Property Transfer Tax Exemptions
Posted on Jun 23, 2020
It’s important to know all of the ‘hidden costs’ associated when buying real estate. It’s also important to know the ins and outs on where you can save money. It could make a fairly large difference when negotiating. One cost associated with purchasing real estate in Greater Vancouver is property transfer tax also known as PTT. In this blog you wil...
Checklist for Completing on a Property
Posted on May 25, 2020 in General Real Estate
The negotiations are over, and the real estate deal has gone firm! The big day when you move into your home is just on the horizon. This is very exciting but there are a few things that need to be done between now and then to make sure everything runs smoothly.
The completion date is when the property officially becomes yours and the title is trans...
Wallace Green North Vancouver New Construction Market Report - Q2
Posted on May 21, 2020 in New Developments
So many presales out there, how do I keep track of all my options?
Our team wanted to provide you with a high level overview of new multi-family construction options in North Vancouver. For those unfamiliar with the advantages of buying presale, please check out the advantages and reasons of buying presale with Wallace Green Real Estate Group.
Mark...
What you need to know about GST when buying Real Estate.
Posted on May 15, 2020 in General Real Estate
When you buy a new home from a builder or developer in BC, GST is charged on top of the purchase price. You will commonly see this additional 5% on presales and new construction homes. Even if the home is complete the 5% will still apply.The information provided in this blog will detail the GST New Home Rebates that could potentially apply to you w...Everything you need to know about a Special Levy
Posted on May 15, 2020 in General Real Estate
If you are buying a strata property in Greater Vancouver understanding a Special Levy is very important.
Special levies can put you in a very tough financial situation if you are not aware of what they are or when they are coming. It’s important to know the details when you are buying and selling strata properties in Greater Vancouver. This blog pos...
What is an Assignment in Real Estate?
Posted on May 14, 2020
In the Greater Vancouver Area you hear the term assignment a lot. Sometimes the media will paint a not so good picture of what an assignment is. It is important to fully understand what an assignment is to be better informed about buying or selling real estate for yourself.
Definition of an Assignment: “An assignment is when a purchaser and a seller...
Definition of an Assignment: “An assignment is when a purchaser and a seller...