Information about the new HST/PST housing transitional rules
The province will transition back to the Provincial Sales Tax (PST), which will replace the Harmonized Sales Tax (HST), on April 1, 2013. Until then, the province has announced transitional rules for new homes which take effect April 1, 2012.
Note: This information is current to February 21, 2012 and has been verified with the Canada Revenue Agency, HST Branch. However, the information could change depending on HST rulings to come.
Enhanced New Housing Rebate
Effective April 1, 2012,...
A plan to behead Vancouver's urban serpent: The Georgia Viaduct
From The Globe and Mail February 17, 2012 edition.
“Just look at all this wasted space,” says Larry Beasley, as he drives underneath the Georgia Viaduct near Quebec Street on a sunny February afternoon.
“Think of what we could do here – more green space, housing…”
“Yes and the new park could replace some of these eight lanes,” chimes in Jim Green, “who needs eight lanes?”
No, this is not the fragment of some strange planners reverie. This is an impromptu tour of the Vancouver...
The BC 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...
New property listed in Fraser VE, Vancouver East
January 2012 stats - Selection broadens and demand eases to kick off 2012 in the Greater Vancouver housing market
VANCOUVER, B.C. – February 6, 2012 – Greater Vancouver home sellers were more active
than buyers in January and overall home prices, according to the new MLS® Home Price Index
(MLS® HPI), continued to experience more stability and less fluctuation compared to the
beginning of 2011.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in
Greater Vancouver reached 1,577 on the Multiple Listing Service® (MLS®) in January 2012.
This represents a 4.9 per cent decrease...
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