Category: Real Estate
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.
In early February 2024, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the federal government will be extending the prohibition on purchases of Canadian residential property
As we approach the end of 2023, the B.C. Government recently announced its plan to expand the speculation and vacancy tax to THIRTEEN (13) additional municipalities in B.C.
The Speculation and Vacancy Tax has been in force in British Columbia since 2018 and owners of residential real estate in certain designated areas must file a declaration setting out