Real Estate Glossary for Your Clients

Real Estate Glossary for Your Clients

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Invest in Mexico!

Real Estate in Mexico; Riviera Nayarit

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A home to house your dreams in Bucerias, Mexico!: Seven Month Absence in a Calendar Year for Canadia...

A home to house your dreams in Bucerias, Mexico!: Seven Month Absence in a Calendar Year for Canadia...: Snow Birds from British Columbia, Canada will be able to stay out of the province for 7 month absence without loosing their Medical Plan co...

Seven Month Absence in a Calendar Year for Canadian Longer Term Vacationers!

Snow Birds from British Columbia, Canada will be able to stay out of the province for 7 month absence without loosing their Medical Plan coverage!

 Here is the full FAQ's sheet from the government of British Columbia!

FAQs – Seven Month Absence in a Calendar Year for Longer Term Vacationers
Amendments have been made to the maximum period of time a resident can stay out of the province and continue to maintain Medical Services Plan (MSP) coverage. This change allows B.C. residents who are outside Canada for vacation purposes for six months, to have an additional one month absence per calendar year for a total of up to seven months and still remain eligible for MSP coverage.
1. Why has government made this change?
Within B.C., a small portion of the population regularly leaves the country for the winter months. This often amounts to up to six months of absence from the province in a calendar year, which can have implications for maintaining eligibility for MSP coverage if those individuals choose to leave B.C. at any other time during the rest of the year. Typically, these individuals are retired, continue to maintain a residence in B.C. and pay health care premiums and income taxes here.
2. Who is eligible to take advantage of this additional one month absence in a calendar year?
Long term vacationers who are deemed residents are eligible. To be deemed a resident, you must meet the following conditions: You must not establish residency outside of B.C.; and, You must continue to meet the other requirements of residency, specifically that you are a Canadian citizen or permanent resident and continue to make your home in B.C.
3. Who can I contact to find out if I am eligible to take advantage of this additional one month absence in a calendar year?
You should contact Health Insurance BC to determine your eligibility for the absence.
4. I am currently outside of B.C. – can this absence be applied retroactively?
Yes. The change is effective January 1, 2013.
5. Do I have to take the seven month absence all at once in a calendar year?
No. Eligible vacationing residents may be absent for a total of up to seven months per calendar year. The seven months may be taken all at once or split between separate absences in a calendar year, provided your total absence does not exceed seven months in a calendar year.
6. Is there an age restriction to be eligible for this additional one month absence in a calendar year?
No. There is no age restriction. However, this additional one month absence from B.C. must be for vacation purposes only.
7. Am I still eligible for an extended absence of up to 24 consecutive months if I have taken advantage of the additional one month absence in a calendar year?
You may be eligible to take an extended absence of up to 24 consecutive months provided you continue to maintain your home in B.C. and you have been physically present in Canada for six of the twelve months immediately preceding departure. In addition, you must not have taken advantage of the additional one month absence during the year your extended absence begins or during the calendar year prior to your departure.
Approval is limited to once every five years for an absence of up 24 consecutive months.
8. Does this additional one month absence in a calendar year impact my eligibility for other health benefits?
No. Eligibility for health benefits is not impacted.
9. Can I take advantage of the additional one month absence in a calendar year to work as a missionary, as I will not be employed or receiving an income?
No. The additional one month absence applies to vacationers only.
10. Can I take advantage of the additional one month absence in a calendar year for work or study purposes?
No. The additional one month absence applies to vacationers only. 

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Home for sale in La Penita!

Home for sale in La Penita de Jaltemba, Nayarit

La Penita is located 44 km north of Bucerias (64 km from Puerto Vallarta) , on highway 200.  The town counts approximately 8000 people.  La Penita is the business center of the surrounding small towns nearby.  It offers many services such as a bank, a money exchange, a private hospital, restaurants and dental offices. La Penita provides for locals and tourists amazing shopping in town or at the popular Thursday market (Tjianguis).

It has become a preferred destination for snow birds as the cost of living is lower than Puerto Vallarta making the housing market a reality for Canadians and Americans.

La Penita Home For Sale!

Now reduced to $89 900, located 3 blocks from the main Avenida and 3 blocks from the beach and the under construction malecon!

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authored by Guylaine Gignac

 

How will the rental market in the US affect our real estate market in Mexico?

According to the realtormag online, renters may grow by 6 million in the next decade.

Will the incessant baby boomers be renting or investing in Mexico during the freezing winter months NOTB?
Puerto Vallarta and the Riviera Nayarit area has proven to be affordable for the budget minded retirees.  They find the area to have very good health care, safe and easily accessed by air.

So who will be buying a condo or a home in Mexico to secure their home in the sun and to take advantage of the rising rental market?

  authored by Guylaine Gignac

Condos for sale in Bucerias, Mexico!

Condos for sale in Bucerias

Condos for sale in Bucerias Bucerias, or (place of divers) is strategically located only 20 minutes from the airport at Puerto Vallarta. It is experiencing phenomenal growth as are most areas around Banderas Bay. Once a sleepy little fishing village, the town now boasts luxury condos, gourmet restaurants, resorts, big chain stores and quick access to Punta Mita, Sayulita and La Cruz Huanacaxtle which are all having building booms of their own. Some of the nicest beaches in the whole Banderas Beach area are located here as well as a great golf course.  

MAP OF BUCERIAS

Playas de Huanacaxtle neighborhood is located in the north part of town.  Many condos are beachfront  or steps from the beach; it is easy walking distance to town plaza,  palapa restaurants and the popular tjanguis.  

Vento is a small beachfront complex located in a quiet neigborhood on a cul de sac.  Vento counts 22 units, offers 24 hours security and secured parking.

VENTO BEACH FRONT 4 BEDROOMS

Villa del Sol penthouse has been entirely renovated. This condo boasts stunning views of the bay and is steps from the beach. Ready to move in and turnkey. Enjoy the sunsets on the roof top terrace or on your spacious deck. This complex has only 8 units. It offers low condo fees which includes water, gas, weekly maid service and ground keeper. The building has been recently painted!

VILLA DEL SOL PENTHOUSE

Punta Arena Complex, the Beverly Hills of Bucerias.  A rare gem, a luxurious 2 story penthouse,  beachfront in the Golden Zone or Zona Dorada.  This part of town abounds with art galleries, boutiques and award winning restaurants such as Mark's Bar and Grill.  This amazing unit offers top of the line appliances, furniture and components.  Suite 6B counts 3 481 sq.ft is turn key ready to generate important income or move right in.

PUNTA ARENA SUITE 6B

Luxurious penthouse in the Punta Arena complex in Bucerias. Suite 6C is a beautifully appointed home with high end furnishings and art. The main floor features 2 bedrooms, 2 bathrooms and a den as well as an epicurean's delight kitchen with granite counter-tops and top of the line appliances. The living room and dining room as well as main downstairs bedroom opens up out on to oceanfront patios with exceptional views. The upper level has a master bedroom with ensuite and an outdoor palapa covered lounging and barbecue area with Jacuzzi and views all the way to Vallarta. The project has an infinity pool, gym and the unit comes with a parking space and deeded storage area, Punta Arena is the best located high end project in Bucerias and has high demand for rentals.

PUNTA ARENA SUITE 6C

On a smaller scale in the same complex but just as luxurious, a 2 bedroom/ 2 bathroom corner unit. Rarely available 2 bedroom, 2 bath luxurious corner unit. This unit has an excellent rental record.  Walking distance to fine dining and night life.  Enjoy the infinity pool, onsite gym and entertain family and friends at the poolside clubhouse.  THe condo comes fully furnished and is ready to move in.

PUNTA ARENA 2 BEDROOMS, SUITE 3A

Find amazing condos or homes in Bucerias

 For more properties in Bucerias

By Guylaine Gignac
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