RedBrick, Edmonds Burnaby

LAST CHANCE TO LIVE FREE FOR A YEAR!

Final opportunity to “Live Free” for a year on all 1 bedroom homes. Own for 5% down and move in now — you'll pay no mortgage payments, no strata fees, no property taxes for one year.

The new homeowners at RedBrick are enjoying:

  • Stainless steel appliances and engineered hardwood flooring
  • A convenient location two blocks from the Edmonds SkyTrain
  • Private landscaped greenspace with children’s play area and a BBQ terrace
  • Exercise facility with cardio machines and weight equipment

Come see these popular homes for yourself before they’re sold out. Limited opportunities remain!
1-bedroom homes from $262,900   2-bedroom homes from $413,900

REDBRICK PRESENTATION CENTRE & SHOW HOME

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Wise real estate decisions are made when you have a clear understanding of your personal financial circumstances. When assessing your situation, it is important to know there is a broad range of cost-saving programs available to help you.

Top Grants and Rebates (updated February 2014) - PDF 
50 Ways to Green Your Home and Save $$$ (updated December 2013) - PDF

Updated: April 2014

Home Buyers’ Plan: Registered Retirement Savings for down payments

Canada Revenue Agency’s Home Buyers' Plan lets qualifying home buyers use up to $25,000 of their Registered Retirement Savings Plan (RRSP) to buy a home. Couples can use up to $50,000. The home must be a principal residence, the home buyers must not have owned a home within the past five years and the loan must be repaid with 15 years.

Disabled home buyers upgrading to a more accessible home also qualify as do relatives helping disabled home buyers. Home buyers who have already used the plan and have fully repaid their RRSP may be eligible to use the plan a second time.

Canada Revenue Agency
For information:
Home Buyers' Plan
1-800-959-8287

 

First-Time Home Buyers' Tax Credit

This federal non-refundable income tax credit for qualifying buyers of detached, attached, apartment condominiums, mobile homes or shares in a cooperative housing corporation.

It’s calculated by multiplying the lowest personal income tax rate for the year by $5,000.

Canada Revenue Agency
For information:
www.cra.gc.ca/hbtc 
1-800-959-8281

GST Rebate on New Homes

New home buyers can apply for a rebate of the 5% GST if the purchase price is less than $350,000. The rebate is up to 36% of the GST to a maximum rebate of $6,300. There is a proportional GST rebate for new homes costing between $350,000 and $450,000.

Canada Revenue Agency
For information:
GST-New housing rebate
1-800-959-8287

BC Property Transfer Tax (PTT)

Home buyers in BC pay a provincial Property Transfer Tax (PPT) when they buy a home. The tax is charged at a rate of 1% on the first $200,000 of the purchase price and 2% on the remainder.

First-time home buyers may be exempt from paying the PTT of 1% on the first $200,000 and 2% on the remainder of the purchase price of a home priced up to $475,000. There is a proportional exemption for between $475,000 and $500,000. At $500,000 and above the rebate is nil.

BC Ministry of Finance
For information:
Property Transfer Tax
250-387-0604

BC Property Tax Deferment Programs

Seniors
Qualifying home owners aged 55+ may be eligible to defer property taxes.

Financial hardship
Qualifying low-income home owners may be eligible to defer property taxes.

Families with children
Qualifying low-income home owners who financially support children under age 18 may be eligible to defer property taxes.

BC Ministry of Finance
For information:
Property tax deferment programs
and enter ‘Property tax deferment’ in the search box or contact your municipal tax office.

BC Home Owner Grant

Reduces property taxes for home owners with an assessed value up to $1,100,000. The basic grant gives home owners:

• a maximum reduction of $570 in property taxes on principal residences in the Capital, Greater Vancouver, and Fraser Valley regional districts
• an additional grant of $200 to rural homeowners elsewhere in the province
• an additional grant of $275 to seniors aged 65+, those who are permanently disabled and verterans of certain wars

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.