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Bob Dunn: Experience Matters

Experience the Marrow of Nature (Thoreau)

Artisans Equestrians Environmentalist

10.3 Acres Of Sequestered Bliss Nestled In The Hills Of Mission, British Columbia

$649,000.00

Rustic Entrance and Gentle Meandering Laneway

Water. Gathering The Basic Elements Of Life.

A Place to Rest Your Body Mind And Soul

Take Your Fill Of The Scent of Lilacs Among The Forest Fragrances

2,700 Square Foot House

Private showings by appoinment.

Bob Dunn

604-807-8251

Terry Chenier

604-826-8467

Harmonized Sales Tax Slams BC Real Estate

Harmonized Sales Tax
On July 23, 2009, Premier Gordon Campbell and Finance Minister Colin Hansen announced that, effective July 1, 2010, BC will adopt a Harmonized Sales Tax (HST), combining the seven per cent Provincial Sales Tax (PST) with the five per cent federal Goods and Services Tax (GST) for a single sales tax rate of 12 per cent.

An additional seven per cent tax will be charged on a variety of real estate related services, including commissions, appraisals and other services that are currently exempt, as well as adding thousands of dollars in additional costs to new home purchases.

Looking to offset the increase in costs, the Government of BC plans to offer a partial rebate of the provincial portion of the HST for new housing to ensure that new homes up to $400,000 will bear no more tax than under the current PST system, while homes above $400,000 will receive a flat rebate of about $20,000.

What does this mean for REALTORS®?
As proposed, the HST will increase the cost of buying or selling a home and becomes essentially an additional tax on home ownership. Under the HST, REALTOR® commissions will be subject to a 12 per cent tax, replacing the five per cent GST now charged.

New home sales over $400,000 will be dramatically impacted, as buyers will now have to pay an additional seven per cent tax (even with the $20,000 flat rebate). This will act as a disincentive to buyers of new homes in the short term.

Next steps
Although no consultation occurred before the announcement, BCREA is working on recommendations to keep the impact of the HST as neutral as possible with respect to housing attainability. BCREA President John Tillie is preparing an opinion editorial for publication in the Vancouver Sun on Wednesday, July 29.

More information will be available once the BCREA Board of Directors, staff and member boards have had a chance to review and analyze potential strategies.

"Copyright British Columbia Real Estate Association. Reprinted with permission." BCREA makes no guarantees as to the accuracy or completeness of this information.

Island of Serenity in Mission

While driving through Mission I was compelled to stop and look at a property built in 1912 and restored to create a picturesque setting that is seldom found.

The creation of this property is truly a work of art.

What is better than an afternoon read in the garden?

A garden meditation.

Art is a work of great passion.

Have You Visited Clayburn Village

Clayburn Village reminds me of the small mining towns I've encountered on my drives through the Kootenay Mountains of British Columbia.

Located within the City of Abbotsford the Village of Clayburn was founded to provide housing and a market center for the brick plant established on Sumas Mountain in 1905.

Take a stroll in the village and enjoy the restored Victorian houses, and brick houses. The restored church and school house now serve as meeting centers for Clayburn and the surrounding community.

Clayburn Village Store & Tea Shop and the Hummingbird Gallery are a must see.

Dragon Fort Restaurant Best Food in Abbotsford

The Dragon Fort is a wonderful find in Abbotsford of us who really really like home style Chinese food. I was raised in Vancouver and for many years ate in many of the restaurants in the 100 block East Pender Street.

Today there are plenty of high class Chinese restaurants in Vancouver but in those days they were an economic choice for a young couple on a date or any working person looking for a good health meal that woulds stick to your ribs.

The Dragon Fort Restaurant Abbotsford is cut from the same cloth.

The owners have been there for about 23 years and withing the last two years have build a new building to accommodate the steady flow of customers.

The Dragon Fort has the best deal in Abbotsford for lunch and take out.

Give them a try.

You won't be disappointed.