Month: March 2014

2977 Wall St. Vancouver BC     2 Bed, 2 Bath     $645,900

UNIQUE Brand NEW WATERFRONT TOWNHOME in the Hastings Sunrise/East Village Neighbourhood. This RARE home features an OPEN living concept quality built by ARAGON. Thoughtfully designed with HIGH END finishing including GE Monogram ExecutiveCHEFS Kitchen, granite & marble counters, thick SOLID wood doors, Kohler fixtures, engineered Oak Floors, signature reclaimed brick walls, & GEOTHERMAL heating. Beautiful OPEN floorplan w a GAS FIREPLACE & PATIO off living space. Spacious bedrooms w BONUS DEN area & 2 LUXURY BATHS. Fantastic location close to shopping, restaurants, downtown, & N. Vancouver. 2-5-10 Home Warranty. Don’t miss out on this EXCLUSIVE opportunity to own! Call Jordan at 604-773-6035 today for your PRIVATE Viewing!

Effective May 1, 2014, purchasers of owner occupied homes from 1 to 4 units requiring high-ratio mortgages (less than 20% down payment) will expect to see an average 15% increase in premiums. The increased premium will add approximately $5 to the monthly payments of an average Canadian home buyer requiring CMHC insured funding (about $248,000 in 2013) which is not expected to significantly impact the housing market. Mortgages currently insured by CMHC will not be affected. CMHC reviews its premiums on an annual basis and announces its decisions in the first quarter of each year. For more information, please click here

Effective February 19, 2014, qualified first-time buyers are exempted from Property Transfer Tax when buying a home valued up to $475,000 (increased from $425,000). Partial exemption continues to apply to homes valued between $475,000 and $500,000. The property transfer tax is calculated at a rate of 1% on the first $200,000 and 2% on the balance of the purchase price. For more information, please click here