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Mike’s Real Estate Listings
2038 Stephens | Character Home | Basement Suite | Kitsilano | Vancouver West
This property SOLD on May 13th, 2013 for $1,578,000. Contact Mike for all the details: 604-763-3136.
The classic Kits character home has a full width front porch and a second flr covered bal... View Listing Details
103-33 North Templeton | MASSIVE Patio! | East Hastings Real Estate | Vancouver East Condo
OPEN HOUSE on Tuesday, May 21st & Wednesday, May 22nd from 5:30-6:00PM. OFFERS on Wed, May 22nd. Call Sean Finnigan to Confirm an Open House or to book a Showing: 604... View Listing Details
309-27 Alexander | The Alexis | Heritage Loft Apartment | Gastown | Downtown Vancouver
Open House on Saturday and Sunday, May 18th & 19th from 2:30-4:30PM. Call Mike to confirm an Open House or to schedule a private showing: 604-763-3136.
Welcome Home to 18' ceil... View Listing Details
414-1040 Pacific Street | Chelsea Terrace | West End Condo
Open House on Sunday, May 19th from 4:00-6:00PM. Call Mike to confirm an Open House or to schedule an appointment for a private showing.
PRICE DROP! Welcome home to this immaculate suite at the solid Chelsea ... View Listing Details
202-3089 Oak Street | The Oaks | Fairview | Vancouver West
This Property SOLD on May 3, 2013 for $450K. Call Mike for more details: 604-763-3136.
Enjoy a HUGE 520sf North facing patio at the Oaks in Fairview. This bright, private and quiet suite DOES NOT face Oak Str... View Listing Details
401-1238 Homer Street | Grafton | Yaletown Condo | Downtown Vancouver
Open House on Sunday, May 19th from 12NOON-2:00PM. Call Mike at 604-763-3136 to confirm an Open House or to schedule and appointment for a private showing.
Reduced to Sell! Welcome to the Grafton,... View Listing Details
1909-5288 Melbourne Street | Collingwood | Vancouver Condo
Call Mike to Confirm an Open House or to Schedule an Appointment for a Private Showing.
Price Reduced! Welcome home to expansive and unobstructed views of the North Shore Mountains at Emerald Park Place Sub-... View Listing Details
404-3161 West 4th Avenue | BRIDGEWATER | Kitsilano
Open House on Saturday, May 18th from 2:00-4:00PM. Call Mike (604)763-3136 to confirm an Open House or to schedule an appointment to view privately.
New Price! Welcome home to 10’ ceilings and a bright southern exposure and 2 parking stalls at the Bridge... View Listing Details
112-3770 Manor Street | Cascade West | Burnaby North
This Property SOLD on May 3rd, 2013 for $315K. For all the details, call Mike at 604-763-3136.
Welcome home to a gorgeous bright and quiet corner suite with a very large patio opening onto a large secluded garden area at Cascade West in... View Listing Details
Category Archives: Taxes on Real Estate in Vancouver
Selling a Revenue Property in Vancouver 1 | Capital Gains Tax and Deducting Commission in Canada
Selling a Revenue Property in Vancouver 1 | Capital Gains Tax and Deducting Real Estate Commissions in Canada
So, you’ve decided to sell an investment condo or other revenue property in Vancouver. The first thing you’ll want to do is talk with your mortgage lender to check how much your mortgage penalties are going to be.
Once there is clarity on the costs to end the mortgage you have to consider The Taxman, aka Canada Revenue Agency (CRA).
I recently had the pleasure of meeting with Vancouver Accountant Sean Akeroyd with Akeroyd & Leung about the tax implications of selling an investment property in Canada.
Are The Sale Proceeds of an Investment Property in Canada Taxable?
When selling a revenue property in Continue reading
BC’s 2012 Budget – First Time Home Buyers Relief and Increased HST Rebate for New Homes & Others!
New Relief for First Time Home Buyers and Increased HST Rebate for New Homes & Others!
I recently had the pleasure of interviewing Sean Akeroyd of Akeroyd Leung in Vancouver about some changes to the HST in the 2012 BC Budget and here’s what’s new:
First-Time New Home Buyers Bonus
The 2012 British Columbia Budget has some great goodies for the first time buyers of newly built properties. Effective February 21, 2012, to March 31, 2013, the $10,000 B.C. First-Time New Home Buyers’ Bonus will give a temporary, refundable income tax Continue reading
HST Rebate Calculator | Vancouver Real Estate
Looking for Presale Investment Condos in Vancouver?
Misconceptions and the Need for an HST Calculator for New Homes and Presales in Vancouver!
When the Harmonized Sales Tax (HST) replaced British Columbia’s Provincial Sales Tax (PST) and the Federal Goods and Services Tax (GST) July 1st, 2010 there was a LOT of confusion among those interested in Vancouver Real Estate to say the least!
One of the greatest misconceptions about the HST was that the Harmonized Sales Tax was payable on all real estate transactions in BC.
Fortunately, HST is only payable on new properties in British Columbia.
I speak to a lot of people about Presales in Vancouver and a constant question I hear is “Do I have to pay the full 12% on any new property or presale in Vancouver?” to which I answer “No, there is an HST Rebate in BC.” The next question is a toughie and is always “How much is the HST Rebate on new property in BC?” which until recently I would answer with “I don’t know exactly, best to ask your accountant…” Not anymore!
I found this great Net Harmonized Sales Tax (HST) and Net Property Transfer Tax Calculator that actually calculates the NET taxes payable on a new home purchase here in BC.
This tool calculates the HST rebate as well as the First Time Home Buyers Exemption for BC Property Transfer Tax. Remember, I am not an accountant and I am NOT giving tax advice. Confirm all tax details and calculations with your accountant.
How Much HST will be payable on New Properties in Vancouver? Continue reading