Category: Real Estate
Unless an exemption applies, real estate purchases are subject to GST. To determine whether an exemption applies, the seller must consider how the property was used during its ownership.
The latest expansion of the Speculation Tax has expanded the tax to many Okanagan communities along with other previously excluded communities.
The BC government recently passed Bill 14 – Tenancy Statues Amendment Act, 2024, which amends the BC Residential Tenancy Act (RTA) and the BC Manufactured Home Park Tenancy Act (MHPA).
Earlier this year, the Province of British Columbia brought into force new rules that impacted short-term rental units.
On February 22, the Provincial Government introduced Budget 2024, which made several significant tax changes focused on housing.
The provincial Budget 2024 revealed a new tax is on the horizon for sellers of real estate within British Columbia.