February 2018

When is it right to invest.? 

Posted on Feb 22, 2018

With real estate at an all time high, is it a good time to invest? Can you still make a reasonable return? 

I get asked these questions every time I meet with perspective clients. Well the answer is not always so clear cut. With one side of the argument pointing towards a likelihood of a jump in rates determined by multiple upcoming project selling a...

Read More

BC budget includes new real estate taxes and spending commitments.

Posted on Feb 21, 2018

The government released a 30-point housing strategy aimed at reducing housing demand, curbing tax fraud, building affordable housing, and increasing security for renters. 
Affordable housing
  • The province is investing $6 billion in affordable housing to create 114,000 homes over the next 10 years.
  • The province will enhance local government capacity to b...

Read More

Government Announces Immediate Changes to Property Transfer Tax

Posted on Feb 21, 2018

Budget 2018 announced changes to Property Transfer Tax that come into effect on February 21, 2018, including:
  • Property transfer tax rate on the value of residential properties above $3 million increased.
  • Additional property transfer tax rate increased and area expanded.
  • The Property Transfer Tax Act is amended to enhance administration and information...

Read More