VICTORIA — Finance Minister Carole James appears to be rethinking parts of her new speculation tax and now says she’s working to address specific problems before the full rules are made public in the spring. James said she’s aware of complaints from some British Columbians who...
The longer days and warmer temperatures can only mean one thing – that’s right, spring has finally arrived in Vancouver. Spring not only means beautiful cherry blossoms and walks along the seawall in Stanley Park, it is also the season to get to those chores...
Spring is the usually best time to sell a home. Regardless of whether it's a buyer's market or a seller's market in Vancouver, real estate inventory almost always rises in the spring. Why is that? This is because the largest number of buyers are actively...
British Columbia Speculation Tax Information Sheet - Revised March 2018 Urban centres throughout the province are in a housing crisis. Rents and home prices have surged past local incomes and, in many communities, vacancy rates sit close to 0%. Speculation has contributed to runaway prices and made...
British Columbia Speculation Tax Information Sheet In Budget 2018, the BC government announced that it would be introducing legislation to impose an annual speculation tax. The tax will be effective for the 2018 tax year. The majority of BC homeowners will be exempt from this tax. The speculation...
Premier John Horgan’s NDP government has taken steps to tamp down speculation in B.C. real estate by imposing a new speculation tax and increasing the foreign buyers tax to 20 per cent. Both measures, aimed at slowing the flow of global capital that critics say is...
The Provincial NDP Government introduced BC Speculation Tax on February 20, 2018. The Speculation Tax will come into effect later this year. Many Non-Resident Homeowners asked me to keep them updated on the latest development regarding Speculation Tax. This Blog will provide a continuous update regarding the details...
VICTORIA — Finance Minister Carole James says the goal of her budget’s new housing taxes is a downturn in the market and a drop in home prices, potentially making the market more affordable but also potentially putting some existing homeowners under water on their mortgages. James...
The Provincial NDP government is vowing to make life more affordable in BC, announcing a number of initiatives to achieve that goal in their 2018 budget. The financial plan is the first full budget for the minority NDP government since it came to power last...
If you have been looking for that perfect condo and thinking about getting into the Coal Harbour real estate market, then now is the time. The spring season offers the perfect opportunity to become a condo owner because of the large selection and choice of...