Morgan Duvernet

The 2% BC Transition Tax on new homes is coming April 1, 2013

If you have clients who will be buying a new home in the next few months or over the next two years, then you need to know about the 2% BC Transition Tax.

"These transition rules are part of a comprehensive package designed to provide equity for buyers of newly built homes and clarity and certainty for the construction industry – ...

There are 332 homes for sale as of February 6, 2013 in North Vancouver

Price Range of Current North Vancouver Houses For Sale

13 houses priced under $699,999

29 houses priced under $799,999

50 houses priced under $899,999

38 homes priced under $999,999

47 homes priced between $1,000,000 and $1,249,999

58 homes priced between $1,250,000 and $1,499,999

54 duplex’s priced between $1,500,000 an ...

Depreciation Reports for Strata Properties:

Over the last year I have had many clients ask about the upcoming depreciation reports and how they are going to effect the Real Estate Market.

On December 14, 2011 new requirements came into effect for Depreciation Reports.

The most common questions I get:

What is a Depreciation Report?

A depreciation report helps Strata Corporations plan for repai ...

Thanks to the Real Estate Board of Greater Vancouver for sending out this article regarding insuring secondary suites.



Secondary suites continue to be an affordable housing option for Metro Vancouver area residents, benefitting home owners as mortgage helpers and tenants as a less expensive roof over their heads.

Secondary suites are so prevalent that Canada Mortgage and Housing Corporatio ...

Yesterday, the federal government announced it is moving to tighten the mortgage rules again. If you are thinking about buying or selling this could be very important to you. If you have any questions please don’t hesitate to call or e-mail me anytime.

Please read the e-mail sent from Mortgage Broker Chantal Chapman regarding the changes and implications.

The changes are as follows:

1. Redu ...

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. 
Canada Revenue Agency www.cra.gc.ca. Enter ‘Home Buyers’ Plan’ in the search box.
1.800.959.8287

2) GST Rebate on New Homes

New home buyers can apply for a reba ...

We have seen a number of changes to our tax system over the last few years and we are about to enter into another phase at the end of this month.

Thank you to Chantel Chapman for laying out the HST transitional rules. See below

If you have any mortgage questions contact Chantel directly!

The Integré Mortgage Partners Team
Chantel Chapman, AMP
Mortgage Partner
604-904-6910 office  604-377-97 ...

Kitsilano is growing again! KitsWest, the new condo project by Redekop Group of Companies will soon be calling the vacant lot on the North West corner of 4th and MacDonald home

 

KitsWest will be a boutique building with 50 residences. From what we hear over 60% of the homes will have large outdoor space which will be well received by Kitsilano locals. 

The location for this latest additio ...

Great news for buyers in British Columbia looking to buy a pre-sale home!

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 mor ...