Mylyne & Associates April Newsletter

Mylyne & Associates -

Stonehaus Realty Corp.

info@mylyne.com
604.723.2000
http://www.mylyne.com/

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When they say market is down...

March was a busy one for us! 🎉🏡
We’re excited to share that 7 homes found new owners this past month. Huge congratulations to our amazing clients! Whether you were buying, selling, or both, we’re so grateful to be part of your journey.

Thinking about making a move this spring? We’d love to help you get started! 🌷🔑

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Mylyne's Presale Picks in Langley

Are you looking for some Presales? Look no further, Mylyne has some she would like to share! See below for her picks.

Hive 2
• Deposit: 5–10% structure
• Completion: Est. 2027
• 1bdrm $540k-$600k
• 2bdrm $665-$705k

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• Deposit: 10%
• Completion: Est. 2027
• 1bdrm $475k-$550k
• 2bdrm $740k-$780k

Jethro
• Deposit: 10%
• Completion: Est. 2027
• 1bdrm $380k-$450k
• 2bdrm $500k-$580k

Solana
• Deposit: ~10%
• Completion: Est. 2026–2027
• 1bdrm $400k-$500k
• 2bdrm $580k- $700k

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GST Rebate for First-Time Homebuyers Comes Into Effect

By Lawyer Tony Spagnolo from Spagnolo LLP

Great news - the GST Rebate for First-Time Homebuyers has finally come into effect!!

Announced last spring by the federal government, the bill received Royal Assent last week and eliminates “the Goods and Services Tax (GST) for first-time home buyers on new homes up to $1 million and reducing the GST for first-time home buyers on new homes between $1 million and $1.5 million.” The Canada Revenue Agency will now be able to start processing rebate claims.

Please note that the rebate will generally apply to agreements of purchase and sale entered into on or after March 20, 2025, and before 2031.

If you were a first time home buyer and purchased a new home under $1,500,000 between March 20, 2025 and today, contact your lawyer to apply for the rebate.

Foreclosures

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What's happening in Metro Vancouver this month

Vancouver Cherry Blossom Festival

Vaisakhi parade - April 18

Richmond Night Market

Vancouver Fashion Week

Harrison Tulip Festival

Food Truck Wars April 10-12

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Helping Your Kids Buy Their First Home

With rising home prices, many parents are asking the same question: How can we help our children buy their first home?

For many families, helping the next generation enter the housing market has become an important financial discussion. Fortunately, there are several ways parents can assist while still protecting their own financial security.

One of the most common options is helping with a down payment. This can be done through a financial gift, which many lenders allow as long as it’s properly documented. A larger down payment can make it easier for first-time buyers to qualify for a mortgage and may also reduce their monthly payments.

Another option is co-signing a mortgage. This allows a parent’s income and credit strength to help support the mortgage approval. While this can be effective, it’s important to fully understand the responsibilities involved before proceeding.

Some parents also choose to use their home equity to assist their children, either by providing funds for a down payment or helping with early homeownership expenses.

Beyond financial support, guidance and education can also be incredibly valuable. Helping your children understand budgeting, mortgage options, and long-term financial planning can set them up for success as homeowners.

Entering the housing market is one of the biggest financial steps young adults take. With thoughtful planning and the right strategy, families can work together to make that first home purchase a reality.

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