Welcome to Jericho Park by Essence (MASTERPLAN)

https://essenceliving.com/

https://www.jerichobyessence.com/

Here is a digital brochure that gives an overview about this presale project and developer. 

Here is an information sheet that covers various details such as deposit structure, price ranges, strata fees and more.

Here is an overview of what homes and the amenties will include.

Let us know which floor plan caught your eye and we can get you specifc pricing.

This is a document with all the floorplates of the building, which outlines which floorplans are on each floor as well as the location of them.

Here is a link that will take you to a few images that will visualize what this building will look like when completed. 

Your peace-of-mind when purchasing a new home.

• 2 years on labour and materials (some limits apply).
• 5 years on the building envelope, including water penetration.
• 10 years on the structure of the home.

All prices of Presale, precons, and under construction of brand new homes do not include GST (5%)

Here is the link to Canadian government with full details.

When it comes to Taxes and GST, It is always advisable to speak with the relatively accounting or legal adviser who is skilled in Canadian and Provincial Tax requirement.

General property transfer tax

The general property transfer tax applies for all taxable transactions. The general property transfer tax rate is:

1% of the fair market value up to and including $200,000

2% of the fair market value greater than $200,000 and up to and including $2,000,000

3% of the fair market value greater than $2,000,000

Further 2% on residential property over $3,000,000

If the property has residential property worth over $3,000,000, a further 2% tax will be applied to the residential property value greater than $3,000,000. 

If the property is mixed class (such as residential and commercial), you pay the further 2% tax on only the residential portion of the property.

If the property includes land classed as farm only because it is used for an owner’s or farmer’s dwelling, up to 0.5 hectares will be treated as residential property.

Additional property transfer tax

If you’re a foreign national, foreign corporation or taxable trustee, you must also pay the additional property transfer tax on the fair market value of the residential portion of the property if the property is within a specified area of B.C.

See additional property transfer tax for more information on how the tax applies, the tax rate and what are the specified areas of B.C.

Here is the link to the Exemption:

https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/exemptions/newly-built-home-exemption

Disclosure of Representation in Trading Services & privacy Form are required and mandatory to be send to you when we communicate. This is not a contract and it is for your acknowledgment only. Go ahead and give it your A OK!