Monday, February 27, 2012

BLACKFISH WINS GOLD AT THE GEORGIE'S


We are proud to announce our win at the recent Georgie Award's which were held on Saturday, February 25, 2012 at the Vancouver Convention Centre. Our award category was for the best residential renovation with a price range between 500 and 800 thousand dollars. Up against four other finalists, we felt we had a great chance with our St. Andrews project but we sat nervously as photos of all the entries were shown on the two huge screens. A moment of pause and then the big announcement – we won! We are very proud to receive this award and of all of our accomplishments over the years including our great relationships with our clients, trades and vendors and all the wonderful homes we have built. To hear our company name being read out to the 600 plus guests and industry representatives was such a highlight for us and it really feels like a pat on the back for all the hard work we have put in over the years. Special thanks to our clients Scott and Elisa,  designer Alex Voth, and JRS Engineering. The Georgie Awards have just reached its 20th year of celebrating the success of builders, renovators and other industry members from all over BC. During the evening events, over 50 awards were handed out for a broad range of projects, marketing efforts, logos and other categories. This was our first Georgie nomination and we look forward to many more to come!  

Friday, February 17, 2012

HST Transition Rules

The HST transition rules and tax relief measures have been announced by Kevin Falcon, Minister of Finance in BC.

The two major points: 1) effective April 1, 2012, the HST rebate threshold on new homes increases to $850,000 from $525,000. The maximum rebate rises to $42,500 from $26,250; and 2) secondary and recreational homes outside of the Greater Vancouver and Capital Regional Districts, the HST rebate threshold rises to $850,000 from $0, also effective April 1, 2012.
 
Additional details: the PST will be implemented effective April 1, 2013. The transition rules from HST to PST for newly built homes where construction begins before April 1, 2013, but ownership and possession occur after, purchasers will not pay the 7% provincial portion of the HST. Instead, purchasers will pay a temporary, transitional provincial tax of 2% on the full house price.
 
Home renovation will fall under regular transition rules to take effect April 1, 2013.
 
For more information, go to www.pstinbc.ca and click on "New Housing Rules".