GST
• 5% GST is the Federal Goods & Services Tax (GST).
• You may be eligible to take advantage of a new housing rebate that we will help you with.
• Visit one of our showhomes for specific GST information on the home you are considering.
PROPERTY TAX
• Property Transfer Tax is no longer paid on New Homes up to $750,000. Must be your primary residence, live in the home for 1 year and be a Resident of Canada.
•Property Purchase Tax is a land tax that is paid to the provincial government. Paid with every purchase of a new home in B.C. unless eligible for an exemption.
• Property Tax is assessed and paid on an annual basis for services received from the local government. You will receive a bill once or twice a year depending on the municipality. You can pay the lump sum owed or you can ask your lender or city to collect monthly from you for this.
HOMEOWNER GRANT
• The Homeowner Grant is available to help reduce the amount of property taxes paid to the municipality. You are eligible if you are a permanent resident of Canada and occupy your home as your principal residence. Information regarding the Homeowner Grant is mailed along with your property tax bill.
MORTGAGE OPTIONS
• Depending on your down payment, you may have a conventional mortgage or a high-ratio mortgage.
• A conventional mortgage is a mortgage that has a down payment at least 20% of the purchase price.
• If your down payment is less than 20% of the purchase price you will typically need a high-ratio mortgage.
FIXED vs. VARIABLE INTEREST RATE
• Mortgage interest rates are either fixed or variable.
• A fixed interest rate is a locked-in rate that will not increase for the term of the mortgage.
• A variable rate fluctuates based on the Bank of Canada Prime Rate.
MORTGAGE CALCULATOR
DO I NEED MY OWN REALTOR?
• Absolutely not. Our qualified staff and in-house Realtors are here to help and save you money! Should you wish to bring a Realtor along, we can provide them with all the information they need.
• We offer the most competitive and market aggressive pricing in the lower mainland so that our clients live happily with extra money in their pockets!
ARE YOU A REALTOR?
• When you arrive with your clients or visiting alone, please register and leave a business card with our Sales Team.
• Our project Show Homes are open 12–5 daily except Fridays; if you have any questions call us or come by any time!
OUR IN-HOUSE TEAM OF EXPERTS
• Our Sales Team consists of veterans in the Real Estate field with a combined 20 years of experience serving the community.
• We pride ourselves on our relationships with the community and have links to a wide range of financial and legal institutes to get you the best service possible!
Come on in and allow us to make your dreams a reality!
STRATA INFO
• A strata is responsible for managing the common property and common assets of the completed development for the benefit of the owners. The owners of each home within the development are members of the strata.
STRATA COUNCIL
• The strata council is a group of elected owners who oversee the day-to-day running of the property and the strata’s affairs.
• If you’re interested in volunteering your time to the strata council then be sure to attend your strata meetings for specific instructions.
FEES
• Strata fees cover items such as insurance for the building and common areas, landscaping, garbage pickup and snow removal. Be sure to check the disclosure statement to see what is included in your strata fees.
• A percentage of your strata fee will also be set aside into a contingency fund for future repairs and long-term maintenance.
2-5-10 warranty for new homes.
Mortise Warranty
CONTACT FORM
For general inquiries, please use the form below. One of our representatives will return your message within 48 hours.
Contact Form
Links
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