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Green House by Concord Pacific MLS® Listings
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Building Info
Green House by Concord Pacific - 5895 Barker Ave, Burnaby, BC V5H 2P2, Canada. Situated at crossroad Baker Avenue and Olive Avenue in the neighbourhood of Metrotown, Burnaby South. Comprise of 299 beautiful condo units in a 43 stories tower building. The latest masterpiece by Canada's largest community-builder, Concord Pacific. Conceptualized as a modern-day facsimile of the French orangeries of old, this one-of-a-kind project was created in harmony with nature down to the last detail.
Enjoy the world of enchanting ambiance at Greenhouse and immerse yourself in the captivating beauty of Central Park, just a stone's throw away. With 220 acres of lush greenery as your backyard, tranquility is at your doorstep. For a change of pace, the vibrant heart of Burnaby's city centre awaits, offering province's largest shopping mall, the Bob Prittie Library, and easy access to the Patterson Skytrain station. Embrace the perfect blend of natural serenity and urban excitement at Greenhouse.
Offers a splendid blend of modern amenities with a touch of European regal elegance. Unwind in the serene Crystalline Pool, relax at the Fountain Pavilion as you listen to the gentle flow of water, set amid lush foliage and captivating floral aromas, host a tea party in the elegant dining hall with family and friends. Whether seeking leisure or relaxation, Greenhouse is the perfect destination to fulfill your desires.
Official Website: www.concordgreenhouse.com Phone: 604-435-1383 Sales Address: 4750 Kingsway, Burnaby, BC, Canada
Strata Sub Categories: Strata Condos
Vancouver council open to increasing slots, table games at existing casinos
Vancouver city council voted this week to allow for applications to increase the number of slot machines and tables at the city’s two casinos, on the condition they be accompanied by an assessment of their social and economic impacts.
The request to amend the city’s 2011 gambling moratorium was made by the B.C. Lottery Corp., which told council the city’s population has increased 22 per cent in the past decade and that the amendment is a first step to allow BCLC to look at ways of expanding its two existing facilities — the Parq casino in Yaletown and Hastings Racecourse in East Vancouver — rather than building more casinos.
The city has contributed more than $172 million to non-market housing in the form of land
The City of Burnaby has a total of 1,040 non-market housing units, including rentals and co-ops, just built or in development on its land, according to a new city report, and there’s more on the way.
The city lands program for non-market housing, which was adopted in 2015, leases city-owned lands at a nominal rate to non-profit housing providers through a public request for proposals (RFP) process.
The city has contributed about $172.44 million as part of the program, including land, grants and on-and-off-site works, according to the report which accounts for 11 projects that recently completed or were in progress as of March 2024.
The assessed value of the land makes up more than $120 million of that $172-million total contribution for the 11 projects.
Household Financial Health and Housing Market Trends
According to the March 2024 Edge Report, current trends in debt service ratios and net worth may indicate areas of concern. The prevalence of static payment variable rate mortgages, household debt-to-GDP ratios, and Canada’s heavy reliance on real estate assets, may raise concerns about resilience.
In Q4 of 2023, debt servicing costs stayed stable, with the household debt service ratio holding steady at 15%. This ratio, which reflects the portion of disposable income allocated to debt repayment, remains significantly high, at levels not seen since 1990. A minor adjustment downwards from the previously reported peak of 15.2% in Q3 should be noted, however.
The federal government’s new Housing Plan, announced on April 12, 2024 and supported by Budget 2024, introduced a provision aimed at helping renters build credit by integrating rent payments into credit histories. It proposes amendments to the Mortgage Charter, encouraging collaboration among fintech companies, credit bureaus, and lenders to include rental payment data in credit scores.
The government calls on these agencies to create an ecosystem where renters can choose to include their rental payment history in their credit scores. It also expects lenders to prioritize comprehensive credit information, including rental payment history, in credit evaluations whenever feasible.
Federal Budget 2024: What are the proposed capital gains tax changes and how might they affect me?
The capital gains tax inclusion rate – today and tomorrow
Today, only 50% of the capital gain is taxable (this is known as the capital gains tax inclusion rate). This means that $50,000 of the $100,000 earned from the sale of the cottage in our example is added as income for that tax year.
Here’s an example:
Your regular income, earned from your full-time job, is $75,000
You make a $100,000 profit from the sale of your cottage (after you pay real estate fees, closing costs, etc.)
50% of the profit is taxable, which means you add $50,000 to your income during the tax year in which you realized this capital gain
$75,000 + $50,000 = a total income for that tax year of $125,000
The amount of tax you ultimately pay in that year will depend on your tax bracket and its marginal tax rate.
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