Posted on January 18th, 2008 by Roland Lewis
The pre-construction condo craze has a hidden benefit, as there could be thousands of dollars hidden in your sales contract. You have to pay GST on homes that have not had a previous owner, but the federal government gives some of that money back.
When you take possession of your newly-built home, you’re eligible for the aptly-named new housing rebate on GST. It applies to new condos, new mobile or floating homes, and substantially renovated homes, but Bradley Alvarez with the Canada Revenue Agency says there is a cutoff. “The fair market value of the land and the building when completed must be less than $450,000.” There is a separate rebate for the GST paid on a new property you intend to rent out.
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Posted on January 18th, 2008 by Roland Lewis
There are several real estate developments on the North Shore which are in the mid/final-construction phase on the North Shore. Touchstone is now entering the final phase of its construction and assignments are beginning to appear. The North Shore Touchstone properties once complete will be offering 1 bed, 2 bed and 2 bedroom plus den parkside homes.
These exclusive homes at Touchstone will be located above over fourteen thousand square foot commercial retail space that will be filled by the time you move in. Modern living spaces with contemporary features and finishes like open concept living will be standard in all Touchstone homes on the North Shore. Located at 1603 MacKay Avenue on the North Shore in Vancouver.
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Posted on January 18th, 2008 by Roland Lewis
Branches in Lynn Valley North Vancouver is Polygon’s new development.
Branches is a collection of apartment residences in North Vancouver’s Lynn Valley. Nestled in a quiet residential enclave, this community offers excellent access to shopping, schools, community amenities, transit and commuter routes. It’s also just minutes from all the parkland and wilderness that North Vancouver is famous for - mountain biking trails, skiing, snowboarding, rock climbing, hiking…it’s all at your doorstep.
Taking advantage of the scenic North Shore surroundings, Branches features striking Pacific Northwest design with unique details that include heavy timbers paired with brick and extensive glazing, low pitched roofs and extra-wide overhangs. Inside, these two and three bedroom homes will feature open living spaces and sophisticated interior design details including smooth granite counters, rich wood cabinetry and sleek stainless steel appliances.
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BRANCHES Lynn Valley, North Vancouver (CURRENT LISTINGS)
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GST rebates available for some new home buyers