CONTACT

Contact Me

chris@chrisball.ca

RSS

Breathtaking New York Style Loft in Yaletown

Posted on May 30, 2014 by Chris Ball

Posted in Brick wall, executive residence, Exposed beams, heart of yaletown, massive closet, Rooftop patio, Yaletown, Yaletown, Yaletown Condo, Yaletown Real Estate, Yaletown, Vancouver West Real Estate

Fully Renovated character home in the heart of Yaletown

Stunning New York style loft in the heart of Yaletown. Fully renovated 2 bedroom, bedrooms on quiet side. Exposed brick and beams. Custom concrete floor. New high end custom kitchen, tons of storage with self close doors. Filtered cold/boiling water tap. Custom paneled Jenn-Air appliances. Custom built office area. Massive California Closet, his and her style (hers walk-in). Double sink en-suite master bathroom with extra large spa size shower. Guest powder room. Built in entertainment unit with concealed wiring for TV and speakers. Green low energy LED lighting throughout. Common rooftop patio with shared BBQ space. One block to Yaletown Skytrain.

Open House Sat 31 May & Sun 1 June 2-4pm

Or call Chris for privatre showing 604-512-9208

Read

Government reduces tax burden on first-time buyers

Posted on February 18, 2014 by Chris Ball

Posted in cnadian realestate, federal budget, first time homebuyers, homes, Mount Pleasant real estate, property transfer tax, real estate, tax, Vancouver real estate, Vancouver real estate, Yaletown Real Estate

Some relief coming to 1st time homebuyers

The government has announced, effective February 19, 2014, under the Property Transfer Tax (PTT) First-Time Home Buyers’ Exemption program, qualifying first-time buyers can buy a home worth up to $475,000. The previous threshold was $425,000.

The partial exemption continues and will apply to homes valued between $475,000 and $500,000.

With this change, the government estimates 1,700 additional first-time buyers will annually be eligible to save up to $7,500 in PTT when they buy their home.

The government estimates this measure will cost $8 million in lost tax revenue each year.

The Real Estate Board, together with BC Real Estate Association, has actively lobbied to make home ownership more affordable for first-time home buyers. This increase in the threshold clearly signals our efforts have paid off as in past years.

In 2008, as a result of industry lobbying, the provincial government increased the threshold to $425,000 from $375,000.

In 2005, the government increased the threshold to $325,000 from $275,000.

The PTT is calculated at a rate of one per cent on the first $200,000 and two per cent on the remaining value of the purchase price.

With the cost of real estate in Vancouver and many areas of BC being so expensive, these are babysteps. However, any increase is of great help to 1st-time homebuyers, at least in this price point $475,000 and lower.

Read