Listing: https://bcres.paragonrels.com/paragonls/publink/view.mvc/?GUID=8ad4ab11-c865-4d3c-8607-e763c6717cec&Report=Yes

Open House January 25th and 26th, from 2-4 PM.

I'm excited to present an exceptional opportunity to own a luxurious 1-bedroom, 1-bathroom condominium located on the 56th floor of The Amazing Brentwood.

Key Features:

• Breathtaking Views: Enjoy unparalleled vistas of the city, Burrard Inlet, and majestic mountains from your expansive patio, perfect for relaxation or entertaining guests.

• Modern Kitchen: The sleek kitchen boasts built-in appliances, quartz countertops, and ample cabinetry, catering to both style and functionality.

• Spacious Bedroom: The bright bedroom features double closets and direct access to a spa-inspired bathroom with a soaker tub, providing a serene retreat.

• Premium Amenities: Residents have access to a yoga space, gym, co-working spaces, and more, enhancing your living experience.

• Unbeatable Location: This home is directly attached to the Brentwood SkyTrain station and Brentwood Mall, offering unparalleled convenience for shopping, dining, and commuting. Plus, it's just minutes from Highway 1, making it ideal for easy travel to downtown Vancouver or the Fraser Valley.

This property includes one parking stall and one storage locker. Listed at $672,000, with an annual property tax of $1,890 and a maintenance fee of $340.79.

Don't miss the open houses on January 25th and 26th, from 2-4 PM. For more details or to schedule a private viewing, please contact me at 604-719-5105 or jaklindalir@gmail.com.

This is your chance to live in luxury at one of Burnaby's most sought-after locations!

Listing link: View the listing here

Explore this inviting 2-bedroom, 2-bathroom condo located in the heart of Newport Village, Port Moody. Situated at 104-200 Newport Drive, this beautifully maintained home offers 937 sq ft of functional living space, ideal for those seeking comfort and a vibrant lifestyle in one of the city’s most desirable communities.

Property Highlights:

• Cozy Living Area: Relax in the spacious living room with a gas fireplace, seamlessly connected to the dining area, creating a warm and inviting atmosphere.

• Private Outdoor Retreat: Enjoy your morning coffee or unwind in the evening on a covered deck overlooking lush, landscaped gardens.

• Well-Appointed Kitchen: Featuring ample countertop space and an eating area, this kitchen is perfect for meal prep and casual dining.

• Spacious Primary Bedroom: Includes two large closets—one of which is a walk-in—and a luxurious 4-piece ensuite for your convenience.

• Building Amenities: Residents have access to a hot tub, gym, and social room, enhancing the living experience.

Prime Location:

Located in the heart of Newport Village, this condo is within walking distance to:

• Shopping centers and boutique stores

• Recreational facilities and the library

• SkyTrain stations and major transit hubs

• Brewery Row and Rocky Point Park

This central location offers an unmatched combination of convenience and leisure.

About The Elgin:

Built in 1996 by BOSA, The Elgin is a well-maintained building featuring 121 units across 20 floors. Known for its quality construction and excellent amenities, The Elgin is a standout choice for those seeking a home in Port Moody.

Open House:

📅 Join me on Saturday, January 18th, from 2:00 PM to 4:00 PM for an open house. Discover this stunning condo and envision your life in Newport Village!

Listing Details:

• Price: $645,000

• Bedrooms: 2

• Bathrooms: 2

• Size: 937 sq ft

• Price per Square Foot: $688

• MLS® Number: R2954152

For inquiries or to schedule a private tour, contact:

Jaklin Dalir Personal Real Estate Corporation
Royal LePage Elite West Realty
📱 Phone: 604-719-5105
✉️ Email: jaklindalir@gmail.com

Don’t miss the opportunity to own a piece of Port Moody’s finest living. See you on Saturday, January 18th!

https://youtube.com/shorts/OV3XzmZli6k?feature=shared

As of January 1, 2023, the BC Home Flipping Tax has reshaped the way real estate transactions are approached in British Columbia. For homeowners, investors, and prospective buyers alike, understanding this policy is crucial to navigating the market effectively.

What Is the BC Home Flipping Tax?

The Home Flipping Tax is designed to address housing affordability and discourage speculative practices. Under this policy, individuals who sell a property they’ve owned for less than 12 months are subject to additional taxes on the profits earned. This is known as "anti-flipping" legislation, aiming to curb short-term property speculation that inflates housing prices.

Who Does It Apply To?

The tax applies to both residential properties and assignment sales (sales of purchase contracts before the property is built or completed). However, there are exceptions for life circumstances, such as:

• Death of a property owner or their immediate family member.

• Divorce or separation in cases of marriage or common-law breakdown.

• Health issues that necessitate relocation.

• Job relocations or job loss.

It’s essential to consult a tax professional or legal advisor to determine if you qualify for any exemptions.

How Does It Work?

If a property is sold within 12 months of purchase and doesn’t meet exemption criteria, any profits are taxed as business income rather than capital gains. This means the full amount of the profit is taxable at your marginal income tax rate, rather than the preferential tax treatment usually applied to capital gains.

For example, if you buy a home for $800,000 and sell it within a year for $850,000, the $50,000 profit is taxed as regular income. Depending on your tax bracket, this could result in a significant tax burden.

Implications for the Market

The Home Flipping Tax has significant implications for investors and casual home sellers:

1. Discouraging Speculation: The tax discourages individuals from flipping properties for quick profit, which could reduce pressure on housing prices.

2. Changing Investment Strategies: Investors may shift focus to long-term holds rather than short-term gains.

3. Affecting Supply: While the policy aims to improve affordability, it may inadvertently reduce the number of homes available for resale, impacting supply in certain areas.

What Should You Do?

If you're planning to sell a property within a year of purchasing it, carefully evaluate your situation. Here are some tips:

• Understand Your Timeline: If you’re uncertain about how long you’ll hold onto a property, factor this tax into your financial planning.

• Work with Professionals: Realtors, tax advisors, and financial planners can help navigate the complexities of the tax and identify exemptions or strategies to minimize your liability.

• Stay Informed: Policy changes can occur. Staying up-to-date ensures you make informed decisions.

Final Thoughts

The BC Home Flipping Tax is part of a broader strategy to address housing affordability and market stability. While it adds an extra layer of complexity for sellers and investors, it also presents an opportunity to reevaluate priorities and focus on sustainable, long-term investments.

If you have any questions or would like to discuss how this tax might affect your real estate plans, feel free to reach out.

Charming Condo in Newport Village, Port Moody

Listing link: View the listing here

Discover the perfect blend of comfort and convenience in this delightful 2-bedroom, 2-bathroom condo located in the heart of Newport Village. Situated at #104-200 Newport Drive, Port Moody, this residence offers 937 sq ft of functional living space, making it an ideal choice for those seeking a vibrant community lifestyle.

Property Highlights:

• Inviting Living Area: The generous living room features a cozy gas fireplace, seamlessly connecting to the dining area, creating a warm and welcoming atmosphere.

• Private Outdoor Space: Step out onto a private, covered deck overlooking beautifully landscaped gardens—perfect for relaxation and outdoor enjoyment.

• Efficient Kitchen: The kitchen boasts ample countertop space and an eating area, catering to your culinary needs.

• Spacious Primary Bedroom: Includes two large closets, one being a walk-in, and a 4-piece ensuite bathroom, providing comfort and convenience.

• Amenities: Residents have access to excellent building amenities, including a hot tub, gym, and social room, enhancing the living experience.

Prime Location:
Nestled in Newport Village, this condo is within walking distance to a variety of amenities, including shopping centers, recreational facilities, the library, SkyTrain stations, Brewery Row, and Rocky Point Park. This prime location ensures that everything you need is just a short stroll away.

About The Elgin:
Built in 1996 by BOSA, The Elgin is a well-maintained building comprising 121 units over 20 floors. It offers a range of amenities designed to support a comfortable and active lifestyle.

Open House:
📅 Join me this Saturday from 2:00 PM to 4:00 PM for an exclusive tour of this beautiful property. Don’t miss the chance to experience the charm of Newport Village living firsthand!

Listing Details:

• Price: $660,000

• Bedrooms: 2

• Bathrooms: 2

• Size: 937 sq ft

• MLS® Number: R2954152

For more information or to schedule a private viewing, please contact:

Jaklin Dalir Personal Real Estate Corporation
Royal LePage Elite West Realty
📱 Phone: 604-719-5105
✉️ Email: jaklindalir@gmail.com

I look forward to welcoming you at the open house this Saturday!