In today's video, we cover a few benefits of purchasing presale properties in Vancouver, BC.
Bonus point: You may be exempt from the Property Transfer Tax depending on the purchase price and whether you meet the PTT exemption requirements. Here's a link to the Gov't of BC websites that cover the PTT exemption for newly built homes: https://www2.gov.bc.ca/gov/content/ta...
Clarification regarding the “appreciation in a rising market”: markets go up and down cyclically, therefore, prospective purchasers and viewers of this video must know that there’s no guarantee of profit when buying presale units as no one knows where the market would be closer to the closing date of your presale purchase.
Watch our previous real estate videos:
- Mortgage Brokers vs Banks? with Reza Sabour | Vancouver Real Estate: https://youtu.be/eMxh36akeS8
- A hidden closing cost in BC? Property Transfer Tax | Hazem Sultan: https://youtu.be/rVF10_Ru19k
- EXPLAINED: Real Estate Taxes for Newcomers to Vancouver, BC with Jimmy Le-Tang CPA: https://youtu.be/2SFqQ45rlcI
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