Hon Wong Real Estate Services

05/28/2025

Here are the fine prints for that GST rebate for first time home buyers.

The federal government has introduced a new
GST rebate designed to make homeownership more attainable for first-time buyers purchasing newly constructed homes.

Here's what's included:
• Full 5% GST rebate on new homes up to $1
million

• Partial rebate on homes priced between $1
million and $1.5 million

• Applies to owner-occupied homes only-not rentals or investment properties

• Available only for agreements of purchase and sale signed on or after May 27, 2025
But there are important limitations to be aware of:
→ You can only claim the rebate once in your lifetime.

• If your spouse or partner has claimed it, you're no longer eligible.
e If you're assuming a contract signed before May 27, 2025 (like an assignment sale), the rebate does not apply.
→ Cancelling and re-signing a pre-May 27 agreement won't qualify you either-even if you create a "new" deal.

05/28/2025

Moonlight Sonata Buyer's Info Session: Presale Contracts

Understanding the fine print is key when purchasing a presale home in Greater Vancouver.

From disclosure statements to contract terms, this seminar breaks down what every buyer should know before signing on the dotted line.

What we’ll cover:
•⁠ ⁠Key sections of a presale contract and what they actually mean
•⁠ ⁠How disclosure statements protect buyers—and where to read the fine print
•⁠ ⁠Common questions and concerns buyers face during the presale process

Whether you’re actively looking or just starting your journey, this focused session will help you make informed decisions with confidence.

📅 Date: Saturday, June 7th
⏰ Time: 1:00 PM – 3:00 PM
📍 Location: 5648 Imperial Street, Burnaby

Join us for a practical, info-packed session led by guest speaker Paul Kurniawan, followed by a live Q&A. Light refreshments will be served.

04/08/2025

03/02/2025