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Panorama West Village MLS® Listings
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Building Info
Panorama West Village - 6383 140th Street, Surrey, BC V3X 1C9, 3 levels, 91 townhouses - located at the corner of 64th Avenue and 140th Street in Surrey right off of King George Highway, built 2011.
Situated near shopping, major transportation, recreation and schools, Panorama West Village is a stylish combination of sophisticated urban amenities and country style living. These 91 town homes are open concept and have been planned to maximize functionality, with large windows to flood the condos with natural light. The flooring is the choice of stylish durable hardwood laminate and quality carpets. All condos have large outdoor private yards for entertaining, extra wide baseboards, crown mouldings, and energy efficient fireplaces indoors. The kitchens have granite countertops, with Maple wood shaker style cabinets, ceramic tile backsplashes and track lighting. A stainless steel appliance package and in-sink food disposal are also included. The bathrooms also have quality tiled flooring in addition to maple wood shaker style cabinetry and quality faucets and fixtures throughout.
Panorama West Village offers a amenity building with all the latest equipment and intimate courtyard with paved pathway. Also, the building is secured by the National Home Warranty and includes construction features: protective rain screen building technology, duroid roof with 30 year warranty, fully insulated between units, low maintenance vinyl siding with wood trims, cultured stones throughout the community and visitor parking for the all residents. Panorama West Village is close to Safeway, Wal-Mart, parks, restaurants, the new Leisure Centre, public transit, and major highways. Half block away is Panorama Ridge Secondary School and six blocks away is Newton Town Center.
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.
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.
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.
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