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  1. B.C. and Vancouver home taxes: Some in the city will pay twice

    Unclear how many hit by overlap between city?s empty homes levy and B.C.?s speculation tax Joanne Lee-YoungThe Province Some homeowners in the City of Vancouver will end up paying two taxes aimed at discouraging the use of homes as investments rather than places to live. It’s not clear yet how many will be on the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-03-2018
    Real Estate Related

  2. Canopy 302 townhomes by Tynehead Park at 9718 161A Street Surrey by StreetSide Developments

    Canopy designed to appeal to different demographics Mary Frances HillThe Province Canopy What: 302 townhomes bordered on two sides by Tynehead Park Where: 9718 161A Street, Surrey Residence sizes and prices: two, three and four bedrooms, ranging from 1,250 to 1,800 square feet; starting at around $500,000 (for two-bedrooms, now sold out). Remaining homes priced from $600,000s Developer […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-03-2018
    Real Estate Related

  3. Backlash keeps blistering B.C. government

    Speculation Tax not workable Linda GivetashMortgage Broker News When Rick Smith’s son decided to move from Yukon to Victoria for college he bought him a condominium to avoid high rents, but a new provincial tax means the property may turn out to be more of a financial burden than anticipated. “Our contribution to his future […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-03-2018
    Real Estate Related

  4. BC Taxes

    other The Buyer is and will be, on the Completion Date, a “foreign entity” or a “taxable trustee” as defined in the British Columbia Property Transfer Tax Act (as amended) (collectively, the “Foreign Entity”). The Buyer is aware that the Property Transfer Tax Act, as amended, imposes an additional Property Transfer Tax of 20% of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-03-2018
    Real Estate Related

  5. BCREA calls for more clarity on speculation tax

    Steve RandallCanadian Real Estate Wealth The proposed British Columbia speculation tax has been welcomed by the province’s real estate board but it wants more questions answered. The BC finance minister gave more details of the scope of the tax Monday including defining the areas that would be included, and the exemptions that would apply. The […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-03-2018
    Real Estate Related

  6. B.C. clarifies speculation tax provisions

    Paolo TarucCanadian Real Estate Wealth British Columbia’s speculation tax will not apply to residents with second homes outside of high-cost, designated urban areas, as well as many who own vacation properties, the province’s government has clarified. B.C. Minister of Finance Carole James said Monday the levy focuses on people who are treating our housing market […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 28-03-2018
    Real Estate Related

  7. Repair claims require strict oversight

    Don?t delay on maintenance Tony GioventuTimes Colonist Dear Tony: I am a council member of a new highrise building in Metro Vancouver that was completed in 2017. In the fall, several owners in the penthouse units complained about water stains on their ceilings that have developed since they have moved in. The developer was contacted […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-03-2018
    Strata Information

  8. Speculation Tax: Clarity Appreciated; More Needed

    BCREABCREA The British Columbia Real Estate Association (BCREA) was pleased to see more details of the proposed speculation tax. Refinement of the areas of the province where the tax applies and the introduction of different rates for different owners indicate a more strategic approach, and provide greater certainty. We look forward to more answers as […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 27-03-2018
    Real Estate Related

  9. BC government says less than 1% will face speculation tax

    Steve RandallCanadian Real Estate Wealth The new speculation tax announced in the recent British Columbia budget will have limited impact on residents the government says. The province’s Minister of Finance Carole James said Monday that more than 99% of British Columbians will be exempted from the speculation tax. “Our government wants to make sure people […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 26-03-2018
    Real Estate Related

  10. Failure to disclose murder costs homeowner

    Neil SharmaREP Given how high the stakes of mansion sales are, one would think every pertinent modicum of information would be disclosed. Turns out the owner of a Shaughnessy mansion in Vancouver forgot to tell a buyers about a gangland murder on the premises that occurred no fewer than 22 months earlier. The victim was […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 24-03-2018
    Real Estate Related
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