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Are there too many condos in Toronto? Real estate wiz Brian Persaud takes on this contentious issue


The following is a guest post by Brian Persaud, a Toronto based real estate agent, investor, analyst, TV show host, producer and author of the forthcoming book "Investing in Condominiums". He is a provider of Toronto condominium information and a good friend to the folks of BuzzBuzzHome. Read more

A day at the Beach in November? You better believe it! Beach Club Lofts holding exclusive preview event this weekend [PICS]


Those temperatures won't be going back up any time soon, so a day at the beach might seem like a "strange" concept at the moment.But it's not too hard to imagine spending a day at the Beach Club Lofts, the boutique residence by Zen Homes that's only Read more

We're feeling like nobility just looking at these new renderings from The Royal Collection


When you're searching for homes in a place like King City, we're guessing you might be looking for something with a hint of royalty. Well, this project by Zancor Homes registers pretty high on the royalty scale, so high in fact, that they simply named it The Royal Read more

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» HST – BC

Bonus bonanza! New BC home buyers bonus announced for up to $10,000

Posted on February 22, 2012 | buzzhomeblog Posted in MARKET | Leave a comment

It seems like just the other day we announced a new perk for new home buyers in BC (it was!), and today we’re bringing you more great news, in the form of a New Home buyers bonus worth up to $10,000.

Here’s the rundown:

The B.C. government has announced plans 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, calculated at 5% of purchase price, worth up to $10,000.

So who qualifies as a first time new home buyer? Well you do if you fit these guidelines… Read more

Home builders rejoice! HST rebate cap increased for new homes

Posted on February 20, 2012 | buzzhomeblog Posted in MARKET | Leave a comment

In a move that’s sure to spur the home building industry in BC, Finance Minister Kevin Falcon announced on Friday that the BC new housing rebate threshold will be increased to $850,000.

Right now, only homes up to $525,000 qualify for the rebate program, but the increase will make 90% of newly-built homes eligible.

The move is intended to ensure fairness and equity as BC transitions back to PST, so whether a newly constructed house is built fully or partially under HST people will pay an equal amount of tax.

Read more