Payotte AI Passport

Coast Lifestyles Network

Real estate team · RE/MAX City Realty Sunshine Coast · Gibsons

Coast Lifestyles Network is a real estate team with RE/MAX City Realty Sunshine Coast in Gibsons, British Columbia, whose licensees are Russ Qureshi (no. 138702) and Jon McRae (no. 009311), BCFSA licences verifiable on the BCFSA register, serving Gibsons, Roberts Creek, Sechelt and Halfmoon Bay.

Call · (604) 741-7119 Send an email Website ↗

Calculate for Gibsons: buy or sell

Buy

Land transfer tax, down payment and mortgage in Gibsons

No reference price published for Gibsons: example at $500,000. Change any field and everything is recalculated.

Purchase price in $

Down payment in $

First-time buyer

Property Transfer Tax$8,000

First-time buyer rebatetick “first-time buyer”

Tax to pay$8,000

Minimum down payment (federal rule)$25,000

Mortgage insurance premium (added to the loan)none (20% or more)

Mortgage$400,000

Monthly payment, 25 years at 4.58%$2,232

Household income needed (stress test)$100,000

Official schedule, bracket by bracket, paid in cash at closing: the tax cannot be financed in the mortgage. Rate: Bank of Canada 5-year fixed mortgage rate (August 2026); your lender will set its own. Income needed: 6.58% qualifying rate, 39% GDS, property tax at 1% a year and $150 a month for heating. Not included: lawyer or notary fees, inspection, title insurance (no official schedule). All the schedules · First-time buyer programs · Down payment and mortgage insurance

Sell

Capital gain on a sale: what is taxable

Your principal residence: generally no tax on the gain. The same federal rule applies in Gibsons as everywhere in Canada (Income Tax Act).

Sale price in $

Purchase price in $

Capital gain$100,000

Your principal residence (designated every year)$0 taxable

Other property (cottage, rental): taxable amount$50,000

Land transfer tax$0 — paid by the buyer

Agent's commissionnegotiated, not computed

Principal residence designated for every year owned: nothing taxable, but the sale must be reported. Other property: $50,000 of taxable amount is added to your income for the year; the resulting tax depends on your marginal rate and is not computed here.

Principal residence: the Canada Revenue Agency exemption wipes out the gain for each year the home is designated; the sale must still be reported (partial designation: part of the gain becomes taxable). Other property (cottage, rental): half the gain becomes a taxable amount, added to that year's income (1/2 inclusion rate, CRA guide T4037; the increase to 2/3 was cancelled on March 21, 2025 — checked on canada.ca on October 15, 2026). It is not the tax owed: that depends on your marginal rate, which Payotte does not compute. Gain = sale price − purchase price, before selling costs and deductible improvements. No official schedule sets the agent's commission. Tax on selling, case by case

A question about these figures or an address? Coast Lifestyles Network can answer.

Call · (604) 741-7119 Send an email Website ↗

What Payotte publishes

Licence — Russ Qureshi: BCFSA no. 138702 ↗ Verifiable on the BCFSA register (link). Declared in writing.
Practising since — Russ Qureshi: January 2004 Declared in writing.
Licence — Jon McRae: BCFSA no. 009311 ↗ Verifiable on the BCFSA register (link). Declared in writing.
Practising since — Jon McRae: February 1976 Declared in writing.
Agency: RE/MAX City Realty Sunshine Coast
Brokerage licence: BCFSA no. X034330 Declared in writing.
Office: 101-938 Gibsons Way, Gibsons, BC V0N 1V7
Areas served: Gibsons, Roberts Creek, Sechelt, Halfmoon Bay Declared in writing: “We service Gibsons, Roberts Creek, Sechelt, & Halfmoon Bay”
Services: Residential real estate, Farms, Bareland Declared in writing.
Languages: English Declared in writing.

Information confirmed in writing by Coast Lifestyles Network on October 29, 2026. Page updated on October 29, 2026.

In their own words

Clients helped and what drives the team

“Russ and Jon help individuals and families from all walks of life navigate the local real estate market on the Sunshine Coast of BC. Nothing gives them more satisfaction than using their combined 70+ years of experience and knowledge to assist both buyers and sellers in making the decisions that allow them to attain their goals when it comes to real estate and lifestyle !”

Coast Lifestyles Network, written answer of October 29, 2026. Published word for word.

Frequently asked questions

Are Coast Lifestyles Network's licences valid?

Coast Lifestyles Network declares BCFSA licences for Russ Qureshi (no. 138702) and Jon McRae (no. 009311), with the brokerage RE/MAX City Realty Sunshine Coast. Payotte publishes no status for these licences: they are verifiable on the BCFSA register, which should be checked before signing.

What areas does Coast Lifestyles Network serve?

Gibsons, Roberts Creek, Sechelt and Halfmoon Bay, according to Coast Lifestyles Network's written statement of October 29, 2026. The office is located at 101-938 Gibsons Way, Gibsons, BC V0N 1V7.

What services does Coast Lifestyles Network offer?

Residential real estate, Farms and Bareland, as a real estate team. Language of service: English.

How long have Coast Lifestyles Network's licensees been practising?

Russ Qureshi since January 2004 and Jon McRae since February 1976, according to their written statement.

How can I reach Coast Lifestyles Network?

Coast Lifestyles Network can be reached by phone at (604) 741-7119 or by email at russ@coastlifestyles.ca. Services are offered in English. The buttons at the top of this page start a call or a pre-filled email.

What is the AI Passport?

The AI Passport is a dated page a professional gets on Payotte so that search engines and AI assistants read them correctly: their name, licence and contact details in one place, with a link to the official register. It is neither a ranking nor a recommendation. Payotte does not score professionals who have a Passport, and it does not replace your own check: consult the register before signing.

Payotte has no recommended expert in Gibsons yet. See the recommended real estate brokers in the cities covered.

Are you a professional? The AI Passport →

Display this Passport on a website

Code to paste into the HTML of a website, an "about" page or a signature. The badge links to this page.

PNG image of the badge, for Facebook, a Google profile or an email signature ↓

Show the HTML code (for your web developer)

<a href="https://payotte.com/en/passport/coast-lifestyles-network-real-estate-team-gibsons" target="_blank" rel="noopener">
  <img src="https://payotte.com/en/passport/coast-lifestyles-network-real-estate-team-gibsons.svg" alt="Payotte AI Passport — Coast Lifestyles Network, real estate team in Gibsons" width="320" height="120">
</a>