BC Real Estate

measures affecting bc real estate

Posted on Mar 28, 2018 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 o...

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what's happening in real estate?

Posted on Mar 02, 2018 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...

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