62 - Friday. Nover er 30. 1990 - North Shore News

GS7 to hit home buyers

ONE Ob the hottest issues
on the peads of Canadians
these days is the federal
government's intention to
introd tee a Goods and Ser-
vices Dax (GST) on Jan. tf,
1991

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‘ ROYAL LePAGE =

Westrepnnce JEAN

MACINTYRE
988-3057

116 WEST ESPLANADE
NORTH VANCOUVER

985.
85-8231 MASTER

SALES
AWARD ‘

Tax hidden in the cost ot . K

the new house. NE =

As stated,

be seven por cent. Recognis-
ing the special and essential
Natihe of housing, the vov-
ernment has introduced i
rebate program = for buyers
of newly-constructed homes
including condominiums
which will be used as a
principal residence, that is,
owner-occupied.

Provided their new home
costs $350,000 or tess, these
buyers will receive a GST partial GST rebate if they
tcebate pegged at 2.5 per pay between $350,000 0 and
cent of the purchase price to $450,000 for their property.
aomasimum of $8,750. tno tn these cases, the rebate
other words, dey will pay a will be reduced — propor-
GST of only 4.5 per cent tionate to the house price
which the government according to the following
calculates as being the formula:
amount of Federal Sales See Homes page 72

“AMALIA
(AMIE) Pe Boel lt °
| LIAPIS po ae patie roeen |
"hd 680-8373 pgs. 00 big: |
HOT LISTING! not too small. Not too much yard to fuss over,

but 3 large bedrooms and a quiet street. }
Phone me! - Before it’s gone! 1430 Harold. |

$196,000 $196,000 $196,000
FOR BETTER SERVICE

the GST will
replace the Federal Sales
Tax. The rebate program
will be administered by the
home builder and will be
available at the time of pur-
chase.

What about homes priced
above $350,G007 New home
purchasers will receive oa

Despite months of
croys-Canada debate, there
is massive misinformation
ffloat about the GST which
isa replacenient tax for the
current: Federal Sales ‘Pax
and will be applied on a
wide range of goods and
services af the | consumer
level.

Facts on New Housing

The basic rate of the
Goods and Services Tax will

2303 W 4ist Ave.
Vancouver

261-9311

HARBOUR & CITY
VIEWS!

2 Bdrm, 2 bathroom,
1200 sq.ft. 1000 sq.ft.
deck space. Cail! for
your showing today!

“Your Proven Real Estate (7... =x
Team” a

samme === Ml = Office 985-9544 sue GEDGE

THINKING OF SELLING OR BUYING? Res. 985-8903
WE CAN HELP YOU!

bteg 827
President's Gotd Award
st =

%, S
“, s he A
lige

ANNDEE DEVINE
Res. 985-6448

S

BEST BUY!

This townhome has been drastically reduced.

A STEAL OF A DEAL!

Act fast on this super starter situated on lot on a
quiet street close to Grand Boulevard. It is fully

finished on two fevels.
822 E. 17th ST. $188,500

OS . f . “ ae
apteree sn Sea 2 ts
RELAX & ENJOY!
Easy care living at its best in this superior 2
bedroom and den near new townhome located
close to shopping and transportation.

2653 FROMME $189,500

Don't delay on this excellent opportunity to own
your own home. 3 levels, 3 bedrooms and

immaculate.
978 LILLOOET $149,900

et ey

IT’S SPECTACULAR
Enjoy the panoramic views from this superior
quality constructed custom-built home in prime

Upper Lonsdale !ocation.
4045 ST. PAULS $495,000

Don't miss this family home in excellent Canyon
Heights location backing onto parkland. Paint, put-

ter and profit!

1030 PROSPECT $258,500

CURIOUS?

About the value of your home?

Considering a move?

Looking for a hardworking and
conscientious realtor?

Call us - you won’t be disappointed.

Anndee Devine & Sue Gedge