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Subject to approval by the BC Legislature, the BC Government intends to implement a temporary BC First-Time New Home Buyers' Bonus. Effective February 21, 2012 to March 31, 2012, the bonus is a one-time refundable personal income tax credit worht up to $10,000.
 
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Please visit our Open House at 5248 GLEN ABBEY PL in Tsawwassen.
Open House on Sunday, February 19, 2012 2:00 pm - 4:00 pm
Beautiful architecturally designed and custom built 3063 Sq Ft 4/5  Bedroom + Den,  3 Bathroom home in immaculate condition. Located on a quiet dead-end street, 1 block from the new Tsawwassen Golf Course. Quality built with an open-concept layout, beautiful landscaping and attention to detail make this home truly stand out. Loaded with custom features such as a large gourmet kitchen/great room, huge master bedroom with private deck and large ensuite with jetted tub, in-floor radiant heat on both floors, skylights, vaulted & 9' ceilings throughout, Hepa air exchange system, Fisher Paykel & Asko appliances, 2x6 construction, stained-glass features throughout, concrete tile roof, built-in vacuum, built-in speakers and more. Call now for viewing. PUBLIC OPENS: Saturday/Sunday January 28th/29th, 2-4 PM.
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Government announces new HST/PST housing transitional rules

The government today announced the HST/PST transitional rules on new homes.

As the province transitions back to the PST, which will replace the HST effective April 1, 2013, measures to ease the HST burden on new home buyers include:

  • The BC New Housing Rebate threshold will increase to $850,000 from $525,000, so that more than 90% of newly built homes will now be eligible for a provincial HST rebate effective April 1, 2012.
  • The maximum rebate will increase to $42,500 from $26,250 effective April 1, 2012.
  • Buyers of new secondary vacation or recreational homes outside the Greater Vancouver and Capital Regional Districts priced up to $850,000 will now be eligible to claim a provincial grant of up to $42,500 effective April 1, 2012.
  • For newly built homes where construction begins before April 1, 2013, but ownership and possession occur after, purchasers will not pay the 7% provincial portion of the HST. Instead, purchasers will pay a temporary, transitional provincial tax of 2% on the full house price. 

HST/PST transition rules will help ensure that whenever purchasers buy a new home they will all pay a consistent and equitable amount of tax, whether the home is built:

  • entirely under the HST;
  • entirely under the PST; or
  • partly under HST and partly under the PST.

The temporary housing transition measures will be in place until March 31, 2015. The tax only applies to homes where construction begins before the transition date and ownership and possession occur after.

REBGV successfully advocated for the following:

  • An increase in the threshold value of homes to be covered by the rebate;
  • An increase in the rebate amount;
  • An announcement of the transition rules for new homes as early as possible. 

The BC Real Estate Association plans to provide Boards with a list of FAQs and draft contract language that REALTORS® can use in their listing agreements and contracts of purchase of sales contracts. We will post these on www.realtorlink.caand in REALTORLink News.

For more information, visit the BC Ministry of Finance at: www.pstinbc.ca

To read the Ministry of Finance announcement: www.newsroom.gov.bc.ca/2012/02/transition-measures-support-new-home-buyers-builders.html

If you have questions, please contact Harriet Permut, Manager, Government Relations, at hpermut@rebgv.org
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Please visit our Open House at 24 1700 56TH ST in Tsawwassen.
Open House on Saturday, February 18, 2012 2:00 pm - 4:00 pm
Wonderfully appointed 1,588 SqFt 3-bedroom/3-bathroom Townhome in The Pillars. Quiet yet central location, close to schools, shopping, recreation centre, parks and beach. Fantastic open layout with main floor living and bedrooms up,2 separate outdoor patios (front and back) and 2 secured underground parking stalls with direct private access to townhome. In-floor radiant heat on main, granite island in kitchen, lots of storage, workshop, large ensuite in master and new roof in 2011. Radiant heat, hotwater and gas included in maintenance fee. This one's a gem. PUBLIC OPEN: Saturday February 18th, 2-4 PM.
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Please visit our Open House at 5248 GLEN ABBEY PL in Tsawwassen.
Open House on Saturday, February 18, 2012 2:00 pm - 4:00 pm
Beautiful architecturally designed and custom built 3063 Sq Ft 4/5  Bedroom + Den,  3 Bathroom home in immaculate condition. Located on a quiet dead-end street, 1 block from the new Tsawwassen Golf Course. Quality built with an open-concept layout, beautiful landscaping and attention to detail make this home truly stand out. Loaded with custom features such as a large gourmet kitchen/great room, huge master bedroom with private deck and large ensuite with jetted tub, in-floor radiant heat on both floors, skylights, vaulted & 9' ceilings throughout, Hepa air exchange system, Fisher Paykel & Asko appliances, 2x6 construction, stained-glass features throughout, concrete tile roof, built-in vacuum, built-in speakers and more. Call now for viewing. PUBLIC OPENS: Saturday/Sunday January 28th/29th, 2-4 PM.
Read Full Story
Please visit our Open House at 5248 GLEN ABBEY PL in Tsawwassen.
OPEN HOUSE: Sat, Feb 11 2-4PM
Beautiful architecturally designed and custom built 3063 Sq Ft 4/5  Bedroom + Den,  3 Bathroom home in immaculate condition. Located on a quiet dead-end street, 1 block from the new Tsawwassen Golf Course. Quality built with an open-concept layout, beautiful landscaping and attention to detail make this home truly stand out. Loaded with custom features such as a large gourmet kitchen/great room, huge master bedroom with private deck and large ensuite with jetted tub, in-floor radiant heat on both floors, skylights, vaulted & 9' ceilings throughout, Hepa air exchange system, Fisher Paykel & Asko appliances, 2x6 construction, stained-glass features throughout, concrete tile roof, built-in vacuum, built-in speakers and more. Call now for viewing. PUBLIC OPENS: Saturday/Sunday January 28th/29th, 2-4 PM.
Read Full Story
Please visit our Open House at 5248 GLEN ABBEY PL in Tsawwassen.
OPEN HOUSE: Sat, Feb 11 2-4PM
Beautiful architecturally designed and custom built 3063 Sq Ft 4/5  Bedroom + Den,  3 Bathroom home in immaculate condition. Located on a quiet dead-end street, 1 block from the new Tsawwassen Golf Course. Quality built with an open-concept layout, beautiful landscaping and attention to detail make this home truly stand out. Loaded with custom features such as a large gourmet kitchen/great room, huge master bedroom with private deck and large ensuite with jetted tub, in-floor radiant heat on both floors, skylights, vaulted & 9' ceilings throughout, Hepa air exchange system, Fisher Paykel & Asko appliances, 2x6 construction, stained-glass features throughout, concrete tile roof, built-in vacuum, built-in speakers and more. Call now for viewing. PUBLIC OPENS: Saturday/Sunday January 28th/29th, 2-4 PM.
Read Full Story
Please visit our Open House at 5248 GLEN ABBEY PL in Tsawwassen.
OPEN HOUSE: Sat, Feb 11 2-4PM
Beautiful architecturally designed and custom built 3063 Sq Ft 4/5  Bedroom + Den,  3 Bathroom home in immaculate condition. Located on a quiet dead-end street, 1 block from the new Tsawwassen Golf Course. Quality built with an open-concept layout, beautiful landscaping and attention to detail make this home truly stand out. Loaded with custom features such as a large gourmet kitchen/great room, huge master bedroom with private deck and large ensuite with jetted tub, in-floor radiant heat on both floors, skylights, vaulted & 9' ceilings throughout, Hepa air exchange system, Fisher Paykel & Asko appliances, 2x6 construction, stained-glass features throughout, concrete tile roof, built-in vacuum, built-in speakers and more. Call now for viewing. PUBLIC OPENS: Saturday/Sunday January 28th/29th, 2-4 PM.
Read Full Story
Please visit our Open House at 5248 GLEN ABBEY PL in Tsawwassen.
OPEN HOUSE:
Beautiful architecturally designed and custom built 3063 Sq Ft 4/5  Bedroom + Den,  3 Bathroom home in immaculate condition. Located on a quiet dead-end street, 1 block from the new Tsawwassen Golf Course. Quality built with an open-concept layout, beautiful landscaping and attention to detail make this home truly stand out. Loaded with custom features such as a large gourmet kitchen/great room, huge master bedroom with private deck and large ensuite with jetted tub, in-floor radiant heat on both floors, skylights, vaulted & 9' ceilings throughout, Hepa air exchange system, Fisher Paykel & Asko appliances, 2x6 construction, stained-glass features throughout, concrete tile roof, built-in vacuum, built-in speakers and more. Call now for viewing. PUBLIC OPENS: Saturday/Sunday January 28th/29th, 2-4 PM.
Read Full Story
Please visit our Open House at 5248 GLEN ABBEY PL in Tsawwassen.
OPEN HOUSE: Sat, Feb 11 2-4PM
Beautiful architecturally designed and custom built 3063 Sq Ft 4/5  Bedroom + Den,  3 Bathroom home in immaculate condition. Located on a quiet dead-end street, 1 block from the new Tsawwassen Golf Course. Quality built with an open-concept layout, beautiful landscaping and attention to detail make this home truly stand out. Loaded with custom features such as a large gourmet kitchen/great room, huge master bedroom with private deck and large ensuite with jetted tub, in-floor radiant heat on both floors, skylights, vaulted & 9' ceilings throughout, Hepa air exchange system, Fisher Paykel & Asko appliances, 2x6 construction, stained-glass features throughout, concrete tile roof, built-in vacuum, built-in speakers and more. Call now for viewing. PUBLIC OPENS: Saturday/Sunday January 28th/29th, 2-4 PM.
Read Full Story
Please visit our Open House at 24 1700 56TH ST in Tsawwassen.
OPEN HOUSE: Sunday, Feb 12 2-4PM
Wonderfully appointed 1,575 SqFt 3-bedroom/3-bathroom Townhome in The Pillars. Quiet yet central location, close to schools, shopping, recreation centre, parks and beach. Fantastic open layout with main floor living and bedrooms up,2 separate outdoor patios (front and back) and 2 secured underground parking stalls with direct private access to townhome. In-floor radiant heat on main, granite island in kitchen, lots of storage, workshop, large ensuite in master and new roof in 2011. Radiant heat, hotwater and gas included in maintenance fee. This one's a gem. PUBLIC OPEN: Sunday February 12th, 2-4 PM.
Read Full Story
I have listed a new property at 24 1700 56TH ST in Tsawwassen.
Wonderfully appointed 1,575 SqFt 3-bedroom/3-bathroom Townhome in The Pillars. Quiet yet central location, close to schools, shopping, recreation centre, parks and beach. Fantastic open layout with main floor living and bedrooms up,2 separate outdoor patios (front and back) and 2 secured underground parking stalls with direct private access to townhome. In-floor radiant heat on main, granite island in kitchen, lots of storage, workshop, large ensuite in master and new roof in 2011. Radiant heat, hotwater and gas included in maintenance fee. This one's a gem. PUBLIC OPEN: Sunday February 12th, 2-4 PM.
Read Full Story
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