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New HST Rules For Buyers   

  

The government raised the HST rebate threshold to $850,000 from $525,000 for new homes, meaning purchasers of new homes will be eligible for a rebate of up to $42,500, as of April 1 this year. The threshold will also apply to recreational homes outside the Lower Mainland and the capital region, which were previously not eligible for a rebate. The HST does not apply to resale housing.

 

If construction begins after April 1, 2013, the reinstated PST will apply. The government calculates this will cause about two per cent of PST to be embedded in the price of a new home.

 

For houses under construction before April 1, 2013, but with ownership after that date, the government will charge a transitional tax of two per cent and builders will get temporary housing transition rebates to offset PST on materials to help prevent double-taxation on homebuyers, the government announced.

 

The move is meant to smooth the transition from the HST back to the provincial sales tax. The five-per-cent federal portion of the HST will not change nor will any federal rebate programs change

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Last  Wednesday the Tsawwassen First Nations held an Open House for the public to learn more about a pair of major shopping center proposals.  The two new shopping centers would combine for about 1.8 million square feet of retail and entertainment space on 180 acres of what is now farmland near the corner of Highway 17 and 52nd street.

 

For more information on the proposal please click on the following link:

 

http://www.cbc.ca/news/canada/british-columbia/story/2012/01/12/bc-tsawwassen-mega-mall.html

 

 

 

 

 

 

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FOR IMMEDIATE RELEASE

 

LOCAL REALTOR® ACHIEVES NATIONAL RECOGNITION

 

Vancouver, BC.  Jeff Jantzi (Sutton Group – Seafair Realty) has been awarded the Seniors Real Estate Specialist (SRES®) designation by the Seniors Real Estate Specialist Council of the NATIONAL ASSOCIATION OF REALTORS® (NAR).

 

Jeff Jantzi joins more than 16,000 real estate professionals in North America who have earned the SRES® designation.  All were required to successfully complete a comprehensive course in understanding the needs, considerations, and goals of real estate buyers and sellers aged 55 and older.

 

SRES Council, founded in 2007, is the world's largest association of real estate professionals focusing specifically on representing senior clients in real estate transactions. There are more than 16,000 active members of the organization world-wide.  The NATIONAL ASSOCIATION OF REALTORS®, “The Voice for Real Estate,” is America’s largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries.

 

You may contact the Seniors Real Estate Specialist Council by telephone, (800)500-4564, by e-mail, [SRES@realtors.org], or by visiting the SRES Web site, [www.sres.org].

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FOR IMMEDIATE RELEASE

 
 LOCAL REALTORâ ACHIEVES NATIONAL RECOGNITION

 

Vancouver, BC – Jeff Jantzi has been awarded the Accredited Buyer’s Representation (ABRâ) designation by the Real Estate Buyer’s Agent Council. (REBAC) of the NATIONAL ASSOCIATION OF REALTORSâ (NAR).

 

Jeff, joins more than 30,000 real estate professionals in North America who have earned the ABRâ designation. All were required to successfully complete a comprehensive course in buyer representation and an elective course focusing on a buyer representation specialty, both in addition to submitting documentation verifying professional experience.

 

REBAC, founded in 1988, is the world's largest association of real estate professionals focusing specifically on representing the real estate buyer. There are more than 40,000 active members of the organization world-wide.  THE NATIONAL ASSOCIATION OF REALTORSâ, "The Voice for Real Estate," is the world's largest professional association, representing over 1,000,000 members involved in all aspects of the real estate industry.

 

You may contact the Real Estate Buyer’s Agent Council by telephone, (800) 648-6224, by e-mail, [rebac@realtors.org], or by visiting the REBAC website, [www.REBAC.net].

 

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In the last couple of weeks, a number of the homes which were purchased by BC Hydro (105) have come back on to the market.  Currently there are 27 homes listed, which range in price from $479,000 to $709,000.
 
Homes which are available along 53A (Central Tsawwassen) range in price from $499,000 to $580,000.  In Upper Tsawwassen the homes are priced between $589,000 to $709,000.
 
Currently there is only one home for sale that offers 2 kitchens (suite).  It is located at 1236 53A Street and has an asking price of $519,000.
 
In the first two weeks, three homes have sold.  They are:
 
914 53A St.       Asking $499,000 Sold Price $500,100
243 Murphy Dr.  Asking $559,000 Sold Price $559,000
1474 53A St.     Asking $569,000 Sold Price $569,000 
 
If you would like anymore information on these homes, please call or email me.
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