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Legislation

Will the NDP’s proposed school tax make rentals even less affordable?

Will the NDP’s proposed school tax make rentals even less affordable?

“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, what happens to rents when […]

Do you think the government will actually put all $30m into affordable housing as promised? More than 5,000 properties out of 8,500 deemed “vacant” by city staff received exemptions.

Do you think the government will actually put all $30m into affordable housing as promised? More than 5,000 properties out of 8,500 deemed “vacant” by city staff received exemptions.

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 […]

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 […]

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 […]