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速 pg.08
HST WHAT YOU
NEED TO KNOW pg.06
December Housing Starts in British Columbia
50 Listings +
Commercial & Residential
Howe St Davie St
Richards St
Robson St
Helmcken St
Seymour St
Smithe St
Nelson St
Granville St
Residential Listings
1257 Chartwell Pl, WestVancouver
233 Robson St, Vancouver
#3006
hamidreza mokhtarian
soroush babaeian
4,532 sq.ft • 6 bedrooms & 3 bathrooms City & harbour views Recently renovated with new appliances Close to schools and transportation
498 sq.ft • Studio tv tower 2 Laminated floor
$339,000
$2,300,000
3355 Cypress Pl, WestVancouver
#502
3135 Chestnut Cres, Anmore
soroush zonuzi
camron mackenzie
1950 sq.ft • 2 bedroom & den Panoramic south ocean view 190 sq.ft balcony
4,800 sq.ft with .88 of an acre Minutes from Port Moody 6 bedrooms, 4 bathrooms & 2 kitchens Two blocks from Buntzen Lake.
$1,080,000
$1,498,000
568 Sentinel Dr, Mill Bay
omid mashinchi 4,500 sq.ft • 5 bedrooms & 2 baths Sensational Ocean views. 3-car garage & 2 levels of luxury living
574 Sentinel Dr, Mill Bay
omid mashinchi 3,555 sq.ft • Bright open floor plan 5 bedrooms, 2 kitchens & 2 baths Large rec room, graceful formal entry
7272 Inlet Dr, Burnaby
608 2012 Fullerton Ave, NorthVancouver
$458,000
2582 163A St, Surrey
2588 163A St, Surrey
brad cowden 3,408 sq.ft • Build your dream home 4 bedrooms, 2 kitchens & 3 baths Measurements vary based on selection
brad cowden 3,408 sq.ft • Build your dream home 4 bedrooms, 2 kitchens & 3 baths Measurements vary based on selection
$749,900
$618,000
#
daniel preston 2,288 sq.ft • 3 bedrooms & bath Log home, new roof and updated Close to Harrison Hot Springs
$788,000
$868,000
daniel preston 2,300 sq.ft • 3 bedrooms & bath Mountain & inlet view New roof, paint, fence
5625 Limbert Rd, Agassiz
1503 2008 Fullerton Ave, NorthVancouver
#
mike mehin 691 sq.ft • 1 bedrooms & bath South facing view of garden, lots of light Recently upgraded kitchen, flooring
iman mogadam 844 sq.ft • Northwest corner 2 bedrooms, 1 bath View of Stanley Park, Lion’s Gate, & Bay
$284,900
$395,000
$749,900
36 2110 Whistler Rd, Whistler
#
daniel preston 3 bedrooms & 3 baths Vacation home or Investment Currently leased to language school
$524,000
5270 Kew Rd, WestVancouver
3108 1178 Heffley Rd, Coquitlam
#
soroush babaeian 6,230 sq.ft • 2 kitchens 6 bed & 2 baths Indoor pool and spa Ocean views, close to the beach
iman moghadam 954 sq.ft • 2 bedrooms, den & 2 baths Spacious and bright, unobstructed view Minutes to shopping, library, and lake
$1,599,000
$385,000
313 175 E 4th Ave, NorthVancouver
3959 Parker St, Burnaby
#
yvon justin cote 640 sq.ft • 1 bedrooms & bath Renovated, close to everything View of water and city
farhood hashemian 4,026 sq.ft • Desirable area 4 bedrooms & 4 baths 9’ Ceiling & open floor plan
305 633 Abbott St, Vancouver
iman moghadam 900 sq.ft • 2 bedrooms & 2 baths Convenient location, close to everything Contemporary finishings throughout
$569,000
iman moghadam 1,085 sq.ft • 2 bedrooms & 2 baths Large upper unit in heart of Yaletown 1 parking and 1 storage
$535,000
4007 1111 Alberni St, Vancouver
#
alan charlton 1,429 sq.ft • Shangri-La 2 bedroom & 2 baths, storage & parking Unobstructed views
$899,900
$299,000
#
2706 930 Cambie St, Vancouver
#
3004 1188 Pender St, Vancouver
#
karolina figarski 1,039 sq.ft • 2 bedrooms & 2 baths Prime Coal Harbour location View of water and city
$929,800
$1,548,000
1207 188 Keefer Pl, Vancouver
#
iman moghadam 883 sq.ft • 2 bedrooms & 2 baths Convenient location, close to everything Contemporary finishings throughout
$559,950
HST
What You Need to Know
The provincial and federal governments will combine the 7% provincial sales tax (pst) and the 5% federal Goods and Services Tax (gst) into a 12% Harmonized Sales Tax (hst) on July 1, 2010. Now is the time to start preparing for this change. As a rule of thumb, the gst rules that now apply to residential property will also apply under the hst.
New Housing Rebate
You may be eligible for a provincial New Housing Rebate if you buy, as your primary residence: • a new home together with land; • a new home together with leased land; • a new mobile home or float home; • a new home purchased through shares in a housing • cooperative; or • a home constructed or substantially renovated (more than 90%) by the owner-builder. Buyers of new homes will be eligible for a rebate of 71.43% of the provincial portion (7% of the hst’s 12%) of the hst paid on the new home up to a maximum rebate of $26,250. Homes prices at more than $525,000 will be eligible for a flat rebate of $26,250. Provincial *Federal gst Home Price new housing new housing Total rebate rebate rebate $350,000 $525,000
(Now)
(July 1, 2010)
$6,300 $0
$17,500 $26,250
$23,800 $26,250
*The federal gst New Housing Rebate is 36% of the tax paid on the first $350,000 of the home price. The gst rebate is phased out for homes priced between $350,000 and $450,000. Note: the provincial New Housing Rebate is limited to primary residences. Recreational property not used as a primary residence does not qualify.
Mortgage Cheat Sheet
Mortgage Rate
Presales
Agreements signed before November 18, 2009 • If you buy a presale residential property and you have an agreement dated on or before November 18, 2009 and • if you take ownership or possession before July 1, 2010, You will not pay the hst and will not be eligible for a New Housing Rebate.You will pay the gst. • If you buy a presale property and the agreement is dated on or before November 18, 2009 and you take ownership or possession after July 1, 2010, you will pay the hst and may be eligible for a New Housing Rebate. Agreements signed after November 18, 2009 • If you buy a presale property and the agreement is dated after November 18, 2009 and you take ownership or possession before July 1, 2010, you will not pay the hst and will not be eligible for a New Housing Rebate.You will pay the gst. • If you buy a presale property and the agreement of purchase and sale is dated after November 18, 2009 and you take ownership or possession after July 1, 2010, you will pay the hst and may be eligible for a New Housing Rebate
Parking Spaces
If you rent a parking space the hst will apply as of July 1, 2010.
Monthly Payment (for every $100,000 loan and 300 installments)
2% 2.25% 2.5% 2.75% 3% 3.25% 3.5% 3.75% 4% 4.25% 4.5% 4.75% 5% 5.25% 5.5% 5.75% 6% 6.25% 6.5% 6.75% 7% $424 $436 $449 $461 $474 $487 $501 $514 $528 $542 $556 $570 $585 $599 $614 $629 $644 $660 $675 $691 $707
Buying a New or a Resale Home
The 12% hst will be charged on a range of goods and services including the following: • home renovations; • energy efficient appliances, insulation, windows and doors; • heating and electricity bills, telephone, cable; • closing costs such as appraisals and inspections; • moving costs; and • realtor® fees or commissions.
Vacant land
Whether you pay the hst depends on who you buy the land from. • If you buy a lot from an individual (not a developer) who has never used it for business purposes, you will be exempt from paying the hst. • If you buy the lot from an individual who has subdivided it into more than two lots (three or more lots), or from a developer, you will pay the 5% gst if the possession date is before July 2010, even if the title transfers after July 1, 2010. If possession is transferred after July 1, 2010, you will pay the 12% hst. • If you plan to build a home, if the majority (90%) is completed after July 1, 2010, you will pay the hst.You may be able to recover a portion of the hst through the New Housing Rebate. If you are selling personal use vacant land and the sale is now exempt from the gst, the sale will be exempt from the hst after June 30, 2010.
The hst is not the ptt The Property Transfer Tax (ptt) is a separate provincial tax on all property transfers. The rate is 1% on the first $200,000 and 2% on the remainder of the property price and charged on the price of the property before the gst/hst is applied. Eligible first-time home buyers may qualify for a ptt exemption. Will residential landlords pay the hst? If you now pay the gst, you will pay the hst on maintenance, hydro, cable television and other services provided to tenants. You will not be able to claim input tax credits and will not be allowed to recover the hst from tenants because owning residential rental property is an exempt activity and landlords can’t register for the gst/hst. Resale homes The hst applies to new homes. It doesn’t apply to resale homes. IMPORTANT DATES May 1, 2010 • the hst will apply to amounts that are paid or payable on or after this date for goods or services provided on or after July 1, 2010. July 1, 2010 • the hst rate will be 12% (5% federal + 7% provincial). The pst will be eliminated. July 1, 2010 • the hst will not apply to a service where most (90% or more) is completed before July 2010.
Source: Real Estate Board of GreaterVancouver
8895 112A St, Delta
alan charlton 2,087 sq.ft • 4 bedrooms & 2 baths Split entry basement home Steps to schools and parks
$477,900
323 1336 Main St, Squamish
#
daniel preston 920 sq.ft • 2 bedrooms & 2 baths Views of Shannon Falls & marina Stainless steel appliances
$338,500
soroush babaeian
davor milidrag
hamidreza mokhtarian
nataliya pick
farhood hashemian
hossein ameli
matthew mirdamadi
shiraz mohamed
marie magee
karim juma
soroush zonuzi
iman mogadam
maria belanic
maryam hassanian
jerry cooper
cici
karolina figarski
mike mehin
natasha voitemkova
hamid teimoori
naghmeh manshadi
justin yvon cote
naser fazli
michael t. hickey
james m. walker
christopher howard
bruce keshavarz
ron sanyal
omid khosravi
arun dua
alan charlton
leigh walker
sonny nima
omid mashinchi
cameron mackenzie
milad khavari
adam mazaheri
christina modonese
daniel preston
kenneth karl
&
sher nima
iman seifi
our realtor®
LeighWalker
I
802 2982 Burlington Dr, Coquitlam
#
farhood hashemian 720 sq.ft • 1 bedroom & den Walking distance to Coquitlam centre Brand New
$399,000
began my career in Real Estate 1993 as a Realtor in Maple Ridge. I concentrated on both residential commercial sales while attending Langara College in Vancouver, completing the Real Estate Program in 1996. After a short period with the bc Assessment Authority I moved into a career in residential fee appraising after creating Walker Consulting Ltd. Walker Consulting began contracting to Don Lawrenson and Associates Ltd. which was one of the top firms in the Lower Mainland. We concentrated residential appraisals for mortgage financing, tax purposes, and expropriation, litigation and mortgage insurance purposes. In 2008 Walker Consulting purchased Don Lawrenson and Associates and the company name
was changed to Lawrenson Walker Realty Advisors. We have stayed true to our principles and have grown to be one of the largest residential only appraisal firms in the BC. I have a passion for Vancouver real estate and not a day goes by that I do not reflect on how lucky we are to live in such an incredible City, doing work that we love. Furthermore, I am proud to be a member of the Royalty Group Realty team. “We at Lawrenson Walker adhere to the highest standards and we inspire others to work efficiently with us, keeping integrity and service in the forefront of all that we do”. You can contact Leigh Walker at 604.313.7607
502 4380 Halifax St, Burnaby
760 Highpointe Dr, Kelowna
#
farhood hashemian 872 sq.ft • 2 bedroom & 2 baths Close to Skytrain & shopping Built by Bosa, great condition
$379,000
bruce keshavarz 5,401 Sq ft • 4 bedrooms & 5 baths City view, lake view, mountain view Luxury house under construction
$2,850,000
302 1661 Fraser Av, Port Coquitlam
#
hamidreza mokhtarian 1052 sq.ft • 2 bedrooms, 2 baths Quiet place Close to school, shopping & transit
2501 1200 Alberni St, Vancouver
yvon justin cote 1,152 sq.ft • 2 bedroom & 3 bath Southeast facing, updated Views to English Bay and Downtown
120 3176 Plateau Bv, Coquitlam
omid mashinchi 1,265 sq.ft • 2 bedrooms & 2 baths Some work in progress, paid for 2 private decks
802 1205 Howe St, Vancouver
iman mogadam ALTO in the heart of downtown 660 sq.ft • 1 bedroom & den Parking and storage locker
$475,000
farhood hashemian 1,008 sq.ft • 2 bedrooms & 2 baths Spacious and functional 2 underground parking
$379,900
124 2108 Rowland St, Vancouver
510 438 Seymour St, Vancouver
#
#
omid mashinchi 1210 sq.ft • 3 bed, 2 bath, 2 parking Finished basement • Great location Parks, schools, shopping & transit
cici lam 538 sq.ft 1 bedroom & den 24hr security • Own or rent
$364,888
$298,800
#
#
$724,900
$354,900
#
59 7128 Stride Ave, Burnaby
#
110 2628 Maple St, Port Coquitlam
#
soroush zonuzi Garden home with luxury finishing Double edge granite Covered patio & 2 parking spaces
$445,000
$290,000
2310 668 Citadel Parade Bb, Vancouver
#
soroush babaeian 940 sq.ft • 2 bedroom, den & 2 baths City and False Creek Views Parking and storage
$599,000
December Housing Starts in British Columbia
A
ccording to Canada Mortgage and Housing Corporation of the province during 2009 were 55 per cent below last year’s (cmhc), new home construction picked up in December. pace, with multiple unit construction accounting for most of the There were 1,494 foundations poured during the month. decline. Single detached home building was down by just over Single-detached home starts were more than double their year- one quarter, while multi-family starts declined by two-thirds. ago level. As Canada’s national housing agency, cmhc draws on more “New home construction has picked up than 60 years of experience to help Canadians the pace since mid-2009 thanks to growing New home construction access a variety of quality, environmentally has picked up the housing demand and low inventory levels,” sustainable and affordable homes. said Carol Frketich, bc Regional Economist, In addition, cmhc also provides reliable, pace since mid-2009 cmhc. “cmhc is forecasting a modest increase impartial and up-to-date housing market thanks to growing in housing starts in 2010.” reports, analysis and knowledge to support housing demand and Provincial home starts in urban areas and assist consumers and the housing industry low inventory levels reached 18,800 units, seasonally adjusted at in making vital decisions. annual rates (saar) in December, up from 17,300 in November. At the national level, total housing starts also increased with 174,500 units (saar) started in December, Source: Canada Mortgage and Housing Corporation up from 164,800 units in November. Home starts in urban areas
1508 400 Capilano Rd, Port Moody
#
11 158 13th St, NorthVancouver #
omid mashinchi 1070 sq.ft • 2 bedrooms & 2 baths Mountain and water views Open kitchen, floor-to-ceiling windows
iman mogadam 1,300 sq.ft 2 bedroom & 3 bathrooms at Vista Place Heart of central Lonsdale
$528,800
$719,000
2802 928 Beatty St, Vancouver
#
omid mashinchi 864 sq.ft • 2 beds and 2 baths View of False Creek & mountains Southeast corner unit
$569,900
Commercial Listings
Purple Crab
CONFIDENTIAL
Star Taxi
3916 Main St,Vancouver East
#204 1610 RobsonSt,Vancouver
#31 7th Ave, Cranbrook
michael hickey 1800 sq.ft restaurant & pub High traffic location & retail exposure Liquor licence, live music
milad khavari Well established Italian restaurant Low rent $1200/mo 3yr lease + option Full kitchen, $3000+ Income/mo
michael hickey includes 27 passenger transport licenses 33 vehicles including a 23 passenger bus High traffic area • Visual exposure
$55,000
$349,000
$99,000
CONFIDENTIAL
CONFIDENTIAL
michael hickey Very successful coffee franchise Heart of Granville district High traffic area
michael hickey Very successful coffee franchise Steveston Waterfront High traffic area
$489,000
Fitness Challenge
9 19989 96th Av, Langley
#
michael hickey $20K/month in receivables $200K in equipment assets Lease financing available oac.
$240,000
$189,000
Land, 8100 & 8200 Capstan Way, Richmond
daniel preston Commercial 1.5 Acre development no.3 Rd & new Skytrain line monthly net income of $10,865
$10,800,000
Land
Telegraph Trail, Langley daniel preston Across from Belmount Golf Course 4.2 Acres Available for residential development
$12,888,000
Hair Salon
2258 4th Ave,Vancouver
sonny nima 12 Hair, 4 nail & shampoo stations High traffic area Returning clients
$35,000
Fitness Unlimited
Office Space Lease
Crocery Store
150, 2511 no.5 Rd, Richmond
1055 Seymour St,Vancouver
1589 Garden Av, NorthVan
michael hickey 2,000 active members, $56,000/month new equipment & renovations ($700K) Highway access
soroush babaeian High traffic location Second floor of two level building
sonny nima Mediterranean-style grocery store Well-maintained Repeat customers
#
$599,000
Mark’s Place
Video & Game Rental Machine
daniel preston Ground floor office space, 1097 sqft Large reception and storage Can be converted for retail use
alan charlton Annual Sales of $360k Home-based Business must be relocated
3 22722 Lougheed, Maple Ridge
BC
$338,800
1605 1060 Alberni St, Vancouver
#
omid khosravi 831 sq.ft • 2 beds, balcony & 2 baths City views, DT location Parking and storage
$465,000
$250,000
$15/sqf
Citrus Nightclub
20299 Industrial Ave, Langley
michael hickey Local hotspot for the last 25 years 10,000 sq.ft with full industrial kitchen highway access & paved parking lot
$55,000
World Gym
201 7130 120th St, Surrey
#
michael hickey Popular fitness center franchise Equipment & goodwill High traffic location
$639,000
$475,000
3102 9888 Cameron St, Burnaby
#
omid khosravi 955 sq.ft • 2 bedroom & 2 baths Unobstructed view Close to shopping and transit
$569,000
Call for your free consultation
#303-689 Abbott St. Vancouver BC V6B 0J2
Office Cell
604.565.0135 604.716.4201
Renewal Services Inc:
• • • • • • • •
Kitchen renovation Bathroom renovation Flooring Mill working Painting/Staining Basement remodel Addition Partition
Transforming lives by transforming homes.