Please visit our Open House at 102 2140 12TH AVE W in Vancouver.
Open House on Tuesday, February 28, 2012 10:30 am - 12:00 pm
RARELY available studio. This amazing Kitsilano townhouse-style studio includes secure parking, an outdoor patio, a separate storage locker, cozy gas fireplace, in-suite laundry and more! Move-in ready and exceptionally spacious for a studio, with ample room for a living room, dining room and bedroom without feeling cramped. Located in the heart of Arbutus Walk, this home offers 2 seperate entrances - including its own private gated entrance from the street. Perfect location, terrific value & lovingly cared-for building! Don't miss this one.
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Please visit our Open House at 902 1288 MARINASIDE CREST in Vancouver.
Open House on Sunday, February 26, 2012 1:00 pm - 3:00 pm
RARE FIND! WATERFRONT WITH VIEWS OF WATER AND CITY! Exquisitly finished apartment with custom included furniture, Top miele and Leiberman appliances, silestone counter tops, italian tile, h/w flrs throughout, alpaca carpets, custom colours,grohe fixtures. Efficient layout makes this suite feel and look much larger then sq footage. Best location in Yaletowns Waterfront, Crestmark I. Only 4 suites on the 9th floor which makes for a exclusive and private retreat. 24 hour Concierge, top security. Rare 1 parking and 1 storage locker. Just walk outside your door to some of Vancouver's best eateries or go for a walk on the waterfront. Don't miss this one! Open House, Feb 26, Sunday 1-3pm
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February 22, 2012

In its 2012 Budget announced yesterday, the Provincial Government announced a temporary one-time refundable personal income tax credit worth up to $10,000. Details are on the information sheet below obtained from the Government Website. No doubt the accountants will be busier...

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 you move to B.C. after December 31, 2012); You are eligible for the B.C. HST New Housing Rebate; and you intend to live in the home as your primary residence.

ELIGIBLE NEW HOME

An eligible new home includes new homes (i.e., newly constructed and substantially renovated homes) that are purchased from a builder and that are owner-built. The bonus will be available in respect of new homes purchased from a builder where: A written agreement of purchase and sale is entered into on or after February 21, 2012; HST is payable on the home (e.g., HST will generally be payable if ownership or possession of the home transfers before April 1, 2013 - see further details below); and no one else has claimed a bonus in respect of the home. The bonus will be available in respect of owner-built homes where:A written agreement of purchase and sale in respect of the land and building is entered into on or after February 21, 2012; Construction of the home is complete, or the home is occupied, before April 1, 2013;and no one else has claimed a bonus in respect of the home.; A substantially renovated home is one where all or substantially all of the interior;of a building has been removed or replaced. Generally, 90% or more of the interior of the house must be renovated to qualify as a substantially renovated home.

Amount of the Bonus

MAXIMUM AMOUNT

The bonus is equal to 5% of the purchase price of the home (or in the case of owner-built homes, 5% of the land and construction costs subject to HST) to a maximum of $10,000.; PHASE-OUT FOR HIGHER INCOME

The bonus will be reduced based on an individual's/couple's net income (line 236 of your income tax return) using the following formula: For single individuals, the bonus is reduced by 20 cents for every dollar in net;income over $150,000 (bonus is reduced to zero at $200,000 net income).For couples, the bonus is reduced by 10 cents for every dollar in family net income over $150,000 (bonus is reduced to zero at $250,000 family net income).

THE B.C. FIRST-TIME NEW HOME BUYERS' BONUS

Additional Information

APPLICATION PROCESS

Individuals must apply for the bonus through the B.C. government. Individuals can apply once application forms have been posted on the B.C. Ministry of Finance website later this year. Applicants will be required to submit;documentation demonstrating;eligibility for the bonus.

ELIGIBLE NEW HOME

The bonus is available in respect of new homes (i.e., newly constructed and substantially renovated homes)where HST is payable. HST will generally be payable on homes purchased from a builder where ownership or possession transfer before April 1, 2013. Potential;buyers should consult with the builder to determine if the home will be subject to the HST. For owner-built homes, the bonus will be based on land and construction costs subject to the HST. Eligible new homes will include: Detached Houses, semi-detached houses, duplexes and townhouses,Residential condominium units,Mobile homes and floating homes, and ;Residential units in a cooperative housing corporation.

 

For More Information

INCOME TAXATION BRANCH

 

Ministry of Finance

Province of British Columbia

Telephone: (250) 387-3332 or 1 (877) 387-3332

Email: ITBTaxQuestions@gov.bc.ca

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Tourism Vancouver’s new destination film is blazing a trail around the globe via social media. Just one week after its official release, “It’s You…Vancouver” has received more than 100,000 views in 87 countries worldwide.

Incorporating a local band and original song, Tourism Vancouver’s three-minute production is among the world’s first professionally produced destination films in music video format.

The song is performed by Watasun, a local duo whose music fuses urban beats with traditional folk sounds. The word ‘Watasun’ simply means ‘Life’.

Throughout the video, the band perform their catchy tune while making appearances in, near or atop iconic Vancouver attractions, including snow-covered Grouse Mountain, an Aquabus ferry and the newly renovated BC Place stadium.

In collaboration with Watasun, along with partners Silent Joe West and Barbershop Films, Tourism Vancouver released the video last week through various social media channels, including the organization’s Inside Vancouver blog, Twitter accounts, Facebook page and YouTube.

In addition, Tourism Vancouver members and industry partners were encouraged to help extend the video’s reach by using it in their own marketing initiatives.

“We’re thrilled at the interest our destination film has received both locally and internationally,” said Walt Judas, vice president of Marketing Communications and Member Services at Tourism Vancouver.

“Locals love it, and we’ve had views from as far away as Kenya, Thailand and Jamaica. It’s extremely validating that taking an unconventional approach has paid off and called worldwide attention to Vancouver.”

“We shot the video for ‘It’s You… Vancouver’ over the course of six days, playing the song at least a couple hundred times,” said Watasun’s Reid Hendry.

“It was the first time Adam and I had made a video of such magnitude. Luckily, we had an amazing crew from Barbershop Films and beautiful scenery to keep us motivated. The whole experience reminded us that we can enjoy Vancouver’s natural beauty throughout the year, all around the city – anyone can.”

 

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I have listed a new property at 102 2140 12TH AVE W in Vancouver.
RARELY available studio. This amazing Kitsilano townhouse-style studio includes secure parking, an outdoor patio, a separate storage locker, cozy gas fireplace, in-suite laundry and more! Move-in ready and exceptionally spacious for a studio, with ample room for a living room, dining room and bedroom without feeling cramped. Located in the heart of Arbutus Walk, this home offers 2 seperate entrances - including its own private gated entrance from the street. Perfect location, terrific value & lovingly cared-for building! Don't miss this one. Open House Feb 25th, Saturday, 1-3pm
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Please visit our Open House at 102 2140 12TH AVE W in Vancouver.
Open House on Saturday, February 25, 2012 1:00 pm - 3:00 pm
RARELY available studio. This amazing Kitsilano townhouse-style studio includes secure parking, an outdoor patio, a separate storage locker, cozy gas fireplace, in-suite laundry and more! Move-in ready and exceptionally spacious for a studio, with ample room for a living room, dining room and bedroom without feeling cramped. Located in the heart of Arbutus Walk, this home offers 2 seperate entrances - including its own private gated entrance from the street. Perfect location, terrific value & lovingly cared-for building! Don't miss this one. Open House Feb 25th, Saturday, 1-3pm
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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.

 

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Please visit our Open House at 2301 1155 HOMER ST in Vancouver.
Open House on Sunday, February 19, 2012 1:00 pm - 3:00 pm
STUNNING CITY/WATER VIEWS from this immaculate corner 2 bedroom & den @ 'City Crest'. Featuring an open floorplan with lots of natural light, the bedrooms are located on seperate sides of the large & spacious living area for optimum privacy. This home has been tastefully & professionally renovated from top to bottom with brazilian cherry hardwood throughout, European Miele wshr/dryr, gourmet kitchen with new s/s appliances, imported tile backsplash, custom cabinetry, granite countertops and more! Includes TWO parking stalls & a storage locker. Located in Yaletown, City Crest is minutes away from everything downtown Vancouver has to offer - parks, eateries, shopping, skytrain, etc. Public Open Feb 19th, Sunday, 1-3pm.
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The Real Estate industry is a key economic driver in British Columbia. In 2008, 24,626 homes changed hands in the Board's area generating $1.03 billion in spin-offs. The Real Estate Board of Greater Vancouver is an association representing more than 9,400 REALTORS®. The Real Estate Board provides a variety of membership services, including the Multiple Listing Service®.
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I have sold a property at 210 5723 COLLINGWOOD ST in Vancouver.
Chelsea @ Southlands - 2001 Silver Georgia award winner in the best low-rise category! This well laid-out 899 square foot, 2 bedroom, 2 bathroom north-facing home features a large open kitchen, an enclosed balcony, and cozy gas fireplace. 1parking, 1 storage locker. Walking distance to some of the best schools (Crofton House, Kerrisdale Elementary), transit, IGA and local shops & eateries. Easy access to St. Georges, Point Grey Secondary, UBC, golf courses and more. Priced to SELL, don't miss this one!
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