new homes: Strata versus bare land strata - what is the difference? - 04/17/11 11:09 AM
Strata versus bare land strata - what is the difference?
A client of mine asked me "What is the difference between strata and bare land strata?"   That is a question that comes up a lot these days as we see more and more bare land strata developments.
 I visited the Talk Strata site and this is how they have explained the difference:
"Bare land strata is governed by The Bare Land Strata Regulations and refers to the subdivision of land into strata lots and common property. In a normal strata all of the lots share land and walls, as well … (2 comments)

new homes: 2-5-10 Home Warranty - 03/30/11 01:43 PM
2-5-10 Home Warranty
As a Nanaimo Realtor I often do open houses at strata, new construction projects.  One of the questions I often get is what is the 2-5-10 Home Warranty programme and what does it cover?
The 2-5-10 Home Warranty is run through the Homeowner Protection office.  As this is a question that I often get I thought it would be a good idea to share some information with you through a blog post.  I checked the HPO website and this is what they have regarding the 2-5-10 Home Warranty as it pertains to strata new construction.
Home warranty insurance … (1 comments)

new homes: New homes for sale in Nanaimo - 02/28/11 09:32 AM
New homes for sale in Nanaimo
There are many new homes for sale in Nanaimo including single family homes, townhouses and condos.  However, buying a new home is a bit different than purchasing a resale home.  For one thing HST is charged on new construction.  The HST can be a very confusing thing to calculate when buying a new home because of the HST rebates.

 
An experienced mortgage broker that I know -Jim Delorme with Dominion Lending Centres Vanisle - sent me this very helpful link on calculating HST on the purchase of a new home.  It will calculate how … (0 comments)