Archive for February, 2012

#204 3105 Lincoln Ave, Coquitlam

Welcome to this outstanding 2 bedroom 2 bath condo in Larkin House. Inspired by the architecture of Frank Lloyd Wright & Built by Polygon. Located in Windsor Gate: a master planned community in Coquitlam Town Centre. 848 sq. ft.  Bright, open layout granite countertops & stainless steel appliances in the kitchen. The Incredible 15,000 sq. ft. resort style Clubhouse: Nakoma Club features an impressive excercise centre, outdoor pool, jacuzzi, etc.  .You will love the Central location Within walking distance to shopping,transit, schools, parks, trails, community centre.

#106 1250 Quayside Dr., New Westminster

THE PROMENADE - COMPLETELY UPDATED 1 Bed + Den, 1 Bath, 1104 sqft, Private Ground level unit with huge patio over looking the park.  Approx $65,000 in upgrades!!! New Kitchen (maple cabinets, puck lights, island, stainless steel appliances), New Bathroom (tub, rain shower, seamless glass enclosure, vanity, tile, radiant in floor heating, etc…), New Bamboo flooring, Fresh Paint, New Mouldings, Exposed Concrete Ceiling with Cedar Beams. Building was Rainscreened in 2003, New Boiler (2011), New Plumbing (2007), New Parking Membrane (2011), New Roof (2011), Healthy Contingency Reserve Fund. Enjoy the open concept floorplan with 10″ ceilings in the Living Room.  Steps to the Quay Boardwalk & Park. An absolute must see!!

Government announces new HST/PST housing transitional rules

The government today announced the HST/PST transitional rules on new homes.

As the province transitions back to the PST, which will replace the HST effective April 1, 2013, measures to ease the HST burden on new home buyers include:

  • The BC New Housing Rebate threshold will increase to $850,000 from $525,000, so that more than 90% of newly built homes will now be eligible for a provincial HST rebate effective April 1, 2012.
  • The maximum rebate will increase to $42,500 from $26,250 effective April 1, 2012.
  • Buyers of new secondary vacation or recreational homes outside the Greater Vancouver and Capital Regional Districts priced up to $850,000 will now be eligible to claim a provincial grant of up to $42,500 effective April 1, 2012.
  • For newly built homes where construction begins before April 1, 2013, but ownership and possession occur after, purchasers will not pay the 7% provincial portion of the HST. Instead, purchasers will pay a temporary, transitional provincial tax of 2% on the full house price.

HST/PST transition rules will help ensure that whenever purchasers buy a new home they will all pay a consistent and equitable amount of tax, whether the home is built:

  • entirely under the HST;
  • entirely under the PST; or
  • partly under HST and partly under the PST.

The temporary housing transition measures will be in place until March 31, 2015. The tax only applies to homes where construction begins before the transition date and ownership and possession occur after.

REBGV successfully advocated for the following:

  • An increase in the threshold value of homes to be covered by the rebate;
  • An increase in the rebate amount;
  • An announcement of the transition rules for new homes as early as possible.

For more information, visit the BC Ministry of Finance at: www.pstinbc.ca

Northbank Condos in Downtown New Westminster (Columbia St.)

Just released! Below is a little inside information for you on pricing, promotions and launch information.

01 Floor Plan - 1 bedroom - 630 sf - Starting in the $260,000’s
02 Floor Plan - 1 bedroom - 625 sf - Starting in the $270,000’s
03 Floor Plan - 2 bedroom - 847 sf - Starting in the $380,000’s
04 Floor Plan - 2 bedroom - 839 sf - Starting in the $390,000’s
05 Floor Plan - 1 bedroom - 652 sf - Starting in the $280,000’s
06 Floor Plan - 2 bedroom - 880 sf - Starting in the $360,000’s
TH01 Floor Plan - 2 bedroom - 1070 sf - Starting in the $350,000’s
TH02 thru TH08 Floor Plans - 3 bedroom - 1181 to 1321 sf - Starting in the low $400,000’s

There are two promotions available only to the first 30 purchasers in Northbank.
1) The first 30 homes that are sold in this development will receive a $3000 discount on 1 bedroom homes and a $5000 discount on 2 bedroom homes.
2) The first 30 purchasers will also only be required to put a total of 10% deposit prior to completion whereas the remaining purchasers will be subject to a 20% total deposit.

The deposit structure for this development is $5000 upon purchase, 5% of the purchase price (less initial $5000 deposit) due within 7 calendar days of vendor acceptance, 5% of purchase price due within 10 days of receipt of the Amendment to the Disclosure Statement and 5% of the purchase price due 60 days after the receipt of the Amendment to the Disclosure Statement.

Estimated completion of this development is 18 months or late 2013, but it is possible they will run closer to 24 months putting the completion into early 2014. There is a total of 100 apartment’s, 8 town houses and 1 commercial unit in this development totaling 109 strata lot’s.

Call me at 604.315.3300 for more details… sales are happening now.

CLICK ON THE LINK BELOW FOR FLOOR PLANS:

http://www.northbank.ca/pdf/NB-floorplans.pdf