Steve Baldwin REALTOR : Working with you EVERY Step of the Way! : Archived blog posts for : 2010

New property listed in Gibsons

Posted on May 30, 2010 by Steve Baldwin

New property listed at 1372 GOWER POINT RD in Gibsons.

Eight years young, this 3 bedroom ocean view rancher sits on a .46 acre lot just minutes from Gibsons. Solid, open plan construction with vaulted ceilings & hardwood floors. The quality finishings are apparent from the moment you pull into the driveway. Enjoy BBQ's and outdoor activities on the large lawn or simply relax and sunbathe on the large south westerly exposed deck. Whatever your lifestyle, this home will accentuate the way you live.

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New property listed in Shaughnessy, Vancouver West

Posted on May 29, 2010 by Steve Baldwin

Posted in Shaughnessy, Vancouver West Real Estate

Property Photo: 212 4900 CARTIER ST in Vancouver

New property listed at 212 4900 CARTIER ST in Vancouver.

See details here

Shaughnessy Place 1. Centrally located rarely available one bedroom & den with very private serene patio. Private gated community with on-site security. Next to Van Dusen Gardens. New paint, blinds & hardwood parquet floors are waitingfor you to make this home.

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New property listed in West Vancouver

Posted on May 19, 2010 by Steve Baldwin

Posted in West Vancouver Real Estate

New property listed at 4633 WOODBURN PL in West Vancouver.

See details here

A gorgeous executive family home beautifully renovated in 2008 with brand new fabulous addition as well. This home is effectively 2 yrs young. Offering 3,200 sq ft of living space on 2 floors, cross hall living and dining, 5 oversized bedrooms up, office on main, and huge storage/work-shop with separate entry. Over 12,000 sq ft property on a private cul-de-sac w/ easy care gardens, underground sprinklers, spacious patios for entertaining. Ready and in move in condition; new furniture package negotiable. An absolute pleasure to show. Located close to schools and Caulfeild shopping.

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HST & Real Estate

Posted on May 13, 2010 by Steve Baldwin

How will the HST impact the Real Estate sector?

As proposed, the HST will increase the cost of buying or selling all types of property and becomes essentially an additional tax on home ownership. REALTOR® commissions, appraisals and other services will be subject to a 12% HST, replacing the 5% GST now charged, and new homes will be subject to the full HST.

The HST would generally apply to a supply of a service to the extent that the service is performed on or after July 1, 2010. The HST would generally not apply, however, to a supply of a service if all or substantially all (90% or more) of the service is performed before July 2010.

How will the proposed rebate for new and substantially renovated existing homes work?

Proposed to Take Effect on July 1, 2010
Tax: 12 per cent HST
New Home Price Level	Rebate
Up to $350,000	Partial Rebate on Federal Portion of HST (GST)
	71.43% Rebate on Provincial Portion of HST
	Government expects total impact to be equivalent to existing tax system before July 1, 2010
$350,000 t0 $450,000	Rebate on Federal Portion of HST (GST) clawed back (straight-line method)
	71.43% Rebate on Provincial Portion of HST
	Government expects total impact to be equivalent to existing tax system before July 1, 2010
$450,000 to $525,000	71.43% Rebate on Provincial Portion of HST
$450,000 to $525,000	Government expects total impact to be equivalent to existing tax system before July 1, 2010
Over $525,000	$26,250 Fixed Rebate on Provincial Portion of HST

Existing System Before July 1, 2010
Tax: 5 per cent GST
New Home Price Level	Rebate
Up to $350,000	Partial Rebate on Federal Portion of HST (GST)
$350,000 to $450,000	Partial Rebate on Federal Portion of HST (GST) gradually eliminated
Over $450,000	No Rebate

How will the HST work with the Property Transfer Tax?

In the case of new housing, where GST applies, the GST is not included for the purposes of determining the fair market value of the property. Similarly, the HST would not be included in the fair market value of the property for the purposes of determining the PTT payable. (Source: BC Government website, www.gov.bc.ca/hst/faq.html, accessed July 28, 2009)

This additional layer of taxation enhances the already heavy burden carried by BC homebuyers. Therefore, BCREA is focused on achieving fairness for consumers.

For more information or FAQ’s please visit: http://www.bcrea.bc.ca/hst/hstaction.htm

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Steve Baldwin

Cell: 604.317.7810 | info@stevebaldwin.ca

New property listed in Gibsons

New property listed in Shaughnessy, Vancouver West

New property listed in West Vancouver

HST & Real Estate

Steve Baldwin