by Amy Rozier | Jan 21, 2019 | Consumer Matters, Hot Topics, Legislation, Market Update, Research
It will be up to homeowners to apply for exemptions, with a deadline of March 31. (The Province Jan 16, 2019, article by Rob Shaw) VICTORIA — All homeowners in B.C.’s largest urban centres will need to apply for exemptions from the province’s new speculation tax or...
by Amy Rozier | May 29, 2018 | Hot Topics, Legislation
“Thirty-eight per cent of all Point Grey households are rental households. Almost one-quarter of all Vancouver rentals are in “single-family-home areas,” suggesting that many of the large and expensive homes impacted by the tax are already full of renters. So,...
by Amy Rozier | Apr 24, 2018 | Consumer Matters, Hot Topics, Legislation
Vancouver’s tax on empty homes will bring in $30-million of revenue in its first year, but that will come from only a tiny proportion of homeowners. More than 5,000 properties out of 8,500 deemed vacant by city staff received exemptions under rules of the new tax...
by Amy Rozier | Apr 11, 2018 | Hot Topics, Legislation
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...
by Amy Rozier | Apr 11, 2018 | Legislation
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...
by Amy Rozier | Apr 11, 2018 | Legislation
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, Capital, Nanaimo,...
