excluded.



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