BC Budget


The new BC Budget has made some changes that will impact home buyers. Below are a summary of changes from Tony Spagnuolo

There are no changes to the first time home buyer exemption limits.

All buyers will no longer pay property transfer tax on new primary residence purchased up to $750,000 (Must be a Canadian Citizen or Permanent Resident).

Property transfer tax is now 3% for any portion amount over $2,000,000. This is a increase from 2% to 3%.

It appears the BC Government is looking to profit on the high end price sales and attempting to encourage new construction.

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The RRSP contribution deadline to enjoy the tax break for 2015 is Monday February 29th

If you are a FIRST TIME HOMEBUYER and are holding/accumulating down payment funds in cash or a non tax savings structure AND don't think you'll be buying for at least 90 days, consider putting up to $25,000 of your down payment into a RRSP before the deadline.

WHY? Well, if you put your $$ into an RRSP by February 29th, technically you can withdraw up to $25,000 of your RRSP on or after May 30th to use towards your down payment as a first time homebuyer AND reap the tax break for against your 2015 or 2016 taxes!

YESSIREE - that's a legitimate double dip. The KEY is that the funds need only be vested in a RRSP a minimum of 90 days before withdrawal to realize both benefits.

Like more info? Or a referral to...

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New property listed at 2607 JANE ST in Port Moody.
STUNNING best describes this custom built 14 year old home with partial water views & legal suite. Enter the grand foyer where you will find a massive formal living room & dining room with two show stopper fireplaces & grand piano room. The chef in the family will be amazed with the gourmet kitchen that overlooks the family room & your private backyard with waterfall. Enjoy a glass of wine in your own private oasis of a backyard that backs onto a greenbelt and creek while enjoying the partial water views from the front of the home. Exceptional finishing throughout with spa inspired bathrooms, wide plank oak flooring, new carpets, closet organizers, radiant heat & more. OPEN HOUSE SAT, Feb 20th 3:00-5:00 and...
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New property listed at 30 3395 GALLOWAY AVE in Coquitlam.
Beautifully decorated and cared for townhouse in popular "Wynwood". This home is in the best location backing onto greenbelt at the far end of the complex. The gourmet kitchen features quartz counters, stainless steel appliances with a gas stove and large pantry. There is also a sundeck off the kitchen for barbecues! The main floor features a 2 piece bathroom, 9 foot ceilings and laminate floors as well as an electric fireplace and large windows to take in the greenbelt. The master Bedroom has a luxurious ensuite. Storage space at the end of the tandem garage with a large window and door to the backyard. There are 3 parking spots in total. Excellent location close to parks shopping and trails. Open house Feb 20th &...
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New property listed at 1460 NANTON ST in Coquitlam.
A GEM of a home! Welcome to “Cartier by Morning Star” beautifully kept 6 bdrm & 4.5 bath in this 3,800 sq ft, 1 owner home. $120k worth of upgrades & options: walk-out bsmt, hardwood floors, Hunter Douglas blinds, designer paint, blt-in vac. Main floor boasts big bright den & open foyer. Show stopping HIGH ceiling great rm w/stone fireplace has door to patio w/VIEWS of Golden Ears Bridge! Gourmet kitchen has HUGE granite counter island w/tons of real wood cabinets, pantry, granite counters, S/S appls incl: gas range! Upstairs boasts 4 spacious bdrms w/master also enjoying VIEWs & large walk-in closet & spa-bath. Large windows in WALK-OUT newly finished bsmt w/2 bdrms, 2 full baths, open plan...
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New property listed at 1050 MAYWOOD AVE in Port Coquitlam.
GREAT LOCATION In Lincoln Park. Walking distance to trails. The property is on a QUIET CUL-DE-SAC 9198 SqF lot. This 3 level split house has 3 bdrm and Den, 3 bath house. The deck above the garage is all ready to go for a hot tub. Tandem carport, RV parking 3 Sheds. If you have kids there is even a treehouse. THIS ONE IS WORTH A LOOK, IT WON'T LAST LONG.
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New property listed at 312 12525 190A ST in Pitt Meadows.
CEDAR DOWNS - Condo living at its best with stunning West Coast architecture and interior design. Incredible kitchen featuring granite countertops, wood-raised panel cabinets with under-cabinet lighting and soft closing doors and drawers. Deluxe stainless steel appliances, garburator and full size front loading, stacking washer and dryer. In the bathroom, you will love the heated tile floors and heated fog-free mirrors along with the granite vanity top with wood panel cabinets. Laminate floors in living and dining area with a stylish electric fireplace. Bedroom is air-conditioned & has built-in wood closet organizers. Ten minute walk to the WEST COAST EXPRESS train to downtown Vancouver !! Free SHAW cable and internet...
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New property listed at 311 2620 JANE ST in Port Coquitlam.
HUGE! One of the largest 1 bedroom & 2 bath homes you will find! Bring the KING size bed, you will fall in love with the GIANT Master bedroom complete with hers & his closets 7 private full 4 pce ensuite. Don't stress about sharing a bathroom with your guests because this home features an extra powder room which is rare in a 1 bedroom! Do you like to entertain? You will feel very comfortable in the well laid out & super spacious kitchen! Open concept dining and living rooms with and slider to the always BRIGHT NW facing patio! Bonuses include: in suite laundry, natural gas included in the condo fee! HUGE secure storage locker on the same floor beside the unit for quick access, close to shopping, bus stops...
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As an appreciation to my AWESOME clients and friends, I would like to offer you complementary tickets to the upcoming show BC HOME + GARDEN SHOW!!

 

 

Dates & Hours

Wednesday February 17, 2016  4:00 p.m. - 9:00 p.m.
​Thursday February 18, 2016  ​NOON - 9:00 p.m.
Friday ​February 19, 2016  NOON - 9:00 p.m.
Saturday ​February 20, 2016 
10:00 a.m. - 9:00 p.m.
Sunday ​​February 21, 2016 
10:00 a.m. - 6:00 p.m.

 

 

If you know anyone that is buying or selling in the near future, I’m happy to help and your referrals are greatly appreciated :)

 

Thank you and Enjoy the Show!!

 

 

Jessica Prasad

Personal Real Estate Corporation

Re/Max Sabre Realty

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Why LIve in Coquitlam? Here's some info at Glance!

 

141,000+ people call Coquitlam home

 

6,200+ licensed businesses operate in
our community

 

98% of residents rate their quality of
life as “good” or “very good”

 

1 in 4 residents over the age of 18
either work or go to school in Coquitlam

 

38: average age of Coquitlam residents,
younger than the BC average

43% of Coquitlam residents were born
outside of Canada (top three
countries: China, South Korea, Iran)

 

56% of residents over the age of 25
have post-secondary education

 

1: rank of the Coquitlam school district
in the Fraser Health Authority in terms
of high school completion rates

 

45,745: total number of housing units

 

77% of residents own their home

 

$109,712: average...

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New property listed at 2012 2655 BEDFORD ST in Port Coquitlam.
Welcome to this better than new Westwood home. This lovely two bedroom and den has many upgrades including custom millwork in office and master his-hers closets, lighting and garage shelving. Bedrooms are spacious..large balcony is perfect for entertaining friends and family. Luxurious 5 piece bath & kitchen features upgraded S/S appliances, dining/living areas with beautiful laminate floors. Plenty of visitor parking, playground & community garden. Steps to greenbelt, walking trails & schools and so accessible to shopping, coffee shops in downtown Poco, transit and highways. Still has 5 year of warranty!
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New property listed at 317 2551 PARKVIEW LANE in Port Coquitlam.
SPACIOUS corner unit with tons of natural light facing greenbelt. Views from every room! This two bedroom unit has everything your need. Large kitchen slider to balcony, bedrooms are on opposite side of the unit, large living space with River rock fireplace feature. Complex has recently been retrofitted with new interior paint & carpet & new roof project near completion. 1 parking stall and 1 storage locker directly across from the unit. Fabulous walking trails steps away to Gates Park, West Coast Express & Hwy #1.
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New property listed at 301 9280 SALISH CRT in Burnaby.
Welcome to EDGEWOOD PLACE. Here is your opportunity to put your creative touch to this one bedroom in a well maintained building. This unit is AS IS WHERE IS. Laminate flooring throughout, warm colour tones and crown mouldings. Maintenance fees include heat and hot water. Storage locker and parking included. Great location for shopping, parks, schools, and transit nearby. Easy access to SFU. Possession is immediate.
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New property listed at 22121 RIVER RD in Maple Ridge.
Great Value in Central Maple Ridge! Featuring new paint throughout, beautiful laminate floors and a large kitchen complete with island, plenty of cabinets and loads of natural light! The extra large Master bedroom is complete with a walk in closet. Entertain all year long with the enormous deck located right off the kitchen. Boasting a HUGE fully fenced backyard that is ideal for parties & the kids to play. Roof, windows & furnace replaced in 2008 & brand new HWT. Super close to shopping, restaurants and public transportation. Commute to work? Great investment opportunity! The west coast express is only steps away. Open house this Saturday Feb 6 from 12-2pm and Sunday Feb 7 from 2-4pm.
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New property listed at 11836 249 ST in Maple Ridge.
Why not invest in a growing city while prices are still affordable?! Perfect downsizing home or a great starter home if you're a first time home buyer this home fits all of the above! Quiet no through street in a family oriented neighborhood. Super private back yard on true greenbelt enjoy a fire pit with friends or family in the summers! Secure shed for your garden tools. Well kept home. Walking distance to high school and the main transit line. Only 5 min drive to city of Maple Ridge. (Currently rented at 1400 could get up to 1600 in today's market)
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New property listed at 12006 MCINTYRE CRT in Maple Ridge.
This Cute and cozy 2-storey, 3 bedroom West Maple Ridge home is located on a quiet Cul-De-Sac and is built with 2 x 6 construction. The hot water heating system and wood burning fireplace will keep those energy costs in check. The many recent updates include new roof, flooring, appliances and hot water tank. The large bedrooms upstairs are awaiting your personalized decorating ideas. Close to shopping and public transportation.
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New property listed at 20334 WANSTEAD ST in Maple Ridge.
Pinch yourself; you're not dreaming... You can own a beautiful 3 bdrm family home for under $400K! This home features a newer roof, thermo windows, newer gutters & eaves trough, H.E. Washer & Dryer, gas S.S. gourmet stove, new flooring and the list goes on. The sun drenched yard is private and fully fenced with a 24' x 15' professionally built patio, fruit trees, and a garden/storage shed. The home is just shy of 1000sqft but don't let the size fool you-ideal layout and a generous size patio makes this hot commodity feel very spacious. Walk to the West Coast express station, Hammond Elementary School, and Meadow Town Shopping Centre. Open house Saturday Feb 6th 1-4pm.
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New property listed at 203 3787 PENDER ST in Burnaby.
Looking for an affordable town home in a great location with incredible view? This updated town home has just that! Located just minutes to down town, this two level town home with a roof top large deck fits the bill. Lots of updates such as hardwood flooring through the home, beautiful mosaic tiling at the entry and an incredible amount of built-ins for added storage. The roof top deck offers incredible south views of Burnaby and lower mainland. The master bedroom has a custom made queen bed with storage that will be staying with the home. No rental restrictions (1 yr minimum), one dog (any size) or one cat. Open house Saturday, February 6 from 2:00-4:00pm.
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