Andreas Nystrom

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I have listed a new property at 306 1238 SEYMOUR ST in Vancouver.
WELCOME TO THE SPACE - A well-managed concrete high-rise where pets & rentals are welcome. Rarely available TWO bedroom condo comes with hardwood throughout, true double-height loft 16 foot ceilings, floor-to-ceiling windows to ensure ample natural light and a spiral staircase up to the 2 bedrooms and in-suite laundry. 1 secured underground parking, 2 rooftop decks with BBQ, meeting room & fitness centre, option for 1 storage locker rental. Steps to shopping, restaurants, seawall, and transit. Open House Saturday April 2, 2-4pm & Sunday 2-4pm. Move in or keep as a rental!
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Please visit our Open House at 306 1238 SEYMOUR ST in Vancouver.
Open House on Saturday, April 2, 2016 2:00 PM - 4:00 PM
WELCOME TO THE SPACE - A well-managed concrete high-rise where pets & rentals are welcome. Rarely available TWO bedroom condo comes with hardwood throughout, true double-height loft 16 foot ceilings, floor-to-ceiling windows to ensure ample natural light and a spiral staircase up to the 2 bedrooms and in-suite laundry. 1 secured underground parking, 2 rooftop decks with BBQ, meeting room & fitness centre, option for 1 storage locker rental. Steps to shopping, restaurants, seawall, and transit. Open House Saturday April 2, 2-4pm & Sunday 2-4pm. Move in or keep as a rental!
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I have sold a property at 204 1080 PACIFIC ST in Vancouver.
Move in ready, this lovely open concept 2 bedroom & 1 bath, with generous sized patio, was tastefully updated in 2012 with slate tile floors, integrated fridge, jetted tub & much more. Enjoy this convenient location just 1 block from the Aquatic Centre, the Sea Wall, Sunset Beach & easy access to Granville Island. Buy with confidence at The Californian which, with a proactive strata, has undergone significant upgrades in the past few years including a new roof, parkade membrane, high grade exterior paint, boiler, hot water holding tanks, re-piping, elevator upgrade & 10 new free laundry machines. Building offers a gym, hot tub & sauna. Suite comes with 1 parking & 1 storage locker. Rentals currently available. 1st showings at Open Houses Feb 20 & 21 2:30pm-4:00pm
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Major changes are underway for B.C.’s real estate market, specifically in Greater Vancouver where housing affordability has been a consistent issue. With revisions made to B.C.’s Property Transfer Tax (PTT), it is evident that affordability is at the forefront of the Provincial government’s mind.

 

New homes costing $750,000 or less are eligible to be exempt from property transfer tax, and homes priced up to $800,000 are eligible for partial exemption. To receive this exemption, one must be a Canadian citizen or permanent resident. To ensure that investment properties are still fully taxed, one must also reside in the purchased home for at least one year.

 

Additionally, land that is purchased with the intention of building a home will be eligible for a full PTT refund. In addition to the citizenship requirement, it is also required that construction is completed and the principal resident moves into the property within a year of the initial purchase. However, this particular incentive may fall short in aiding the market, due to project delays and the ample time it takes to process the applications for a building project.

 

With the stipulation that home owners must be citizens or permanent residents, individuals must identify as one of the two when registering an eligible property. Furthermore, individuals who are not citizens or permanent residents must declare their citizenship upon registration. This new information will serve a dual purpose, as it will also allow the government to assess if foreign investment has any bearing on affordability in B.C.

 

To compensate for this new exemption, property valued over $2 million will face a PTT of 3%, which will conceivably earn the government $75 million extra each fiscal year in tax dollars. As B.C.’s population and economy grow, so does the demand for affordable housing. However, the price for a single family home has been steadily increasing over the past five years, despite a distinct need for the opposite to occur. Consequently, the government announced that over the next five years $355 million will be dedicated to construction over 2000 affordable housing units for low-income earners.

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