Kam Brar

Recent Posts

More Canadians using retirement savings to solve bad credit

Like many journeys, the road to bad credit starts with a single step – or misstep in this case. Whatever your situation, once you've started having trouble with your credit score, it can be difficult to find your own way back to a strong financial situation. But you have some money saved in your RRSP, so why shouldn't you use that to get out of debt? While it seems like an easy solution now, you might regret your decision in the future.

New Home BC PTT Exemption Q & A

Q: How is the government going to monitor the 1-year occupancy detail?

A: As with the First Time Home Buyers (FTHB) exemption, the Ministry will send a letter to the purchaser at the end of the year to confirm compliance, principal residence & owner occupied.

Property Transfer Tax Change Cancels Out Increased Down Payment Requirements

Well it’s a rare occasion when a government actually gives back or agrees to take less of your money, but in BC that’s exactly what happened with the new property transfer tax exemption up to $750,000. In case you didn’t’ hear, going forward from today, if you’re purchasing a new home up to $750,000, you will be exempted from paying the property transfer tax (a savings of $13,000 on a $750,000 purchase), provided the home is new and you are either a Canadian citizen or permanent resident of Canada.

Splitting up? Okay, so how do you split up the house?

I remember watching “War of the Roses” a long time ago.  It was about a couple that started out well, in the beginning they were happy and loved each other.  Near the end of the movie, however, their relationship had turned ugly so much so, that one of them took a chainsaw to the house, in order to split things down the middle.  Thankfully there are better ways of splitting up the matrimonial home

Mortgage Rules Change

No one likes change, especially future homeowners as the change relates to the mortgage rules.  Every time the rules change, they only seem to make it harder & harder for folks to qualify.  Well in my humble opinion, the latest change announced by the Finance Minister in December could have been more massive.

The Finance Minister Bill Morneau announced that for properties between $500,000 and $1 million, those of you getting an insured mortgage will now need to put more down—up to an additional 2.5% of the purchase price if you max out at the 1.0 million mark.

Christmas With A Difference

This is an article Kam presents each year for the December newsletter. Believe in the magic of Christmas memories of family and loved ones. After all, there would be no Christmas memories without them.


Well, here we are again—Christmas time! The most magical season of all…

How is it we went from Christmas being something so magical and special at one time, to now being symbolized as frustration, anxiety, depression, and sheer excess for many? Now, I am not saying this is the case for all, but I know you would be hard pressed to argue with me that this isn't the case for far too many.

Lest We Forget

I sometimes wonder how many of us actually take the time and effort to think about this phrase? In our hectic everyday lives, it seems to me that at most times people are just trying to do the opposite; they are just trying to forget all of the pressures and demands of life and try to capture a moment of solitude or two.