Bob Sethi, B.Comm | 604.273.2828

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Posted in McLennan North, Richmond Real Estate
Property Photo: 7 9580 ALBERTA RD in Richmond
I have listed a new property at 7 9580 ALBERTA RD in Richmond.
PARKSIDE ESTATES by Tien Sher. Luxuriously appointed new 3 and 4 bdrm homes located next to Anderson Elementary and MacNeil Secondary and only steps to daycare. Minutes from Garden City Park, No.3 Rd shopping and Canada Line. Only 12 homes available - first JUNE 25 & 26 from 1 - 4pm.
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Posted in McLennan North, Richmond Real Estate
Property Photo: 8 9580 ALBERTA RD in Richmond
I have listed a new property at 8 9580 ALBERTA RD in Richmond.
PARKSIDE ESTATES by Tien Sher. Luxuriously appointed new 3 and 4 bdrm homes located next to Anderson Elementary and MacNeil Secondary and only steps to daycare. Minutes from Garden City Park, No.3 Rd shopping and Canada Line. Only 12 homes available - first JUNE 25 & 26 from 1 - 4pm.
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Posted in McLennan North, Richmond Real Estate
Property Photo: 4 9580 ALBERTA RD in Richmond
I have listed a new property at 4 9580 ALBERTA RD in Richmond.
PARKSIDE ESTATES by Tien Sher. Luxuriously appointed new 3 and 4 bdrm homes located next to Anderson Elementary and MacNeil Secondary and only steps to daycare. Minutes from Garden City Park, No.3 Rd shopping and Canada Line. Only 12 homes available - first JUNE 25 & 26 from 1 - 4pm.
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Posted in McLennan North, Richmond Real Estate
Property Photo: 9 9580 ALBERTA RD in Richmond
I have listed a new property at 9 9580 ALBERTA RD in Richmond.
PARKSIDE ESTATES by Tien Sher. Luxuriously appointed new 3 and 4 bdrm homes located next to Anderson Elementary and MacNeil Secondary and only steps to daycare. Minutes from Garden City Park, No.3 Rd shopping and Canada Line. Only 12 homes available - first JUNE 25 & 26 from 1 - 4pm.
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Posted in McLennan North, Richmond Real Estate
Property Photo: 10 9580 ALBERTA RD in Richmond
I have listed a new property at 10 9580 ALBERTA RD in Richmond.
PARKSIDE ESTATES by Tien Sher. Luxuriously appointed new 3 and 4 bdrm homes located next to Anderson Elementary and MacNeil Secondary and only steps to daycare. Minutes from Garden City Park, No.3 Rd shopping and Canada Line. Only 12 homes available - first JUNE 25 & 26 from 1 - 4pm.
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Posted in McLennan North, Richmond Real Estate
Property Photo: 11 9580 ALBERTA RD in Richmond
I have listed a new property at 11 9580 ALBERTA RD in Richmond.
PARKSIDE ESTATES by Tien Sher. Luxuriously appointed new 3 and 4 bdrm homes located next to Anderson Elementary and MacNeil Secondary and only steps to daycare. Minutes from Garden City Park, No.3 Rd shopping and Canada Line. Only 12 homes available - first JUNE 25 & 26 from 1 - 4pm.
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Posted in McLennan North, Richmond Real Estate
Property Photo: 12 9580 ALBERTA RD in Richmond
I have listed a new property at 12 9580 ALBERTA RD in Richmond.
PARKSIDE ESTATES by Tien Sher. Luxuriously appointed new 3 and 4 bdrm homes located next to Anderson Elementary and MacNeil Secondary and only steps to daycare. Minutes from Garden City Park, No.3 Rd shopping and Canada Line. Only 12 homes available - first JUNE 25 & 26 from 1 - 4pm.
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Posted in agricultural land reserve, ALR, apartments, BC, BC Real Estate, high density housing, Immigration, Mainland China, Metro Vancouver, MV RGS, Regional Growth Strategy, Richmond, Schools, towhomes, Vancouver

Think housing in Vancouver is too expensive?  That Metro Vancouver is becoming a market only for the rich or foreign investors?  Seems local housing experts don't think so and they've got the numbers to back it up.

 

Tuesday's Globe and Mail interviewed Vancouver multi-family real estate marketer Bob Rennie and housing consultant Dale McClanaghan regarding Rennie's argument that Vancouver real estate is not expensive.  Rather, as the stats prove, its prices in Richmond and Vancouver west side that are skewing market perceptions.  With 30-year old single-family homes in Richmond selling between $800k-$1.3m and similar homes in Vancouver's west side selling for more adding those sales into the local stats is creating the perception that all of Metro Vancouver is expensive.  Blaming foreign investors for driving the prices up is also not accurate.  Rather, the buyers are new immigrants looking for the best homes for their families.  With safe streets, plenty of schools, government supported medical system plus all the other reasons you and I choose to live here, who wouldn't want to live here?

 

Both Rennie and McClanaghan do agree that Metro Vancouver does need to do more to ensure a supply of mid-priced housing.  This goal is the same shared by other large cities except Metro Vancouver's policies are not allowing for room to grow or a supply of land for housing.

 

Metro Vancouver's Regional Growth Strategy (MV RGS) has met heavy resistance from housing affordability experts and the housing industry.  The MV RGS is designating where and what type of housing can be built.  In most cases that means high-density multi-family apartments or townhomes with little allowance for new single-family homes.  The MV RGS also locks away buildable land for the next 30 years continuing to drive up the cost of land and the (multi-family) homes built on it.  The majority of these lands include ALR properties - lands that are not viable for farming due to small size, poor soil conditions or proximity to residential/industrial properties but more than suitable for housing.  While these policies may win Metro Vancouver politicians points with special interest groups they are failing to address the current or future needs of homebuyers by limiting the supply of land to build single-family homes.  After all, if buying a house is just attainable for current homebuyers how will future generations buy a home?  

 

Read more of the interview at http://www.theglobeandmail.com/news/national/british-columbia/busting-the-myths-of-vancouver-real-estate/article2033738/  (The Globe and Mail, May 24, 2011)

 

If you have any questions or comments feel free to contact me directly.

 

 

 

Curious where home values in your neighborhood are going?  Click here to find out.

 

 

 

Bob Sethi, BComm
RE/MAX Westcoast
o.    604-273-2828
f.     604-273-0685
e.    bob@bobsethi.com

w.   www.bobsethi.com

 


 

 

Not intended to solicit properties currently listed for sale.  All information contained in this communication is believed to be correct and taken from reliable sources but should be independently verified by the recipient prior to purchasing and/or selling real estate.  RE/MAX Westcoast.  Each office independently owned and operated.

 

Unless otherwise stated, the opinions of the author are of the author alone. The contents of this communication, including any attachment(s), are confidential and may be privileged. If you are not the intended recipient (or are not receiving this communication on behalf of the intended recipient), please notify the Sender immediately and delete or destroy this communication without reading it, and without making, forwarding, or retaining any copy or record of it or its contents. Thank you. NOTE: We have taken precautions against viruses, but take no responsibility for loss or damage caused by any virus present.

 

 

 

 

 

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Posted in BC, change, families, GST, harmonized tax, HST, Kevin Falcon, Minister, Province, Provincial Government, PST, reduce
Printer-friendly version   

The Best Place on Earth

INFORMATION BULLETIN

2011FIN0051-000598
May 25, 2011

Ministry of Finance

 

 

Government commits to 10 per cent HST

 

VICTORIA –The Province is committing to bold, responsive, and balanced changes to the Harmonized Sales Tax to make British Columbia families better off while ensuring government can meet its commitment to balanced budgets, Finance Minister Kevin Falcon announced today.

 

The plan, which is to be confirmed by legislative motion, is to reduce the total HST rate to 10 per cent from 12 per cent in two stages. The provincial portion would be cut by one percentage point to six per cent from seven per cent on July 1, 2012. A further one percentage point reduction would take effect on July 1, 2014.

 

All British Columbia families will benefit from these changes and, on average, pay less on their routine expenditures under the 10 per cent HST than going back to the PST and GST. To help offset the costs of the HST before the rate reduction in 2012, one-time transition cheques of $175 per child would be issued to families with children under 18 years old. In addition, low- and modest-income seniors will receive a one-time transition cheque of $175. The cost of the transition cheques is expected to be $200 million, and they will be issued by the end of the year.

 

The independent panel that reviewed the HST and the PST plus GST tax systems recently estimated that families now pay an average of $350 more in sales tax under the HST than they paid with the PST plus GST system. With a 10 per cent HST rate, instead of paying $350 more tax, B.C. families will on average pay $120 less tax than under the PST.

 

The independent panel also noted that while consumers are paying more, businesses are saving money. Furthermore, the Province remains committed to balancing the budget in 2013/14 while reducing the HST burden on families and modest income seniors. To help meet this commitment, government will increase the general corporate income tax rate to 12 per cent from the current 10 per cent on Jan. 1, 2012, and postpone the reduction in the small business tax rate planned for April 1, 2012. The measures would be temporary until the fiscal situation allows for further reductions.

 

Proposed changes to the HST will only take effect should British Columbians vote to keep the HST.

 

For more information about the HST, visit: www.HSTinBC.ca

 

Contact:

David Currie

Ministry of Finance

250 387-6591

 

BACKGROUNDER

HST policy change details

 

The Province plans to reduce the total HST rate to 10 per cent from 12 per cent in two stages should British Columbians vote to keep the HST in this summer’s referendum. The provincial portion of the HST would be cut by one percentage point to six per cent from seven per cent on July 1, 2012, and cut one more percentage point to 5 per cent on July 1, 2014. The rate reduction will benefit all B.C. families. The Independent Panel estimated that, on average, harmonization costs B.C. families $350 more per year on their typical expenditures. By reducing the HST rate to 10 per cent, the $350 average cost now becomes a $120 average benefit for B.C. families.

 

10 per cent HST

 

Family Income                        Net increase (Decrease)                    Net increase (Decrease)

                                                Per Independent Panel                     With 10% HST rate (07/14)

 

$10,000 or less                        ($73)                                                    ($170)

$10,001-20,000                       $32                                                      ($159)

$20,001-40,000                       $129                                                    ($155)                         

$40,001-60,000                       $366                                                    ($81)

$60,001-80,000                       $527                                                    ($53)

$80,001-100,000                     $657                                                    ($61)

Over $100,000                                    $1,029                                                 ($45)

Average                                  $350                                                    ($120)

 

2011 Transition Payments

 

All B.C. families will receive $175 for each and every child under 18, and low and modest income seniors will also receive a cheque for $175.

 

HST Referendum Details

 

British Columbians will be voting in a mail-in referendum on the HST. Ballots will be mailed in June and must be returned to Elections B.C. or a Service B.C. office by 4:30 p.m. on Friday, July 22, 2011.

 

For more information about the HST, visit: www.HSTinBC.ca

You can also follow us on Twitter at: http://twitter.com/hstinbc

Connect with the Province of B.C. at www.gov.bc.ca/connect

 

Contact:

David Currie

Ministry of Finance

250 387-6591

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Posted in Whalley, North Surrey Real Estate
Property Photo: 220 13733 107A AVE in Surrey
I have listed a new property at 220 13733 107A AVE in Surrey.
The Future Lives here! Rapidly developing Surrey City Centre is home to your new home at Quattro, South-facing, sunny 1-bedroom unit with balcony overlooking courtyard. Granite counters, tile floors, 9' ceilings, gym access, parking,storage plus more. Ready to move in today!
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Posted in 2011, April, attached, benchmark price, detached, Greater Vancover, Housing Price Index, HPI, MLS, RE/MAX, Real Estate Board of Greater Vancouver, REBGV

Greater Vancouver housing market sees typical spring activity in April

Greater Vancouver saw a typical, solid month of residential home sales on the Multiple Listing Service® (MLS®) in April, in contrast to the near record pace witnessed in the two preceding months.
 
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3,225 in April 2011, an 8.2 per cent decrease compared to the 3,512 sales in April 2010 and a 21 per cent decline compared to the 4,080 sales in March 2011.
 
Looking back further, last month’s residential sales represent an 8.8 per cent increase over the 2,963 residential sales in April 2009, relatively unchanged compared to April 2008, and a 4.8 per cent decline compared to the 3,387 sales in April 2007.
 
“While it continues to be a seller’s market in Greater Vancouver, last month’s activity brought greater balance between supply and demand in the overall marketplace,” Rosario Setticasi, REBGV president said. “The year-over-year decline in April sales can be attributed to a less active condominium market on our MLS®, as there were more detached and townhome sales this April compared to last year.”
 
New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,847 in April 2011. This represents a 23.5 per cent decline compared to April 2010 when 7,648 properties were listed for sale on the MLS®, which was an all-time record for April. Compared to March 2011, last month’s new listings total registered a 14 per cent decline.
 
At 14,187, the total number of residential property listings on the MLS® increased 8.2 per cent in April compared to last month and declined 10 per cent from this time last year.
 
“There’s considerable variation in activity within the communities in our region. This is causing home price trends to differ depending on the area,” Setticasi said. “Your local REALTOR® is a valuable resource for obtaining the most accurate, up-to-date market evaluation.”
 
The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 5 per cent to $622,991 in April 2011 from $593,419 in April 2010.
 
Sales of detached properties on the MLS® in April 2011 reached 1,402, an increase of 2.3 per cent from the 1,370 detached sales recorded in April 2010, and a 17.8 per cent increase from the 1,190 units sold in April 2009. The benchmark price for detached properties increased 7.4 per cent from April 2010 to $879,039.
 
Sales of apartment properties reached 1,201 in April 2011, a 21.3 per cent decrease compared to the 1,526 sales in April 2010, and an increase of 1.9 per cent compared to the 1,179 sales in April 2009. The benchmark price of an apartment property increased 2.9 per cent from April 2010 to $409,242.
 
Attached property sales in April 2011 totalled 622, a 1 per cent increase compared to the 616 sales in April 2010, and a 4.7 per cent increase from the 594 attached properties sold in April 2009. The benchmark price of an attached unit increased 2.4 per cent between April 2010 and 2011 to $514,670.


May 3, 2011
copyright© real estate board of greater vancouver. all rights reserved.
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Posted in Richmond condo strata development project six storey wood frame
Why wood-frame mid-rise construction works
 
By now you've heard of the fire that destroyed a condo project in Richmond.  If not, check out CBC News or other news outlets for coverage.  Still under construction there were no deaths reported but, undoubtedly, you'll start hearing from 'experts' why they think five to six-storey mid-rise wood frame projects are unsafe versus similiar height concete projects. 
 
One of the key arguments against six-storey wood frame is in regards to rescuing those out-of-reach of the fire department's ladder trucks.  This argument catches alot of support until you ask yourself "if the fire department's ladders can't reach the sixth floor of a wood frame condo building (making it unsafe) then how is it any easier for them to reach the sixth floor (or higher) of a concrete building?".  The answer is the sixth floor of a concrete tower is no easier to reach than the sixth floor of a wood-frame mid-rise.
 
Another argument made is that a wood-frame building will burn quicker than a concrete building.  In last night's case keep in mind neither the fire sprinkler system nor the siding been completed.  Both of these componants are designed to stop or slow a fire, allowing residents to get out and minimize damage to the building and surrounding structures. 
 
As for any argument against the structural strength of six-storey wood frame versus concrete, if you've got a few minutes check out the six-storey wood-frame Japanese Quake test to see why that argument holds no merit.  In this experiment they built a complete six-storey wood-frame condo building on a tri-axial shake table inside a purpose-built facility and subjected it to once in two-thousand year earthquake forces.  The results speak for themselves.
 
To help you learn more about why wood-frame buildings are now allowed to be built as high as five to six storeys, check out six-storey wood-frame facts at the Wood Works! BC.
  
B.C. continues to attract new residents and we need to address future housing needs.  Six-storey wood frame condos create a more affordable alternative to concrete towers in municipal downtown neighborhoods.  In fact, did you know that mid-rise wood-frame condo buildings was the norm in the early 1900's and that you can still find examples of these buildings in Vancouver, occupied and in use! 
 
Take a few minutes to check out the above links to learn more and form your own opinion.
 
 
 
Bob Sethi, BComm
RE/MAX Westcoast
bob@bobsethi.com
www.bobsethi.com
604-273-2828
 
 Follow me on Twitter - www.twitter.com/bobsethi
 
 
 
 
 
 
 
 
 
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Posted in Whalley, North Surrey Real Estate
Property Photo: 220 13733 107A AVE in Surrey
I have listed a new property at 220 13733 107A AVE in Surrey.
The Future Lives here! Rapidly developing Surrey City Centre is home to your new home at Quattro. South-facing, sunny 1 bedroom unit with balcony overlooking courtyard. Granite counters, tile floors, 9' ceiling, gym access, parking, storage plus more. Ready to move in today!
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Posted in bc hydro, buyers, cmhc, energy, first time homebuyer, fortis bc, grants, gst, home owner grant, hst, investment, owners, property, PTT, Real Estate, rebates, rental, solar, tax deferment, taxes, terasen, vancouver, water meter

Top 25 grants and rebates for property buyers and owners

1. Home Buyers’ Plan

Qualifying home buyers can withdraw up to $25,000 (couples can withdraw up to $50,000) from their RRSPs for a down payment. Home buyers who have repaid their RRSP may be eligible to use the program a second time. Canada Revenue Agency www.cra.gc.ca. Enter ‘Home Buyers’ Plan’ in the search box | 1.800.959.8287

2. GST Rebate on New Homes

New home buyers can apply for a rebate of the federal portion of the HST (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 www.cra.gc.ca. Enter ‘RC4028’ in the search box | 1.800.959.8287

3. BC New Housing Rebate (HST)

Buyers of new or substantially renovated homes priced up to $525,000 are eligible for a rebate of 71.43% of the provincial portion (7%) of the 12% HST paid to a maximum rebate of $26,250. Homes priced at $525,000+ are eligible for a flat rebate of $26,250. www.hstinbc.ca/making_your_choice/faqs/new_housing_rebate | 1.800.959.8287

4. BC New Rental Housing Rebate (HST)

Landlords buying new or substantially renovated homes are eligible for a rebate of 71.43% of the provincial portion of the HST, up to $26,250 per unit. http://www.hstinbc.ca/making_your_choice/faqs/new_housing_rebate | 1.800.959.8287

5. BC Property Transfer Tax (PTT) First Time Home Buyers’ Program

Qualifying first-time 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 $425,000. There is a proportional exemption for homes priced up to $450,000. BC Ministry of Small Business and Revenue www.rev.gov.bc.ca/rpt | 250.387.0604

6. First-Time Home Buyers’ Tax Credit (HBTC)

This federal non-refundable income tax credit is for qualifying buyers of detached, attached, apartment condominiums, mobile homes or shares in a cooperative housing corporation. The calculation: multiply the lowest personal income tax rate for the year (15% in 2010) x $5,000. For the 2010 tax year, the maximum credit is $750. Canada Revenue Agency www.cra.gc.ca/hbtc | 1.800.959.8281

7. BC Home Owner Grant

Reduces school property taxes by up to $570 on properties with an assessed value up to $1,150,000. For 2011, the basic grant is reduced by $5 for each $1,000 of value over $1,150,000, and eliminated on homes assessed at $1,264,000. An additional grant reduces property tax by a further $275 for a total of $845 for seniors, veterans and the disabled. This is reduced by $5 for each $1,000 of assessed value over $1,150,000 and eliminated on homes assessed at $1,319,000+. BC Ministry of Small Business and Revenue www.rev.gov.bc.ca/hog or contact your municipal tax office.

8. BC Property Tax Deferment Programs

Property Tax Deferment Program for Seniors. Qualifying home owners aged 55+ may be eligible to defer property taxes.

Financial Hardship Property Tax Deferment Program. Qualifying low-income home owners may be eligible to defer property taxes.

Property Tax Deferment Program for 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 Small Business and Revenuewww.sbr.gov.bc.ca and enter ‘Property tax deferment’ in the search box or contact your municipal tax office.

9. Canada Mortgage and Housing (CMHC) Residential Rehabilitation Assistance Program (RRAP) Grants

This federal program provides financial aid to qualifying low-income home owners to repair substandard housing. Eligible repairs include heating, structural, electrical, plumbing and fire safety. Grants are available for seniors, persons with disabilities, owners of rental properties and owners creating secondary and garden suites. www.cmhc-schl.gc.ca/en/co/prfinas/prfinas_001.cfm | 1.800.668.2642 | 604.873.7408

10. CMHC Mortgage Loan Insurance Premium Refund

Provides home buyers with CMHC mortgage insurance, a 10% premium refund and possible extended amortization without surcharge when buyers purchase an energy efficient mortgage or make energy saving renovations. www.cmhc.ca/en/co/moloin/moloin_008.cfm#reno | 604.731.5733

11. Energy Saving Mortgages

Financial institutions offer a range of mortgages to home buyers and owners who make their homes more energy efficient. For example, home owners who have a home energy audit within 90 days of receiving an RBC Energy Saver™ Mortgage, may qualify for a rebate of $300 to their RBC account. www.rbcroyalbank.com/products/mortgages/energy-saver-mortgage.html | 1.800.769.2511

12. Low Interest Renovation Loans

Financial institutions offer ‘green’ loans for home owners making energy efficient upgrades. Vancity’s Bright Ideas personal loan offers home owners up to $20,000 at prime + 1% for up to 10 years for ‘green’ renovations. RBC’s Energy Saver loan offers 1% off the interest rate for a fixed rate installment loan over $5,000 or a $100 renovation on a home energy audit on a fixed rate installment loan over $5,000. For information visit your financial institution. www.vancity.com/Loans/BrightIdeas and www.rbcroyalbank.com and in the search box enter ‘energy saver loan’.

13. LiveSmart BC: Efficiency Incentive Program

Home owners improving the energy efficiency of their homes may qualify for cash incentives through this provincial program provided in partnership with Terasen Gas, BC Hydro, and FortisBC. Rebates are for energy efficient products which replace gas and oil furnaces, pumps, water heaters, wood stoves, insulation, windows, doors, skylights and more. The LiveSmart BC program also covers $150 of the cost of a home energy assessment, directly to the service provider.www.livesmartbc.ca/rebates | 1.866.430.8765

14. BC Residential Energy Credit

Home owners and residential landlords buying heating fuel receive a BC government point-of-sale rebate on utility bills equal to the provincial component of the HST. www.sbr.gov.bc.ca/documents_library/notices/HST_Notice_010.pdf or go to Google and in the search box type in ‘Residential Energy Credit rebate program.’ It is the first item. | 1.877.388.4440

15. BC Hydro Appliance Rebates

Mail-in rebates of $25 - $50 for purchasers of ENERGY STAR clothes washers, refrigerators, dishwashers, or freezers until March 31, 2011, or when funding for the program is exhausted. www.bchydro.com/rebates_savings/appliance_rebates.html | 1.800.224.9376

16. BC Hydro Fridge Buy-Back Program

This ongoing program rebates BC Hydro customers $30 to turn in spare fridges in working condition. www.bchydro.com/rebates_savings/fridge_buy_back.html | 604.881.4357

17. BC Hydro Windows Rebate Program

Pay no HST when you buy ENERGY STAR high-performance windows and doors. This offer is available until March 31, 2011. www.bchydro.com/rebates_savings/windows_offers/current_offers.html | 604.759.2759 for a free in-home estimate.

18. BC Hydro Mail-in Rebates/Savings Coupons

To save energy, BC Hydro offers rebates including 10 % off an ENERGY STAR cordless phone. Check for new offers and for deadlines.www.bchydro.com/rebates_savings/coupons.html | 1.800.224.9376

19. Fortis BC (formerly Terasen Gas) Rebate Program

A range of rebates for home owners include a $50 rebate for upgrading a water heater, $150 rebate on an Ener-Choice fireplace (both good until March 31, 2011) and a $1,000 rebate for switching to natural gas (from oil or propane) and installing an ENERGY STAR heating system (good until February 29, 2012). http://www.fortisbc.com/NaturalGas/Homes/Offers/Pages/Residential-Water-Heater-Program.aspx | 1.888.224.2710

20. Fortis BC (formerly Terasen Gas) Efficient Boiler Program

For commercial buildings, provides a cash rebate of up to 75% of the purchase price of an energy efficient boiler, for new construction or retrofits. http://www.fortisbc.com/NaturalGas/Business/Offers/Pages/default.aspx | 1.888.477.0777

21. City of Vancouver Solar Homes Pilot

This rebate of $3,000 (about 50% of the cost) is for a Vancouver home owner upgrading to a solar hot water system from a gas system. Offered by the City of Vancouver, SolarBC, Terasen Gas and Offsetters on a first come, first served basis until March 2011 or until the City reaches its target of 30 solar homes. www.vancouver.ca/sustainability/SolarHomes.htm | 604.873.7748

22. City of Vancouver Rain Barrel Subsidy Program

The City of Vancouver provides a subsidy of 50% of the cost of a rain barrel for Vancouver residents. With the subsidy, the rain barrel costs $75. Buy your rain barrel at the Transfer Station at 377 W. North Kent Ave., Vancouver, BC. Limit of two per resident. Bring proof of residency. www.vancouver.ca and in the search box enter ‘rain barrel program.’ 604.736.2250. Other municipalities have similar offers.

23. Vancity Green Building Grant

In partnership with the Real Estate Foundation of BC, Vancity provides grants up to $50,000 each to qualifying charities, not-for-profit organizations and co-operatives for projects which focus on building renovations/retrofits, regulatory changes that advance green building development, and education to increase the use of practical green building strategies.

www.vancity.com/MyCommunity/NotForProfit/Grants/ActingOnClimateChange GreenBuildingGrant | 604.877.7000

24. Local Government Water Conservation Incentives

Your municipality may provide grants and incentives to residents to help save water. For example, the City of Coquitlam offers residents a $100 rebate and the City of North Vancouver, District of North Vancouver, and District of West Vancouver offer a $50 rebate when residents install a low-flush toilet. Visit your municipality’s website and enter ‘toilet rebate’ to see if there is a program.

25. Local Government Water Meter Programs

Your municipality may provide a program for voluntary water metering, so that you pay only for the amount of water that you use. Delta, Richmond and Surrey have programs and other municipalities may soon follow. Visit your municipality’s website and enter ‘water meter’ to find out if there is a program.

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Bob Sethi, B.Comm
Office:604.273.2828
Fax:604.273.0685
RE/MAX Westcoast
#110-6086 Russ Baker Way
Richmond, BC
V7B 1B4 Canada

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