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All property sales at Timberline Lodges in Fernie will be eligible for a provincial grant of up to $42,500 from April 1, 2012 under a new transition policy announced by the Government of British Columbia today (Friday, Feb 17 2012)
The news means you will pay the same amount of tax buying a home in B.C. as you would in Alberta.
New secondary vacation or recreational homes outside the Greater Vancouver and Capital regional districts priced up to $850,000 will now be eligible to claim a provincial grant of up to $42,500 effective April 1, 2012.
This represents a rebate on the provincial portion of the HST, the B.C. value added tax, which is being replaced with a provincial sales tax in British Columbia leading up to April 1, 2013.
It means buyers will pay the same as if they had purchased the property in Alberta, before the HST was introduced July 1, 2010 or if they purchase property after April 1, 2013, under PST.
New homes of up to $850,000 will also be eligible for a rebate of up to $42,500.
Fernie Vacation Properties owner Mike Delich has welcomed the announcement and says he expects the change in tax to boost sales of vacation homes at Fernie Alpine Resort in 2012.
If you would like to find out more about how you can become a homeowner at Juniper Lodge in Fernie Alpine Resort, contact Deb Trand at Fernie Vacation Properties: Call toll free 1-866-423-6873 or 1-250-423-6873. E-mail: firstname.lastname@example.org
Or check out the Juniper Lodge open house this Monday Feb. 18 at suite #644, Juniper Lodge, Timberline Lodges, on the left when you travel up Ski Hill Road.