Listing: 212 Strathcona, Ladysmith

Here is a new listing at 212 Strathcona in Ladysmith.

  • $328,880
  • 3 bedrooms
  • 3 bathrooms
  • No HST!

Lorne’s Take on Things

Better than new 3 bedroom and 3 bathroom Ladysmith, BC, home with no HST. The Seller has impeccably taken care of this home.

There are many upgrades including Stainless Steel appliances, custom blinds, exceptional landscaping, a private back yard deck area and more.

[cetsEmbedGmap src=,+Ladysmith,+BC,+Canada&hl=en&ll=49.001323,-123.83008&spn=0.012388,0.019763&sll=37.0625,-95.677068&sspn=60.246331,80.947266&oq=212+strathcona,+ladysmith&hnear=Strathcona+Rd,+Ladysmith,+Cowichan+Valley+Regional+District,+British+Columbia,+Canada&t=m&z=16 width=600 height=400 marginwidth=0 marginheight=0 frameborder=0 scrolling=no]

Get in touch if you have questions.

You can also view other Ladysmith real estate listings.

Secondary Home or Recreational Property Bonus!

Grant for Purchasers of New Residential Housing Used as a Secondary or Recreational Residence

The Province will provide a grant to purchasers of new residential housing purchased for use as a secondary or recreational residence where the provincial component of the HST becomes payable and is paid on such homes on or after April 1, 2012 and before April 1, 2013. The grant will be available with respect to newly constructed or substantially renovated homes where the home is located in a qualifying area of the province (outside the Capital Regional District and the Greater Vancouver Regional District) and is purchased or constructed for use as a secondary or recreational residence.

The grant will be equivalent to the B.C. new housing rebates provided with respect to purchases of new residential housing used as a primary residence. As a result, purchasers of new residential housing used as a secondary or recreational residence in qualifying areas with a purchase price of up to $850,000 will be entitled to receive a grant equal to 71.43 per cent of the provincial component of the HST paid up to a maximum of $42,500.

Purchasers of new residential housing used as a secondary or recreational residence in qualifying areas with a purchase price of $850,000 and above will be entitled to the maximum grant of $42,500.

Download the full report (PDF)

Lorne’s Take on Things

What does Lorne think?

Get in touch if you need help taking advantage of this grant.


Real Estate Stats – Cowichan Valley & Nanaimo (Feb 2012)

The Vancouver Island Real Estate Board February 2012 stats are now published for the Cowichan Valley District, which includes Ladysmith, Saltair and Chemainus. Also available are the stats for the Nanaimo region, which includes Cedar.

In these 2 reports, you can see:

  • Cumulative Residential Average Single Family Sale Price
  • Single Family Units Reported Sold
  • Comparative Activity by Property Type
  • MLS® Single Family Sales Analysis
  • Cowichan Valley – Single Family Sales by Subarea
  • Nanaimo – Single Family Sales by Subarea
  • Gabriola Island

Download the 2 reports:

Lorne’s Take on Things

Let’s put some text here about Lorne’s assessment of these 2 reports. What do they mean?

Please let Lorne know you have questions.

The B.C. First-Time Home Buyers $10,000 Bonus

Subject to approval by the legislature, the B.C. government intends to implement a temporary BC First-Time New Home Buyers’ Bonus. Effective February 21, 2012, to March 31, 2013, the bonus is a one-time refundable personal income tax credit worth up to $10,000.

Requirements to Qualify for the Bonus

You will qualify as a first-time new home buyer if:

  • You purchase or build an eligible new home located in B.C.;
  • You, or for couples, you and your spouse or common law partner, have never previously owned a primary residence;
  • You file a 2011 B.C. resident personal income tax return, or if you move to B.C. after December 31, 2011, you file a 2012 B.C. resident personal income tax return (you will not be eligible for the bonus if you move to B.C. after December 31, 2012);
  • You are eligible for the B.C. HST New Housing Rebate; and
  • You intend to live in the home as your primary residence

Amount of the Bonus

The bonus is equal to 5% of the purchase price of the home (or in the case of owner-built homes, 5% of the land and construction costs subject to HST) to a maximum of $10,000.

Download the full report (PDF)

Get in touch if you would like Lorne’s help to take advantage of this bonus!

What a Steady 2012 Real Estate Market Means for You

The Canada Mortgage and Housing Corporation has recently indicated that the market will remain steady in 2012., according to Canada Mortgage and Housing Corporation’s (CMHC) first quarter 2012 Housing Market Outlook, Canada Edition.

“With the Canadian economy set to expand at a moderate pace and mortgage rates expected to remain low, activity levels in 2012 in both new home construction and sales of existing homes will stay close to levels seen in 2011,” said Mathieu Laberge, Deputy Chief Economist for CMHC.

The average MLS® price is forecast to be between $330,000 and $410,000 in 2012 and between $335,000 and $430,000 in 2013. CMHC’s point forecast for the average MLS® price is $368,900 for 2012 and $379,000 for 2013. The moderate increases in the average MLS® price are consistent with the balanced market conditions that occurred in 2011, and that are expected to continue in 2012 and 2013.

What Does This Mean for You?

Continue reading

Vancouver Island Real Estate Buyer and Seller Specialists