Welcome to Forum Vancouver, an online discussion community for Metro Vancouver Hide
We have message boards for you to chat about shopping, community events, places to eat, things to do and much more!
Consider helping our forum grow by sharing your knowledge about living in the Greater Vancouver area.

is free and only takes a few moments to complete.

BC Government is going to take Your HOUSE!

Discussion in 'General Discussion' started by igor, Jan 8, 2021.

  1. igor

    igor Junior Member

    A warning for all potential buyers! the BC Government is going after your house, they lowered the Grant threshold to 1,525,000 this with the intention to eliminate all together the GRANT!

    There is more!
    lower interest rates had motivated potential home buyers, but they don't realise that low interest in a mortgage only increases the price of property, this way you are paying more than when interest rates are up.

    Having a home is a basic right recognised by the UN, and the "most humanitarian Country in the World Canada", has the highest property taxes in the world, Ironic isn't it?
  2. igor

    igor Junior Member

    And I insist in order to educate you:
    Do you think that You are getting a great deal with low interest mortgage?
    You won’t, let’s suppose that you are getting to buy a home for $2 Mill, and you pay in a mortgage 2% that’s is $40,000 extra in interest payments, before when mortgages had an average of 4% in a house of 1000,000 you are paying exactly the same, but with a difference you are paying one million more for the same house that is overpriced, since prices had been driven by low interest rates, Real State companies in a conspiracy with the federal government lowered the interest rates to deceive home buyers.
    So You the home buyer, did you think you were going to get a good deal?.
    Think again.

Share This Page