With record setting low interest rates, Real Estate prices that are back at about the 2003 levels and now tax credits for renovations there has really been no better time to get into the market.
Here are some relevant points from the recently released budget.
Joel
Action to Stimulate Housing Construction.
Providing $8.4 billion to build quality housing, to stimulate construction and enhance energy efficiency. Measures include a renovation tax credit providing up to $1,350 to an estimated 4.6 million Canadian homeowners.
British Columbia will receive its share of the investments in social housing.
Implements a temporary Home Renovation Tax Credit (HRTC), which will benefit homeowners in British Columbia up to $419 million over two years.
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