VancouverCondoStore.ca : Jiggy is a Realtor specializing in the Vancouver Condo Market : Blog

“We decided to downsize from our house to an apartment. Jason was recommended to us as the agent who would help us accomplish that. We found him to be attentive and accessible. When we met to look at an apartment, he always provided the previous sales history and a forthright opinion about the unit, the price and any other significant considerations. He certainly assisted us in determining what, if any, offers we should make. We are very pleased with the result. We would not hesitate in recommending Jason.”

D.A. Whiteley / Vancouver, BC

“My wife and I are very impressed with Jason Deeth's friendly, professional service. He listened to what we were looking for, and focused our search on properties that closely matched our needs, wants and dreams. Jason provided us with the latest market data so that we could make informed decisions, and he negotiated with the sellers on our behalf. Ultimately he achieved a significant discount on the purchase price, and we are extremely happy with our new home! We couldn't have done it without him.

We highly recommend Jason to anyone looking to either buy or sell, and we will encourage all of our friends and family to contact him before doing so.”

The Pykalo family / Vancouver, BC

“My husband and I have bought and sold several houses, and have dealt with many real estate agents. Jason is by far the best. He is professional and enthusiastic. He deals promptly with any issues that arise - even after closing. I would recommend him to anyone.”

Brenda Brown / Vancouver, BC

“My family and I were really glad we met Jason and enjoyed working with him. He is personable, trustworthy and patient! He was very professional and made sure that we were satisfied with the decisions we were making. To top it all off he has a great sense of humor.”

Johainah Condillac / Vancouver, BC

“I recently bought my first condo in Vancouver. It took a few months and 3 offers to find a place I was happy with. Jason was attentive to every detail and made me feel comfortable through the entire process as well as providing me with current market information and statistics. I would seriously recommend Jason to anyone looking to enter into the Vancouver Real Estate market for the first time.”

Brian Lai / Vancouver, BC

RSS Feed

Saturday, February 18, 2012

Government announces new HST/PST housing transitional rules

by Jiggy on Sat, Feb, 18, 2012 05:18 PM

Categories:News

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: