Royalty Listings Magazine // Issue 3

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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.