HST Relief!

Just in!

Government is announcing new relief measures that will benefit purchasers and builders of new homes. The B.C. new housing rebate threshold will be increased to $850,000, effective April 1, 2012, meaning more than 90 per cent of newly built homes will now be eligible for a provincial HST rebate of up to $42,500.

Quotes:

Finance Minister Kevin Falcon –

“These measures ensure that there is fairness and equity throughout the transition period, and provide a roadmap for the housing industry to make the transition back to PST as smooth as possible.”

“The relief measures announced today are a boost to home buyers purchasing either a new primary residence or a secondary home. At the same time, they help an important job-creator in all parts of the province.”

For more information follow this link: http://www2.news.gov.bc.ca/news_releases_2009-2013/2012FIN0006-000165.htm

The Bridges at Glenview Pond team is pleased with this announcement and will look into the finer details once they are available.

Kindest Regards,

Jim Andrews - President Valux Homes Ltd.