Thinking of buying your first Maple Ridge home?

Free seminar in Surrey can give some good background information

f you’re thinking about taking the plunge into home ownership, maybe slide over to Surrey next month, April 3 in particular. Beginning at 7 p.m. that night the Greater Vancouver Home Builder’s Association will present its 18th annual free seminar for first-time home buyers.

“Basically, this is going to be home-buying 101,” said Peter Simpson, association president.

The event, which takes place at the Bell Performing Arts Centre,  6250 – 144th St., attracts people just starting the process of home buying and who don’t know the difference between a variable and fixed rate mortgage, he said.

This year, the session should prove particularly useful because it will focus on the B.C. First Time Home Buyers Bonus announced by the B.C. government in its 2012 budget.

That’s available only to people who’ve never owned a home before and is based on the buyers’ income and the price of the house. It applies to new home construction only and will be paid by the government based on five per cent of the home’s price up to a maximum of $10,000. However, the bonus is scaled back for incomes of more than $150,000.

Simpson says the bonus should have the desired effect.

“It’s going to help more people get into the market who maybe had to wait before.” He said it would take people a long time to save up $10,000 after taxes.

Simpson said more single  women now are buying homes.

“They’re not waiting for Mr. Right to sweep them off their feet.”

Simpson expects the housing market this year to remain stable.

The seminar doors open at 6 p.m., allowing attendees ample time to view builder displays and other home-related products and services.

Just Posted

Looking Back: The tie that binds

CP Rail’s growth took off in 1914, when double tracking of the line through the area was completed.

Twin trees topple on to Maple Ridge home

Roof though mostly intact on house in Fern Crescent area

On Cooking: Setting the mood, and table at home

Your thoughtfulness is the most meaningful ingredient.

Untrending: More wisdom from the inbox

‘The death of long-form writing.’

B.C. athlete takes home gold in freestyle aerials at Canada Games

Brayden Kuroda won the event with a combined score of 121.65.

Pedestrian in serious condition after hit by car downtown Abbotsford

A youth was also hit, suffered minor injuries, police say

Cabinet likely to extend deadline to reconsider Trans Mountain pipeline

New round of consultations with Indigenous communities is coming

B.C. government provides $75,000 towards salmon study

Study looks at abundance and health of Pacific salmon in Gulf of Alaska

Murdered and missing honoured at Stolen Sisters Memorial March in B.C.

‘We come together to make change within the systems in our society’

UBC researchers develop inexpensive tool to test drinking water

The tricoder can test for biological contamination in real-time

Most Read