measures affecting bc real estate

(March 28, 2018, posted in BC Real Estate)

In its 2018 Budget, the provincial government announced a number of measures that will impact the real estate industry. Among the measures announced on February 20, 2018:

Changes to the Property Transfer Tax rate: the tax rate on residential properties above $3 million has increased from 3% to 5%, effective February 21, 2018.

Increase and Expansion of Additional Property Transfer Tax: also known as... read more.

what's happening in real estate?

(March 02, 2018, posted in BC Real Estate)

Did you know?

  • Housing was dominant in the recent provincial budget.  
  • The province committed to spending $6 billion to create 114,000 affordable housing units in the next 10 years.  
  • They also announced a series of real estate tax measures to 'curb housing demand' including a new speculation tax for homeowners who don't pay income tax in BC.
  • The province also increased the foreign buyer tax to 20% from 1... read more.