Homeowners in B.C.’s largest urban centres will need to apply for exemptions from the province’s new speculation tax or receive a bill, whether they are speculators or not, the government announced Tuesday.
The Ministry of Finance said letters outlining the first speculation tax fees and exemption processes will begin arriving at all homes in Kelowna starting this week.
It will be up to all homeowners to apply for exemptions, with a deadline of March 31. Those who don’t apply, or qualify, will be sent tax bills due to be paid by July 2. The opt-out process will become an annual event for property owners under the new speculation tax rules. People who pay mistakenly can get a rebate within six years, according to the ministry.
Home gyms are no longer just the ultimate accessory for the fitness enthusiast. It has become increasingly popular for Gibson Contracting clients to request a designated home gym space. Whether you want a home gym to continue your current fitness journey or finally commit to your New Year’s Resolution, there are many advantages to having a home gym.
A home gym may seem like a large expense to begin with, but compared to the local gym membership fees that range from $1,000 to $5,000 annually. With a quality home gym budget of $5000, it will pay for itself in no time. Plus some gym equipment comes with a lifetime warranty, so you don't need to worry about replacing that spin bike every year.
From the moment you decide to build your custom home, you will start making selections and will probably continue to do so until the completion of your home. This can become overwhelming and may even have you second guessing yourself and the process. To help eliminate some of your anxiety or worry, at Gibson Contracting our dedicated Project Managers and Designers at Mudita Designs are here to walk you through the steps and help you with the selections.
Even if you haven’t selected a builder yet, make sure to keep notes on what styles, materials, colors and look and feel you are going for. By having some starting point, you can begin making your selections. Early on selections include: roof colour, exterior doors, and garage doors. Then you focus on finer details that start to create your home; this includes things like plumbing fixture, cabinets, appliances, lighting, mirrors, shower doors, and similar items for your home’s interior.
During the selection of the finer details, this is where clients find the selection daunting. The Designers at Mudita are here to make it easier for you. Working with your Gibson Contracting Project Manager, this duo will work to keep you on budget, provide styling tips, and help really simplify the process. With each selection, you will begin to see your home come to life.
Do you wish you could mimic the ambiance and luxurious atmosphere you would only find in a boutique hotel? These tips can get you one step further to creating the perfect, relaxing oasis in your own home.
A pivotal part for all rooms, colour is the primary factor that sets the tone and atmosphere. The right hue can even induce sleep. For hotel-inspired luxury living, the palette requires a certain sophistication. Fuschia pink walls just don’t quite cut it.
Opt for contemporary neutral paint for the large pieces in your room, for example headboards, wardrobes, and curtains. Especially when it comes to your wall colours. Our go to colours range from off whites, greige, mushroom, stone and taupe. These hues have a beautiful depth and a soothing quality.
It’s always worth injecting a bit of contrast or colour into your scheme. Dark wood, deep bronze or black accents work well with lighter, muted neutrals as they ground the design and offer ‘weight’. Add punch through bedside tables, fireplace surrounds or statement lighting. Smaller accents – candles, framing or hardware – also work incredibly effectively. It’s amazing what a matte black handle can do to lift a wardrobe door.
When deciding to build a new home, there are a lot of things to consider, including the pricing strategy you want to proceed with. Most home builders will offer clients the option between a fixed price and cost plus contract. Deciding which one is right for you can add to the stress of home building, so at Gibson Contracting our team works with every client to assist them with this decision so that it becomes one more flawless step in the construction of your new home.
Fixed Price Contract
For clients that have a set budget and can prioritize their home options, a fixed price contract is the best option. With that being said, all things aren't equal when choosing a contractor. At Gibson, we don't compromise the integrity of a home to present a lower bid than competitors. We present our fixed price contracts with the Gibson standard of using superior materials and installation methods.
The most significant advantage of a fixed price model is that it allows the homeowner to know in advance what the house will cost. You will be aware of the total cost before the project even begins and not have to worry about market price fluctuations.
The main disadvantage of the fixed price model is that it typically requires clients to prioritize their home desires and possibly make concessions to keep within their set budget.
Whether you’re ready for it or not, fall has arrived. As the leaves start turning orange and the days get shorter, its time to switch your white wine to red, and get your house prepared for the coming months.
Our Gibson team has put together some tips that will help make your home more comfortable during fall and winter.
1. Check windows and doors on the exterior for possible air or water leaks - make sure the weep holes are clear at the bottom on the outside.
2. Inspect caulking around windows for cracks or separation from the window or building.
3. Check the roof for loose shingles, tiles or shakes. Make sure vents are in good condition and are not blocked with debris.
In Fall 2018, the speculation tax will be applied on properties that are not the primary residence of the owner — they’re not living there for more than six months per year — and that aren’t being occupied by a tenant when the owner isn’t there.
Secondary properties will only be hit with the speculation tax if they’re located in any of the following areas: