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Getting into the market? The First Time Home-Buyer’s Program can help.

Getting into the market? The First Time Home-Buyer’s Program can help.

First Time Home Buyers’ Program The First Time Home Buyers’ Program reduces or eliminates the amount of property transfer tax you pay when you purchase your first home. If you qualify for the program, you may be eligible for either a full or partial exemption from the […]

Deferring Your Property Taxes – What you need to know

Deferring Your Property Taxes – What you need to know

Tax deferment is a low interest loan program that helps qualified B.C. homeowners pay their annual property taxes on their principal residence. Here’s how it works: Receive your annual property tax notice Confirm you qualify for one of the tax deferment programs Make sure your […]

March 2018 Statistics – Market Update

March 2018 Statistics – Market Update

The Real Estate Board of Greater Vancouver says the condominium market has now become the most competitive since it started measuring the market in 2005. Here is a complete overview of the Metro Vancouver Real Estate Market for all housing types for March 2018.   Source: The Real Estate Board of […]

The New Foreign Buyer and Property Transfer Taxes

The New Foreign Buyer and Property Transfer Taxes

The 2018 BC Budget was just announced introducing new taxes for real estate. They are: Foreign Buyer Tax – Effective Feb. 21, 2018, the foreign buyer tax will increase to 20 per cent (from 15 per cent) and will be extended to the Fraser Valley, […]

BC’s new “Speculation” Tax Laws

BC’s new “Speculation” Tax Laws

B.C. Speculation Tax 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 it difficult for British Columbians […]