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Top 25 Real Estate Agents in Vancouver West,Downtown Vancouver and West Vancouver. Buy & Sell residential homes, property management, pre-sale and more.

Do You Concerned About Your Home Value From BC Assessment?

Posted by on Feb 14, 2014 in Blog

I believe that most Vancouver home owners received home evaluation from BC Assessment in January or February of 2014. According to many feedback from home owners of Vancouver westside, West Vancouver and Downtown Vancouver, home value was decreased a lot from last assessment in 2013. We have to understand that 2014 assessment was based on Vancouver housing market stats in July 2013. The truth is June 2013 was the slowest month for real estate. Starting from July 2013, housing markets slowly warmed up. Till now Vancouver housing prices reach a relatively higher level. Obviously, 2014 BC assessment was not reflecting today’s market. Some home owners worried that buyers will refer to BC Assessment when making offers. But the fact is BC assessment home value is one of the few factors that buyers would care about. The recent stats about...

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Top 28 Grants and Rebates for Home Buyers and Owners

Posted by on Mar 8, 2013 in Blog

1. Home Buyers’ Plan Qualifying home buyers can withdraw up to $25,000 (couples can withdraw up to $50,000) from their RRSPs for a down payment. Home buyers who have repaid their RRSP may be eligible to use the program a second time. 2. GST Rebate on New Homes New home buyers can apply for a rebate of the federal portion of the HST (the 5% GST) if the purchase price is less than $350,000. The rebate is up to 36% of the GST to a maximum rebate of $6,300. There is a proportional GST rebate for new homes costing between $350,000 and $450,000. 3. BC New Housing Rebate (HST) Buyers of new or substantially renovated homes priced up to $850,000 are eligible for a provincial enhanced New Housing Rebate of 71.43% of the provincial portions (7%) of the 12%...

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New Personal Tax Credit Up to $10000 for First-Time Home Buyers in BC

Posted by on Mar 12, 2012 in Blog

THE B.C. FIRST-TIME NEW HOME BUYERS’ BONUS Subject to approval by the legislature, the B.C. government intends to implement a temporary BC First-Time New Home Buyers’ Bonus. Effective February 21, 2012, to March 31, 2013, the bonus is a one-time refundable personal income tax credit worth up to $10,000. Requirements to Qualify for the Bonus ELIGIBLE FIRST-TIME NEW HOME BUYER You will qualify as a first-time new home buyer if: -You purchase or build an eligible new home located in B.C.; -You, or for couples, you and your spouse or common law partner, have never previously owned a primary residence; -You file a 2011 B.C. resident personal income tax return, or if you move to B.C. after December 31, 2011, you file a 2012 B.C. resident personal income tax return (you will not be eligible for the bonus if...

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Vancouver BC Home Buyers In The Driver’s Seat

Posted by on Aug 12, 2010 in Blog

“A relatively large number of homes for sale have created the most favorable supply conditions for home buyers in more than a year,” said Cameron Muir, BCREA Chief Economist. MLS® active residential listings were 21 per cent higher in July than at the start of the year on a seasonally adjusted basis. However, with newly listed MLS® residential units now declining, tighter market conditions may emerge this fall. Detailed data and graphs are in this full report. If you are interested in investing or buying real estate properties in Vancouver area, please contact Angel immediately for best pricing and...

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What You Should Know About HST Housing Rebate In BC

Posted by on Mar 10, 2010 in Blog

As you’ve already known that July 1st is the day when the BC provincial government and federal government will combine the 7% provincial sales tax (PST) and the 5% federal Goods and Services Tax (GST) into a 12% Harmonized Sales Tax (HST). People here in BC had talked or complained about this new tax a lot since the day it’s announced back in Summer 2009. Now is the time to start preparing for this change, no matter what. As a rule of thumb, the GST rules that now apply to residential property will also apply under the HST. New rules about HST housing rebate: Buyers of new homes will be eligible for a rebate of 71.43% of the provincial portion (7% of the HST’s 12%) of the HST paid on the new home up to a maximum rebate of...

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