I have sold a property at 36428 FLORENCE DR in Abbotsford.
9300+ sq ft lot with unobstructed views of Mt. Baker and the Sumas Flats! Rare opportunity to own a flat lot in Falcon Ridge, as this is the only lot available for sale and many homes have already gone up. Build your dream home today! Callfor more details and to schedule your private showing.
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Please visit our Open House at 6393 190TH ST in Surrey.
Open House on Tuesday, March 25, 2014 3:30 pm - 5:30 pm
Lowest price point to get into this neighbourhood! Just renovated cozy rancher on HUGE 9660 sq ft lot ! Reno's include a brand new roof, flooring throughout, both bathrooms completely gutted & more! Features a great floor plan; off theentrance walk into the combo dining-living area with great bay windows. Next, off the bright kitchen you have a family room with sliding door to your hot tub and spacious and private backyard. Back inside you will find 3 bedrooms & den (could be 4th bed) and 2 full baths, with the master featuring an ensuite and walk-in closet. The double garage offers plenty of space for your vehicles or toys with bonus RV parking as well! Call today for your personal showing!
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First-time home buyers looking to get into the B.C. real estate market can benefit from a new program launched by Vancity Credit Union. The program is meant to help buyers looking to get into the market but don't have the minimum 5 percent down payment. All you need is 2.5% down and Vancity will cover the other 2.5%. Details are below on the Down Payment Helper Mortgage from Vancity. This program runs till August 1, 2014.


Down Payment Helper Mortgage

 Vancity_mortgage_helper

As a member-owned co-operative, we believe in listening to your needs. One such need that we’ve heard from our members is that it is difficult to save up the down payment required to purchase a home.

 

The Down Payment Helper Mortgage* is an innovative solution to give first time homebuyers a hand up to achieving home ownership.

 

Vancity will contribute up to 2.5% of the 5% minimum down payment required when purchasing a home up to $500,000.  We’ll also provide you the advice you need to ensure that this product is right for you.

 

Details

 

  • ·       Maximum home purchase amount is $500,000
  • ·       Maximum amortization is 25 Years
  • ·       Maximum Vancity contribution to down payment is $12,500
  • ·       Maximum mortgage amount is $475,000
  • ·       No minimum mortgage amount required
  • ·       Eligible on 5-year fixed term and 5-year Variable fixed term
  • ·       This offer can be combined with the $1,500 savings on legal and appraisal fees promotion*
  • ·       Must be approved by CMHC or Genworth (high ratio carriers)

 

Contact

 

 

Contact Sat or Amar to get you into touch with one of our Vancity brokers.

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I have listed a new property at Surrey.

Commercial Unit

¨ 6.7% CAP RATE!

¨ 4152 sq ft Total

¨ High demand Surrey location

¨ Great Tenant

¨ Rare opportunity

Industrial/Commercial unit in the heart of Surrey on two floors. Current leased at $3500 triple net with 3 years remaining! Get it now with a great tenant. Have ideas for your own business? We can make that work too!

Above:Large operating TV studio, edit room, video library, executive office and bathroom

Below: Reception area, boardroom, 5 offices, large training area, kitchen washroom and dressing room

Suitable for many business’: TV/RADIO, MUSIC STUDIO. WEDDING AND VIDEO PRODUCTIONS, OFFICE, PUBLISHING, TUTORING, REAL ESTATE OFFICE AND MORE

Call for more details!

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I have listed a new property at 26647 FRASER HWY in ALDERGROVE.
Convenience store with great exposure right on busy Fraser Highway and a great loyal customer base. The shop offers Lotto, tobacco, smoking glassware, fishing & hunting licenses and more! + a bonus 1 bedroom suite with kitchen and full bath at the rear of the store. Opportunity to be your own boss and run this small operation. Call for further details.
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I have sold a property at 210 32025 TIMS AVE in Abbotsford.
Immaculate unit in Elmwood Manor..The largest layout offered in the building with 3 bedrooms and 2 full baths! Recent updates include new flooring, a completely remodeled bath, fresh paint, newer appliances, a new fireplace & new roof in2012. Great floor plan with generous sized bedrooms and a completely enclosed east facing patio to enjoy the sun. The location is central to everything including shops, restaurants and churches. Building restrictions include age; 55+, no pets, and no rentals. Strata fees include utilities! Call today for your personal showing.
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I have listed a new property at 6393 190TH ST in Surrey.
Lowest price point to get into this neighbourhood! Just renovated cozy rancher on HUGE 9660 sq ft lot ! Reno's include a brand new roof, flooring throughout, both bathrooms completely gutted & more! Features a great floor plan; off theentrance walk into the combo dining-living area with great bay windows. Next, off the bright kitchen you have a family room with sliding door to your hot tub and spacious and private backyard. Back inside you will find 3 bedrooms & den (could be 4th bed) and 2 full baths, with the master featuring an ensuite and walk-in closet. The double garage offers plenty of space for your vehicles or toys with bonus RV parking as well! Call today for your personal showing!
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B.C.'s residential home sales are predicted to grow 6.3

per cent next year as the housing market.

The association's Fourth Quarter Housing Forecast shows a positive outlook for 2014 after home sales declined through 2012 before recovering this year.moves into balanced territory, favouring neither sellers nor buyers, says the B.C. Real Estate Association.

 

Sales are expected to jump to 76,200 units next year after rising just over six per cent in 2013 as consumer demand picked up, bringing home sales to long-term average levels.

 

Ramped-up consumer demand has come at the same time as listings have fallen nine per cent this year, potentially pushing the average home price up 4.3 per cent to $537,100 this year and another 2.1 per cent to $548,200 in 2014.

 

Housing starts, however, are expected to see slower growth, falling five per cent to 26,100 units this year before jumping 3.8 per cent to 27,100 units in 2014.

 

The average Greater Vancouver home price on the Multiple Listing Service (MLS) is expected to increase 4.8 per cent this year to $765,000 and rise a further 0.9 per cent to $772,000 next year.

 

However, consumer demand in the Vancouver area is expected to flatten due to weak economic growth and slow employment gains.

 

 

Source: British Columbia Real Estate Association

 

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First-time home buyers received welcome news in earlier this month in a  provincial First time buyers tax exemptionbudget.Any REALTORS® currently working with first-time buyers will want to share this news with them as soon as possible.

 

The government has announced, effective February 19, 2014, under the Property Transfer Tax (PTT) First-Time Home Buyers’ Exemption program, qualifying first-time buyers can buy a home worth up to $475,000. The previous threshold was $425,000.

 

What is the PTT?


The PTT is a "transfer tax" paid by a buyer in a real-estate transaction in BC. A buyer would pay 1% tax on the first $200,000 of the purchase price and 2% on the remainder. First time buyers, if they qualify (see below), were previously exempt from this tax up to $425,000 of which is now been increased to $475,000 with a partial exemption up to $500,000.

 

See a chart with tax amounts payable

 

Why the change?

 

The partial exemption continues and will apply to homes valued between $475,000 and $500,000.

With this change, the government estimates 1,700 additional first-time buyers will annually be eligible to save up to $7,500 in PTT when they buy their home.

 

The government estimates this measure will cost $8 million in lost tax revenue each year.

The Real Estate Board, together with BC Real Estate Association, has actively lobbied to make home ownership more affordable for first-time home buyers. This increase in the threshold clearly signals our efforts have paid off as in past years.

 

In 2008, as a result of industry lobbying, the provincial government increased the threshold to $425,000 from $375,000.

 

In 2005, the government increased the threshold to $325,000 from $275,000.

 

Do you Qualify?

 

To qualify for a full exemption (PDF), at the time the property is registered you must:

  • be a Canadian citizen or permanent resident
  • have lived in B.C. for 12 consecutive months immediately before the date you register the property or filed at least 2 income tax returns as a B.C. resident in the last 6 years
  • have never owned an interest in a principal residence anywhere in the world at any time
  • you have never received a first time home buyers’ exemption or refund

and the property must:

You may qualify for a partial exemption (PDF) from the tax if the property:

More than one purchaser?


If one or more of the purchasers don’t qualify, only the percentage of interest that the first time home buyer(s) have in the property is eligible.

 

For example, if you qualify and purchase a property with a fair market value of $400,000 with a person that doesn’t qualify you would still qualify. If you owned a 60% interest in the property, 60% of the tax amount would be eligible for the exemption.

 

Source: Government of BC - http://www2.gov.bc.ca/


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