Mortgages by Amit Bashal

03/16/2026

🚨 *BREAKING: $50,000 GST Rebate is officially LAW!* 🚨

Huge news for your first-time buyer clients! *Bill C-4* (the Making Life More Affordable for Canadians Act) officially received *Royal Assent on March 12, 2026.*

The CRA is now authorized to begin processing these claims. Here is what you need to know to help your clients:

✅ *The Rebate:* 100% of the 5% GST is now rebated on new homes up to *$1 Million* (Max *$50,000* savings!).
✅ *The Threshold:* Homes between *$1M – $1.5M* qualify for a partial/sliding scale rebate.
✅ *Backdating:* It applies to purchase agreements signed on or after *March 20, 2025* .
✅ *Eligibility:* Buyers must be Canadian Citizens or Permanent Residents and meet the standard "first-time buyer" definition.

*What should your clients do now?*

*If they already closed* : They can now prepare their application to the CRA.

*If they are shopping:* This is a massive "buy now" incentive for new construction/presales.

The CRA is currently updating their portal to accept these specific applications. You can track the official updates and forms here:
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/gst-hst-rebates/first-time-home-buyers-gst-hst-rebate.html

*Let’s get those first-time buyers into homes!* 🏠💰

The government is proposing a rebate designed to help first-time home buyers recover more of the tax they pay on a new home.

01/10/2026

🏡 First-Time Home Buyer? I’ve Got You Covered

Buying your first home can feel overwhelming — rates, rules, and paperwork. As a licensed Mortgage Agent in BC, I guide first-time buyers through every step with clarity and confidence.

✔️ Low down payment options
✔️ Access to multiple lenders
✔️ Clear advice, no jargon

Thinking about your first home? Let’s connect.

Amit Bashal
Mortgage Agent | British Columbia

09/09/2025

The Bank of Canada meets on September 12 to discuss its next move on interest rates, with an announcement expected on September 17, 2025.

🔹 Current Prime Rate: 4.95% (unchanged since March 2025)
🔹 Many economists are now predicting a possible 0.25% cut, following softer job numbers and rising unemployment.

Why It Matters:

Variable-Rate Mortgages: Prime is directly tied to variable mortgage rates. If the BoC cuts, you could see your payments go down.

Fixed-Rate Mortgages: These are influenced more by bond yields, but a cut could still signal a friendlier environment for locking in.

Buying Power: Even a small drop in rates can improve affordability and qualification.

🌟 First-Time Home Buyers (FTHB):
If you’re entering the housing market for the first time, a lower Prime Rate could make qualifying for a mortgage under the stress test a little easier and stretch your budget further. This could be the right time to revisit your pre-approval and see what opportunities are opening up.

08/25/2025

✨ Thinking about buying a home?

With today’s shifting market, buyers have more opportunities and negotiating power than they’ve seen in years. Lower competition and flexible options make it a great time to step into the market with confidence.

As a licensed Mortgage Specialist in BC, I’m here to help you:
✅ Explore the best mortgage solutions
✅ Understand your affordability
✅ Navigate today’s buyer-friendly conditions

💡 Tip for Buyers: Get a mortgage pre-approval before you start house hunting. It not only shows sellers you’re serious, but also locks in your rate and protects you from sudden market changes.

Whether it’s your first home, an investment property, or a move-up purchase, now might be the right moment to make your move.

📩 Let’s connect—I’d be happy to answer your questions and guide you through the process.

07/01/2025

04/30/2025

Please share with those affected during Lapu Lapu Day festival tragedy

12/24/2024