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I just finished uploading this Townhouse for sale, 23 16920 - 80 Avenue, Surrey, BC

"STONERIDGE" Stunning detached townhome! Rancher with 2 generous-sized bedrooms on main, each with their own bathroom, an upper loft looking over living and dining area, and fully finished basement with 2 piece bath and shower. Valuted ceilings in living and dining rooms, full family room with gas fireplace off kitchen and private patio & yard. Almost 3,000 sq. ft. of quality living. Features include maple hardwood, eating bar in spacious kitchen/family room, 2 gas fireplaces, security, built-in Vaccum, full-size laundry on the main floor, and double side by side garage. Custom window coverings stay. Pool-table sized rec room in basement, craft room, wine storage, and huge workshop area - easily converted to media or bedroom. Close to transit and golf, flexible move-in dates, 1 pet ok, any size, original owners are meticulous and it shows! This is n exclusive community rarely available for sale & only 7 units per acre. This is move-in condition.

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Looking for a down payment on a home? Check your RRSPs 

New rules enhance the Home Buyer’s Plan program 

If you’re a first-time homebuyer, with the federal Home Buyer’s Plan you may be eligible to withdraw funds from your registered retirement savings plan (RRSP) for a down payment when buying or building a qualifying home.  Under the program you can now withdraw up to $25,000 without tax penalties, according to measures announced recently in the 2009 Federal Budget.

Here is a basic overview of some of the rules:

  • You must be considered a first time homebuyer, i.e. you cannot have owned an owner occupied home in the previous five years.
  • You must be a Canadian resident.
  • The property purchased must be for a principal residence.
  • The RRSP must be repaid within 15 years, with minimum annual payments of 1/15th of the withdrawn amount.
  • Funds must have remained in your RRSPs for a minimum of 90 days before they can be withdrawn under the Home Buyers Plan.
  • You will have to complete Form T1036, “Home Buyers Plan (HBP) – Request to Withdraw Funds from an RRSP” available at the Canada Revenue Agency website www.cra-arc.gc.ca in the RRSP section.
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