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Real Estate Debate! Presale Condos Versus Resale Properties in Vancouver

 Purchasing a property is a huge decision, whether it be for the home of your dreams, or as an investment, it’s important to be aware of your options as the real estate market and financing options are constantly changing. A presale property is when a buyer purchases a property before it is built or complete, ultimately purchasing the right to a property that will be built in the future. A resale property is what you think it is - a pre-existing home. It’s a standard sale where a person is simply selling their home. Presale or Resale, hosted by…

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Condo Strata Fees

Condos in Vancouver | High Strata Fees Bad? Low Strata Fees Good? Not Always…

Are High Strata Fees Bad? Are Low Strata Fees Good? When buyers are looking at condos to purchase in Vancouver, many focus on the maintenance/strata fee and generally feel that a low strata fee is a good thing and a high strata fee is a bad thing. In many cases, this is not the correct conclusion. Why? Good Car, Bad Car Cars and condos are a lot alike, especially when it comes to the relationship between maintenance and repairs and how this impacts their future value. Consider the example of two high-end good quality automobiles that were exactly the same…

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Selling a Revenue Property in Vancouver BC | Capital Gains Tax and Deducting Commission in Canada

Selling a Revenue Property in Vancouver BC 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 Accountant Sean Akeroyd with Akeroyd & Leung about the tax implications of selling an investment…

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HST Rebate Calculator | Vancouver Real Estate

Looking for GST Rebate Calculator for Real Estate in BC? 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.…

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How To Sell A Vancouver Condo # 1 | Mortgage Penalties?

How to Sell a Condo in Vancouver 1 - Getting Started and Avoiding Mortgage Penalties Welcome to Episode 1 of How to Sell Your Vancouver Condo. This series of videos will give a detailed step by step explanation of how to sell a condo in Vancouver. Please feel free to contact me at any time if you have a question! So You Want to Sell Your Condo... Most people in Vancouver have a mortgage on their condo. Those fortunate people who don't have a mortgage on their condo, go ahead and skip to Episode 2. I Pay A Penalty if…

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