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Showing posts from March, 2017

Central Port Coquitlam, Port Coquitlam - 2140 Mary Hill Road

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2140 Mary Hill Road, Port Coquitlam

Great buy for first time buyers or investors, potential to hold and wait for Future Development, OCP calls for Townhouses. If you're investor this property will cash-flow (call for details & Cash-flow Analysis). You'll find one of the cities biggest infrastructure projects just breaking ground, the New Recreation Complex, slated to be completed in 2021 just down the street (Video). A proposed adjacent private development to the new complex is to include a mix of apartment buildings, seniors' and rental housing, and a restaurant or cafĂ©. Brand New Deck, Electrical Panel and Service, new Appliances and more. Centrally located within walking distance to the WestCoast Express, downtown City of Port Coquitlam, Shopping, and the Port Coquitlam Recreation Complex, etc... Call today for your personal showing!

Exemptions to Additional Property Transfer Tax on Residential Property Transfers to Foreign Entities

The B.C. Government announced on March 17, 2017 that workers coming to BC through the Provincial Nominee Program can now be exempt from the additional property transfer tax on Foreign National individuals that was put in place in August 2016.
Exemptions If you are a foreign national individual who receives confirmation under the B.C. Provincial Nominee Program, you do not pay the 15% additional property transfer tax. Foreign corporations and taxable trustees are not eligible for the exemption.
To qualify for this exemption, you must be a confirmed B.C. Provincial Nominee before the property transfer is registered with the Land Title Office and the property must be used as your principal residence.
You may claim this exemption only once. If you purchase another property as a foreign national, you must pay the additional property transfer tax. Qualification for every exemption is verified.
To claim the exemption, when you file your additional property transfer tax return (PDF): - Check …