Archived blog posts for : 2012 : page 12

Welcome to the new year in Real Estate in Victoria

Posted on January 7, 2013 by The Preferred Homes Team (Re/Max Camosun)

Good morning everyone and welcome to 2013! We would like to wish you all a very happy & prosperous new year.

In terms of real estate, I think it is going to be quite an exciting year as there are lots of changes coming up. The biggest, of course, is the cancellation of the HST. Before we go any further, I want to take a minute and clean up one major misconception...

No, houses do not get less expensive when we switch back to the GST only model!

Here is the detailed explanation: Right now, and until March 31, 2013, new houses include GST + 2% (of the 7% of the HST) as long as the house is under $850,000 - this is the HST. Once the HST goes away, the same houses only include GST but the builders cost goes up because the builders cannot write off the 7% PST like they can under the HST. The net result is that all of their building materials cost 7% more after April 1, 2013, than they do now. On most houses, 7% of increased cost in materials ends up increasing the total build cost of the house by just over 2%. I'm sure that you can see where I am going... The net result, is that new houses priced "including net HST" will cost the same after the HST goes away, as before. You will also read about a transition tax of 2%. This is taken into account in my calcuations as well. Do the math, and you will see this for yourself that new houses prices wil not go down after the HST goes away.

Of course, resale houses do not include HST anyway so they do not change in price.

If you have any remaining questions regarding HST, feel free to give us a call and we would be happy to go over the math with you.

(h)(s)

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SOLD! 3392 Merlin RD - $508,800

Posted on January 5, 2013 by The Preferred Homes Team

We have just sold another property at 3392 Merlin RD. We would love to sell your property, just give us a call!

See details here

** Open Every Wed/Sun, 1-4pm** Homes at Hazelwood is nearly SOLD OUT so we are now offering our gorgeous show home for sale with many great upgrades and options such as a full set of appliances, blinds, and 9' smooth ceilings. The ?Coachwood? offers the ultimate in privacy and value with a spacious great room with real gas fireplace, and a large master with ensuite and walk in closet. The spacious 1 bed suite over the detached double garage gives you a lucrative mortgage helper without sacrificing privacy! Constructed by Limona to Built Green BC standards to be a more efficient, cost effective, and healthy home. Price includes HST.

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OPEN HOUSE: 35 Bamford CRT in VICTORIA - $489,900

Posted on January 4, 2013 by The Preferred Homes Team

Property Photo: 35 Bamford CRT in VICTORIA

Open House on Saturday, January 12, 2013 13:00 - 16:00 Showhome located @ 39 Bamford Court.

See details here

The ?Cedarwood? is spacious a 3 bedroom home offering large rooms, an island kitchen with eating bar, and a great room with plenty of windows. The kids can roam free on the lower level with its immense rec room. A bright sunny home with generous room sizes! ?The Summit at Thetis? is a new development of semi-custom 3-4 bedroom homes priced from $475,000 to $550,000 offering exceptional value with 9ft ceilings, real gas fireplaces, gas barbecue outlets, and more, all surrounded by green space and only a short walk to Thetis Lake Park. Choose your plan, your lot, customize, and move into your dream home in about six months. Price includes net HST.

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OPEN HOUSE: 2371 Chilco RD in VICTORIA - $479,900

Posted on January 4, 2013 by The Preferred Homes Team

Property Photo: 2371 Chilco RD in VICTORIA

Open House on Saturday, January 12, 2013 13:00 - 16:00 -Showhome at 39 Bamford Court.

See details here

** The ?Ashbury? provides exceptional value with its large open plan main level, large island kitchen, plus a separate living room. A grand curving staircase leads upstairs to three bedrooms, including a spacious master with walk-in closet and ensuite. Great value in an affordable package! ?The Summit at Thetis? is a new development of semi-custom 3-4 bedroom homes priced from $475,000 to $550,000 offering exceptional value with 9ft ceilings, real gas fireplaces, gas barbecue outlets, and more, all surrounded by green space and only a short walk to Thetis Lake Park. Choose your plan, your lot, customize, and move into your dream home in about six months. Price includes net HST.

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OPEN HOUSE: 2375 Chilco RD in VICTORIA - $539,900

Posted on January 4, 2013 by The Preferred Homes Team

Property Photo: 2375 Chilco RD in VICTORIA

Open House on Saturday, January 12, 2013 13:00 - 16:00 Showhome @ 39 Bamford Court.

See details here

The ?Crownwood? greets you with its vaulted foyer as you enter the open plan great room with island kitchen on the main level. Upstairs, generous space continues with three bedrooms plus a loft style den with balcony. A double garage rounds out the excellent value in this large home! ?The Summit at Thetis? is a new development of semi-custom 3-4 bedroom homes priced from $475,000 to $550,000 offering exceptional value with 9ft ceilings, real gas fireplaces, gas barbecue outlets, and more, all surrounded by green space and only a short walk to Thetis Lake Park. Choose your plan, your lot, customize, and move into your dream home in about six months. Price includes net HST.

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SOLD! 7419 Mark LANE in VICTORIA - $699,900

Posted on January 3, 2013 by The Preferred Homes Team

Property Photo: 7419 Mark LANE in VICTORIA

We have just sold another property at 7419 Mark LANE in VICTORIA. We would love to sell your property, just give us a call!

See details here

Panoramic ocean views over Brentwood Bay and the Saanich Inlet greet you as you step through the front door of this custom-built, spacious, executive home. Across the road from the water, the ocean views continue through walls of windows from every principal room and from the massive 700ft ocean view deck with solid glass, cap-less railing. Inside, the home continues to impress with generous rooms, and a huge master suite with large ensuite and dual walk in closets - again with impressive ocean views. Outside, you will find a large level yard, RV parking, and a location that ensures your utmost privacy. This is truly a must see home for the ocean view home buyer that is even better in person than the gorgeous photos!

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OPEN HOUSE: 3368 Merlin RD - $499,900

Posted on January 1, 2013 by The Preferred Homes Team

Open House on Wednesday, January 9, 2013 13:00 - 16:00 Showhome located @ 3361 Piper

See details here

The ?Coachwood? offers the ultimate in privacy and value with 9? ceilings, a spacious great room with real gas fireplace, and a large master with ensuite and walk in closet. The spacious 1 bed suite over the detached double garage gives you a lucrative mortgage helper without sacrificing privacy! ?Homes at Hazelwood? is a collection of 50 semi-custom 3-4 bedroom homes priced at $359,900 - $499,900 offering exceptional value with 9ft ceilings, gas fireplaces, gas barbecue outlets, and more. Choose your plan, your lot, customize, and move into your dream home in about four months. Constructed by Limona to Built Green BC standards to be a more efficient, cost effective, and healthy home. Price includes HST.

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OPEN HOUSE: 3353 Piper RD - $449,900

Posted on January 1, 2013 by The Preferred Homes Team

Open House on Wednesday, January 9, 2013 13:00 - 16:00 Sales office located at 3361 Piper

See details here

The ?Ellery? offers the best in affordability with 4 bedrooms, including a 1 bed legal suite on the no-step ground level ? great for a mortgage helper. Upstairs, the value continues with 9? ceilings, a great room with real gas fireplace and an ensuite master? all at an amazing price. ?Homes at Hazelwood? is a collection of 50 semi-custom 3-4 bedroom homes priced at $359,900 - $499,900 offering exceptional value with 9ft ceilings, real gas fireplaces, gas barbecue outlets, and more. Choose your plan, your lot, customize, and move into your dream home in about four months. Constructed by Limona to Built Green BC standards to be a more efficient, cost effective, and healthy home. Price includes HST.

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OPEN HOUSE: 3357 Piper RD - $389,900

Posted on January 1, 2013 by The Preferred Homes Team

Open House on Wednesday, January 9, 2013 13:00 - 16:00 Showhome located at 3361 Piper

See details here

Choose your home, your lot, your custom features, and move into your dream home in about four months ? or move into the show home today. The ?Winchester? offers a versatile layout with 1 of the 3 bedrooms, and an additional family room, on the ground level ? along with a driveway and garage in the rear. Upstairs, enjoy the great room with 9? ceilings, gas fp, open concept kitchen, and sunny deck, all at an amazing price! Constructed by Limona to Built Green BC standards to be a more efficient, cost effective, and healthy home. With 1000 homes built and over 50 CARE awards to their credit, you can be assured of a quality home with lasting value. Net HST included.

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OPEN HOUSE: 3367 Merlin RD - $389,900

Posted on January 1, 2013 by The Preferred Homes Team

Open House on Wednesday, January 9, 2013 13:00 - 16:00 Showhome at 3361 Piper

See details here

IMMEDIATE OCCUPANCY!The ?Thomas? offers a popular layout with 3 bedrooms up. You will enjoy large master with its walk in closet and full ensuite. The ground level, features a great room with 9? ceilings and spacious kitchen with island, only a step from your outdoor patio with gas hookup, all at an amazing price! ?Homes at Hazelwood? is a collection of 50 semi-custom 3-4 bedroom homes priced at $359,900 - $499,900 offering exceptional value with 9ft ceilings, real gas fireplaces, gas barbecue outlets, and more. Choose your plan, your lot, customize, and move into your dream home in about four months. Price includes HST.

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