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BC Government announces HST Rebate increase
Sunday, 19 February 2012 09:25

 CHBA BC

For immediate release  

 

Threshold being raised to $850,000 effective April 1, 2012

 

Government announces the transition rules for the HST early

 

BURNABY, BC (February 17, 2012) - The Honourable Kevin Falcon, Minister of Finance held a press conference today in Victoria to announce transition rules for the harmonized sales tax and the affect it will have on the home building industry. Effective April 1, 2012 the threshold for new housing rebates will be increased from $525,000 to $850,000, including secondary homes.

 

"We are elated the Provincial Ministry of Finance and the Federal Finance Department asked for our input and that our provincial government listened to the lobbying efforts of CHBA BC," said CEO, M.J. Whitemarsh. "We had the confidence the Government would take our concerns to heart and implement the best solution for our industry, the news today was worth the wait and is even better than we could have anticipated."  

 

Since the referendum results to rescind the tax, the Canadian Home Builders' Association of BC (CHBA BC) has worked diligently providing information from members to the government requesting the implementation of the transition rules be done as simply and quickly as possible to prevent any further stalling of the residential housing industry.  

 

"The out-of-box forward thinking from the Government has created a stable situation for all CHBA BC members who build secondary homes," Whitemarsh said. "Houses purchased as of April 1st will ultimately be receiving a $42,500 discount, now that the threshold has been raised."

 

Releasing the transition rules on housing early was a wise and bold move on government's part, one that is mutually beneficial. CHBA BC lobbied for a tax rebate to be created for consumers on new home purchases and renovations, so the industry could move forward and gain momentum once again.

 

"Raising the threshold is a brilliant decision that is fair and equitable, a huge benefit to all consumers that will spur the market," said Doug Wittal, President of CHBA BC. "Including the second home market outside the GVRD and CRD will create a huge boom, creating jobs and pushing the industry forward in very innovative ways."  

 

The 2012 budget will be announced Tuesday, February 21, 2012.

 

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About CHBA BC

The Canadian Home Builders' Association of British Columbia is the voice of the residential construction industry in BC fostering a housing environment in which the industry operates effectively and professionally

 

Further information

 Lauren Carter 

Director of Operations, Marketing & Communications

Canadian Home Builders' Association of BC

604.603.8442

 

 
Luxury Slopeside Accomodation at Bighorn
Monday, 13 February 2012 16:27

The winter of 2011-2012 is seeing another monumental first for Revelstoke Mountain Resort; the first year for ski in/out luxury rental accomodation under management by Ursus Building Corp and Cartier Mountain Chalets Ltd. Bighorn Revelstoke has kicked off this season with 5 weeks of service to those who appreciate the finest in life. While staying at Bighorn, you will enjoy its 8 bedroom suites, gym, lap pool, outdoor spa, theatre and Heli-pad! That's right; those who stay in this traditional timberframe home, not only enjoy it's 5 star service with Exec Chef and House Staff but you have access to the heli-pad and the vast acreage of snow covered alpine that the local Heli-ski operators have in their tenure. Visit www.bighornrevelstoke.com for information on how you can upgrade your Revelstoke heli-ski experience with a stay at Bighorn.

 
Housing industry recognizes Ursus Custom Homes of Revelstoke
Wednesday, 08 September 2010 09:53

Ursus Custom Homes of Revelstoke is selected among the best in residential construction.

Ursus Custom Homes of Revelstoke, BC is a recipient of the Canadian Home Builders Association Central Interior (CHBACI) Keystone Award for 2010. Ursus was delivered the Silver level honour for its product 'The Columbian' at Revelstoke Mountain Resort and is a Gold medal finalist for the CHBA's annual celebration of home builders, designers and industry members.

Among 22 categories for awards, Ursus Custom Homes is a finalist for the gold medal selection in the Best Single Detached Home valued at $750,000 to $4,000,000.

"Each finalist has had to meet or exceed a high standard of excellence in order to be deemed worthy of an award," said Patsy Bourassa, CHBA Central Interior Executive Officer. "Finalists receive a SILVER level certificate which is an honour in itself. Each Silver finalist is now in the running for the GOLD award."

The winners of the residential construction industries annual event will be announced at a gala on September 25th, 2010 at Thompson Rivers University in Kamloops.

Ursus Custom Homes is a provider of construction services, design and project management and delivers high end residential homes and components. They are a Preferred Builder to the exclusive Revelstoke Mountain Resort in Revelstoke, BC.

 
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