Surrey is set to become one of the first Canadian cities to embark a full changeover of street lighting to LED.
City councilors approved a five year implementation strategy earlier this month to replace 28,000 existing street lights with LED roadway lighting technology, starting with 7,100 street lamps in the Guildford and City Centre areas.
- Massive $1.2M Chandelier Approved For Granville Street Bridge
- Surrey’s UrbanScreen Projects Art After Dark
“The move to convert our street lighting to LED is another example of Surrey being at the forefront of Smart Cities,” says Mayor Linda Hepner. “For motorists, cyclists and pedestrians the LED lights will enhance visibility and safety. LED lights also consume less power than the current sodium lights, which will result in significant cost savings to the City once the conversion is complete.”
Compared to normal “sodium” lights, LED lights reduce eyestrain and fatigue, and make it easier for road users to see...
10 things to know about the 2016/17 provincial budget:
1. Buyers of newly-built homes worth up to $750,000 will be exempt from the property transfer tax, saving up to $13,000, effective Wednesday (only for Canadian citizens or permanent residents).
2. The new home tax exemption will only apply to people who actually live in the home as their principal residence for a year after the purchase (relatives do not qualify) and B.C. will share information with Revenue Canada to double-check whether the rules are being followed.
3. Homes (both new and used) sold for more than $2 million will see an increased property transfer tax of 3 per cent, up from 2 per cent.
4. The existing first-time homebuyers program for used homes remains in place, but the threshold is unchanged for properties worth less than $475,000.
5. Property buyers will need to disclose their citizenship for government tracking.
6. MSP premium rates will rise $3 per month for an adult to $78, starting in 2017, but children are now...
New mortgage rules are about to hit first-time buyers in hot housing markets
“The increase will raise the bar to homeownership quite materially in Vancouver and Toronto,” housing experts at RBC Economics say. “Especially for first-time buyers.”
Announced in December by Finance Minister Bill Morneau, the minimum amount a buyer will have to put down on a home worth half a million dollars or more will increase from 5 per cent of the price to a blended, higher rate: 5 per cent down on the first $500,000, and 10 per cent down on any dollar value above that amount.
Let’s use the example of a $700,000 home. Under the (soon to be old)...
- Get approved: It's really smart to be pre-approved with your mortgage so you know how much you can spend and you can be competitive with the bidding. And share that number with your realtor so they only show houses that are a fit for your budget.
- Demo right: Know the rules about additions in your city, which might change the way a small house looks if it sits on a big lot.
- What do you really need? Make a list of things you don't need and share it with your realtor. For example, sharing that you can live without an ensuite bathroom or a fully updated kitchen might help in a competitive market — and help you avoid a bidding war.
- Budget right: Just because you're approved for a certain amount doesn't mean that number actually fits your budget. Before even thinking about seriously putting an offer on any home, take a look at your monthly financials to determine how much of a mortgage you can really take on.
- Post-purchase money: Build a budget for...
The federal government is expected to tighten mortgage rules in an effort to cool the red-hot housing markets in Toronto and Vancouver, CTV News has learned.
The new regulations will increase the minimum down payment required to buy a home for more than $500,000, with portions beyond that amount requiring a 10 per cent down payment. The down payment on the first $500,000 will remain at five per cent.
For example, a home costing $700,000 would require a $45,000 down payment – a five per cent down payment on the first $500,000, added to a 10 per cent down payment on the remaining $200,000.
The regulations are expected to take effect in February 2016.
The regulations are expected to take effect in early 2016.
Buyers shopping for homes below the $500,000 mark will be unaffected by the new rules.
Dear Friends & Families,
As a real estate specialist in your area, and fellow neighbour, I'd like to introduce myself. My name is Rajesh Thapar.
If you've been thinking about moving up, downsizing, or changing locations, I'd like to help you with your real estate needs. Let me assist you with finding the best financing and giving you some ideas to help sell your present home.
If you'd like to discuss how I can best help, please call me at 604-762-7407
I am always one phone call away ......
If you know of anyone that could benefit from my real estate services please do not hesitate to provide my contact information. I am never too busy for your referrals!
Please do ask me for my referral program!
12th Largest City Surrey!
Surrey is the 12th largest city in all of Canada. In this expansive city, there are many facilities and amenities that make it the thriving city it is. Surrey prides itself in having diverse landscapes, abundant parks, rich cultural opportunities, and superb recreational activities and events, such as the famous Cloverdale Rodeo. With its 6000 acres of parkland, escaping to the great outdoors is an easy feat. Among the parkland that Surrey is home to, there are several championship golf courses awaiting to be used. However, this city offers more than just nature; it also supplies its residents and visitors with a large city feel, featuring two large shopping centers: Guilford Town Centre and Central City. If you are looking for city life or a more relaxed, natural lifestyle, Surrey is the place
SURREY IS A BEST PLACE FOR INVESTMENT IT'S STILL IN YOUR REACH....DON'T WAIT ACT NOW
I am only one phone call away 604-762-7407