Hot Tip Of The Week

AFFORDABILITY:

New Study:

Vancouver needs 74% of income to buy the average home priced at $895,000.
The rest of BC - on average nees 68%. The north...only 32.3%

Why North?

1. Mining exploration in the North is up to 450 Million up from 21 million in 2001

2. Premier Campbell announced a new provincial government program he calls Quest -West:

"It will help us to discover untapped mineral potential, attract new investment and support the economic diversification of pine beetle affected communities in B.C."

3. The Mining Exploration Tax Credit program and Exploration Investment Tax Credit for flow through investors - when added to the regular 100% deductions, are equivalent to a 141% exploration expense deduction for income tax purposes.

Further, eligible expenses incurred in mining exploration in prescribed Mountain Pine Beetle affected areas will be eligible for an enhanced 30% tax credit. This means that for every $100 spent on exploration in pine beetle areas, $171 can be written off ($100 for the tax credit program and $71 in flow through tax credits).

Previous Tips of the Week:

4/4/08

Winnipeg

3/22/08

Why Prairie Farmland May Be The Buy Of A Lifetime

3/15/08

Things to watch out for in Florida

3/7/08

World's Most Expensive Downtown Condos

1/19/08

• CMHC insures investment mortgages up to 100%

1/5/08

• Assessments

12/22/07

• 7 Things To Ponder

12/15/07

• Vacancy Rates

12/8/07

• Yuletide Selling

12/1/07

• Investing in the US

11/17/07

• Howe Sound

11/10/07

• Anecdotally

11/3/07

• Lots of Canadians looking to buy property in the US

10/27/07

• Watch those 1/4 share units

10/20/07

• REITs Not So Sweet

10/13/07

• Condo Trends to Watch in the Lower Mainland

10/6/07

• Here is what is happening INDUSTRIALLY!

9/29/07

• The Financial Commission Issues Warning On Presales

9/22/07

• Time to buy a US foreclosure?

9/1/07

• Vancouver In The Top Ten In The World?

8/18/07

• Confidence

7/28/07

• Auctions Revisited

6/30/07

• Not all the USA is down

6/23/07

• Prepaid Leases

5/26/07

• Wild Wild Edmonton - up 60% in one year!

5/12/07

• Developers Welching on Pre-Sales

4/21/07

• For the big investor ... VERY Expensive

4/14/07

• Office Strata

3/31/07

• Self-Employed Mortgages Will Now Be Easier

3/24/07

• Illegal Suites

3/3/07

• Fraud Signs Sprout This Week In Calgary

2/24/07

• Ethanol

2/17/07

• Property Management

2/3/07

• How to Buy in a Resort

1/27/07

• How to Handle Foreclosures

1/20/07

• If properties are harder to sell - perhaps you should stage your home

1/6/07

• Check Your (And Anyone Else's) Assessments And Property Values Here ... Free!

12/23/06

• 100% Financing Comparison

12/6/06

• Vancouver Condo Deals

11/25/06

• Yuletide Selling

11/4/06

• Grow Operation Indicators

10/28/06

• Ontario Cracks Down On Late Closings

10/21/06

• Check Out Real Estate Auctions

• 1/4 shares...
  

10/14/06

• 100% Financing

10/7/06

• Credit line or Mortgage?