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Abode Condos MLS® Listings
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Building Info
Abode Condos - 3527 Old Okanagan Hwy, West Kelowna, BC V4T 1N7, Canada. Located at Old Okanagan Highway & Butt Road in the neighbourhood of West Kelowna. This is a new condominiums development by Central City Management & Developments. Comprise of 85 elegant units, 5 stories and the estimated completion is in 2022. Has a variety of 1 Bedroom & 2 Bedroom Suites, and is pleased to introduce Urban Studios. All of the floorplans feature live/work space, and private decks with breathtaking views. Everything is just right out your front door; Golf Courses, Wineries, Walking and Biking Trails, nearby Beaches, Shopping, Cafes and Restaurants.
Official Website: abodeconnected.ca/contact Phone: 778-754-6981 Email: sales@abodeconnected.ca Sales Address: 3645 Gosset Road at the intersection of Old Okanagan Highway
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.
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.
The “Save Brentwood Park” coalition successfully petitioned city council last week with 298 names to lobby the province to make an exception for their neighbourhood of single-family homes which sits within the 800-metre transit-oriented development area for Brentwood Town Centre SkyTrain station.
The provincial legislation will require cities to allow buildings with minimum heights of eight to 20 storeys within certain distances around “transit-oriented areas” (TOAs) like SkyTrain stations.
Underused Housing Tax not right for tourism economies
A Whistler realtor made the trek to Ottawa recently to formally request the Government of Canada consider an exemption for Whistler in the application of the federal Underused Housing Tax (UHT) on properties zoned for tourism accommodation.
Dave Brown, who was speaking on behalf of the Whistler Real Estate Co. and Tourism Whistler, said at the April 18 finance committee meeting in Ottawa the UHT is driving foreign investors away from Whistler—and the result is not more housing for locals, but less revenue for Whistler, the community, and Canada overall.
The UHT is designed to levy a tax on foreign property owners who do not make their property adequately available for housing. According to Brown, its application to parts of Whistler zoned for tourism accommodation means foreign owners who let their properties be used for tourism accommodation for most of the year may instead sell to Canadians for use as second homes, removing them from the tourist accommodation pool.
The two low-rise buildings, a high-rise tower planned for 2050-2070 Marine Drive in North Vancouver up for sale
One of the larger ongoing development projects on the North Shore is the subject of foreclosure proceedings as a result of a substantial amount of debt and has now been listed for sale, according to filings in the Supreme Court of British Columbia and a sales brochure.
The development was set for 2050-2070 Marine Drive and 2000 Curling Road in the District of North Vancouver, a few minutes east from the Capilano River and the border with the District of West Vancouver.
The site is formerly home to the Travelodge Hotel by Wyndham Vancouver Lions Gate and a Denny's diner. The Pho Japolo restaurant on the site remains open.
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