3 Apr

HomeLife Benchmark Realty – 2nd Annual Easter Event – Great Success

General

Posted by: Kimberly Walker

Best Ever – Over 300 People – Carnival Games, Korki, Face Painting, Craft Station, Peace Arch Auxiliary, Bunny Photo Booth, Loads of fresh popcorn, and Easter Egg Hunt in Park, over 1000 eggs, with the Easter Bunny going back twice to the store for more…..Big thanks to the management and realtors at HomeLife for making this successful event! See you next year! The Walkers.
25 Mar

Homelife Benchmark Realty Easter Egg Hunt This Weekend – Saturday, March 30th

General

Posted by: Kimberly Walker

When: March 30, 2024
Where: 1920 152 Street parking lot, followed by an Easter Egg Hunt at Bakerview Park, walking distance escorted by Homelife agents
Time: Festivities begin at 1:00 followed by the Easter Egg Hunt
🐰 Bring your easter basket
🐰 Face painting
🐰 Bunny ear craft station
🐰 Polaroid photo both
🐰 Korki the clown making balloon animals
🐰Tatto0 station
🐰 Games and prizes
Coloring contest details:
🌸 Please contact Kimberly Walker for photo and pickup at kimberly@walkerrealestate.ca or 778-828-6186 or dm @the_walker_real_estate_team
🌸March 30th winners will be announced
🌸 2 age categories
🌸 3 top prizes for each category
🌸 Every entry wins a prize
@kimberly_d_walker
25 Mar

Coming Soon to Grandview Corners – Hyde Park Townhome – $1,438,000

General

Posted by: Kimberly Walker

Coming Soon
110 – 2853 Helc Place
List Price: $1,438,000
Welcome to Hyde Park. Built by award winning Zenterra. Luxury rancher style home overlooks development’s green space, gorgeous park setting. Features detailed finish, primary bedroom on main level, bright white cabinets, quartz countertops, 2021 stainless appliances, open to great room, electric fireplace & expansive sundeck. Upper level 2 bedrooms & games room. Walk-out basement, 4th bedroom, games room, wet bar, electric fireplace walks out to covered patio & fenced back yard. Vaulted ceilings, wide plank flooring, forced air furnace, air conditioning, laundry hook-up on main, plus basement level. Double garage, guest parking, club house party room & gym. Blocks of shops, aquatic center, golf, Sunnyside Elementary & Grandview Heights, plus Southridge Schools. All ages & 2 pets welcome.

 

5 Mar

HomeLife Benchmark Realty Easter Egg Hunt and Coloring Contest – Free Community Event

General

Posted by: Kimberly Walker

Who: Friends, family, clients and our community
When: March 30, 2024
Where: 1920 152 Street parking lot, followed by an Easter Egg Hunt at Bakerview Park, walking distance escorted by Homelife agents
Time: Festivities begin at 1:00 followed by the Easter Egg Hunt
🐰 Bring your easter basket
🐰 Face painting
🐰 Bunny ear craft station
🐰 Polaroid photo both
🐰 Korki the clown making balloon animals
🐰Tatto0 station
🐰 Games and prizes
Coloring contest details:
🌸 Please contact Kimberly Walker for photo and pickup at kimberly@walkerrealestate.ca or 778-828-6186 or dm @the_walker_real_estate_team
🌸March 30th winners will be announced
🌸 2 age categories
🌸 3 top prizes for each category
🌸 Every entry wins a prize
@kimberly_d_walker
26 Feb

B.C. Announces Tax on Homes Sold Within 2 Years of Purchase

General

Posted by: Kimberly Walker

Flipping Tax
The BC Home Flipping Tax is a 20 per cent tax on the gain from sale of a home within a one-year time horizon and a pro-rated tax on sales up to within a two-year period. The tax will apply to both properties and assignments of contracts and is in addition to any existing federal or provincial income taxes incurred from the sale of the property, including the federal anti-flipping tax. Exemptions will be available for certain life circumstances that might motivate the sale of a property within two years, including for added supply through the creation of rental accessory dwelling units.
The BCREA Economics Department’s preliminary analysis estimates the flipping tax will decrease home sales by between 1-2 per cent over a three-year period. Given the relatively small impact, prices and housing attainability are essentially unchanged by the tax. This is unsurprising, given that short-term flipping represents a low share of sales activity (less than 2 per cent in both Vancouver and Victoria).
However, because the government has now implemented a disincentive to sell within a two-year period after purchasing, there will be some potential sellers that are prompted to delay listing, resulting in a lower level of listings inventory than without the tax. As a result, home prices may increase with the flipping tax compared to a no-tax baseline. Ultimately, the only way to prevent harmful short-term speculation in the housing market is to ensure housing is abundant. Our team plans to continue to analyze the flipping tax and provide updates when available.
26 Feb

New Property Transfer Tax Exemption for First Time Home Buyers & New Homes in B.C.

General

Posted by: Kimberly Walker

⭐️ In an effort to improve housing affordability, three major changes are being made to the Government of British Columbia’s Property Transfer Tax (PTT) framework.
⭐️ More specifically, as part of the 2024 provincial budget, three exemption changes are being introduced to the PTT.
⭐️ Firstly, the threshold to be eligible for the first-time homebuyers’ exemption will be increased from a fair market value of $500,000 to $835,000, with the first $500,000 exempt from the tax. The phase-out range for the complete elimination of the exemption will be $860,000, while properties with a fair market value under $500,000 will be completely exempt. These changes will start on April 1, 202
⭐️ It is estimated these changes for first-time homebuyers will benefit about 14,500 people — twice as many as before — with total savings up to $8,000 from buying their home.
⭐️ Secondly, the newly built home exemption for purchasers who buy a new home for their principal residence will grow from $750,000 to $1.1 million on the fair market value. Homes with a fair market value between $1.1 million and $1.15 million will see a phase-out range of the exemption. This exemption change will also start on April 1, 2024.
⭐️ Thirdly, a brand-new PTT exemption will be created for purchases of new qualifying secured purpose-built rental housing buildings, with such buildings required to contain at least four apartment units, be non-stratified, and be used as rentals for at least 10 years, and the residential uses of the building must be entirely used for rental purposes. This specific PTT exemption will apply to transactions for such buildings between January 1, 2025, and December 30, 2030. With home ownership out of reach for many given the elevated home prices, such a policy will help catalyze more “missing middle” rental housing.