Real Estate Blog

“Most individuals who sell real estate are aware that a sale of a principal residence does not attract income tax.”

The Income Tax Act requires the individuals to file a prescribed form with their income tax return for the year in which the principal residence is sold. In practice, however, the vast majority of individuals who sell their principal residence will merely ignore the requirement to file the proper forms under the assumption that the sale is not taxable.

In order for a property to qualify as a principal residence during any particular year it must:

  1. be a housing unit, a leasehold interest therein, or a share of stock of the co-operative housing corporation. The Canada Revenue Agency (CRA) interprets the term housing unit as being a
251 Views, 0 Comments

Spagnuolo & Co Real Estate Lawyers have done a fabulous job of explaining what Title Insurance is and why you need it! Check out the article here. This article discusses:

  1. What is Title Insurance?
  2. What does Title Insurance Cover?
  3. How much does Title Insurance cost?
  4. How do you order Title Insurance?
  5. Why Stewart Title?
  6. Is Title Insurance mandatory?
  7. What is the Land Title Office Notification System and can this be used to guard against title fraud?

Summary

We hope this is of help to those concerned about title fraud and title insurance. For further information or answers to any questions on Title Insurance, you can email Spagnuolo & Co direct at realestate@spagslaw.ca.

Please remember that while they try to keep their

248 Views, 0 Comments

"THERE ARE CERTAIN LEGAL AND ACCOUNTING ISSUES THAT ARISE WHEN A NON RESIDENT OF CANADA ACQUIRES OR SELLS PROPERTY IN CANADA.”

Spagnuolo & Co Real Estate Lawyers have done a fabulous job of explaining how easy it is for non-residents of Canada to purchase a property and the what is needed from the Canada Revenue Agency during ownership as well as when a non-resident of Canada sells a property. They have also explained “Who is a Non-Resident”.

Check out the article here.

Two other VERY IMPORTANT things to do while you are in Canada: open a Canadian Bank account and visit your lawyer to get them to Certify your Identification!!

Summary

We hope this is of help. For further information or answers to any questions, you can email Spagnuolo & Co

229 Views, 0 Comments

Why would you list with another company when you can choose one that has THE technology to reach the buyers to get your property SOLD?

RE/MAX of Western Canada, Denise Brown www.RealWhistlerLiving.com and RE/MAX Sea to Sky Real Estate Whistler have the technology marketing all TIED UP when we reach your target market in Western Canada MORE (that’s 4,827,883 more) than the other LOCAL companies.


Denise Brown www.RealWhistlerLiving.com and RE/MAX Sea to Sky Real Estate Whistler have the marketing all TIED UP when we can advertise your property over 16.5 MILLION times MORE than the other LOCAL companies.  

Call Denise Today 16049352013 to ask her how she can get your property sold!

432 Views, 0 Comments

6-year award winner of the REBGV Medallion Club

I WIN! Yay! Once a year I am allowed to Toot my own horn

All of us (even me) are shy about shouting to the rooftops about our awards, but once a year I let myself glow!

2014 was a year of personal struggles and 2015 has started a little of the same, HOWEVER, I have still managed to keep assisting my FAVORITE CLIENTS with their Whistler real estate decisions. Helping people is what I do and one of my rewards is this… recognition from my peers.

The Real Estate Board of Greater Vancouver (for the 6th year in a row) has included me in their Medallion Club which is the Top 10% of Realtors participating in their MLS. Whistler has their own private Whistler Listing System but I feel it is absolutely

451 Views, 0 Comments

Hello Whistler property owners

Did you receive your Notice of Assessed Value this week and it shows the value of your property went up significantly and you are not sure why?

BC Assessment Authority Vancouver BC

BC Assessment Authority Vancouver BC

The BC Assessment Office has put out this information Video for you to look at here.

They have great tools and resources on their website at www.BCAssessment.ca On this website they are stating that Whistler properties increased in value an average of 6.2%, although they are using a home in White Gold as an example at the value date of July 1, 2013 it was worth $988,000 and July 1, 2014 it was worth $1,061,000 (approx 7.4%).

What about your property? You can check to see which properties the BC Assessment office used to review

212 Views, 0 Comments

Karen Garrett of Dominion Lending Centre/Sea to Sky Mortgages has ALL the information you need if you are a non-resident of Canada (or a resident) wanting to buy a property in Whistler. I am attaching two pieces of information. Just click on the links below:

Dominion Lending Centres non resident US only

Dominion Lending Centres USA Resident Financing

You can also contact her direct… she’s a great friend of mine and a wonderful person to help you organizing the financing of your purchase.

Karen GarrettLicensed Mortgage Professional

Dominion Lending Centre

Sea to Sky Mortgages

Ph 604.905.6359/ After hours 604.938.3638

Fx 604.905.4460/ 1.877.905.4460

Cell/Mobile 604.938.3638

Toll free phone 1.888.689.0070

And if you

316 Views, 0 Comments

Things to do Prior to Completion

If applicable and specifically prepared for Whistler properties bought and sold.

Don’t forget to ……

  • Contact Telus at 1-604-310-2255 to transfer/cancel the telephone, internet or Optik TV
  • Contact Strata Management Company to organize or cancel monthly payment of fees
  • Contact Tourism Whistler to organize payment/cancellation of annual Tourism Whistler fees 1-604-932-3928
  • Contact Shaw Cable at 1-604-932-1111 to transfer cable service; Bell ExpressVu to transfer satellite service 1-888-SKYDISH or 310-BELL; Contact Starchoice to transfer satellite service 1 866 STAR-WEB (7827-932)
  • Contact BC Hydro at 604-224-9376 or 1-800-224-9376 to transfer services; Contact FortisBC (natural or propane gas) at
399 Views, 0 Comments

Emergency Preparedness Kit

What do you need to pack in case of an emergency? Print out this Emergency Preparedness Kit and pack for safety!

M: Must haves R: Recommended N: Nice to have

 

CHECKLIST RATING

FOOD

  M Water – 2 litres per person per day
  R Water – 4 litres per person per day
  R Energy/Granola/Trail Bars
  R Trail Mix
  N Hardy Candy/Chocolate/Gum
  N Protein Drinks and Meal Replacements
  N Dried Foods (fruit and beef jerky)
  Rating

CLOTHING

  M Running shoes or other comfortable walking shoes
  M Hat
  R Gloves
  R/N Blanket or quilt
  N
248 Views, 0 Comments

Have a Question?

Contact Us

Follow Us