NEW: BC Home Flipping Tax
Posted on Jan 07, 2025
As of January 1, 2025, the BC Home Flipping Tax is now in effect. This new tax is distinct from the existing federal property flipping tax and specifically targets short-term property sales within British Columbia.Here’s how it works:
- The tax applies to income from sales of residential properties, presale contracts, or assignments owned for less tha...
General Real Estate Market Update
Posted on Dec 19, 2024
Market Trends and Activity:- Sales in October and November showed year-over-year increases but remain below average, signaling gradual market recovery.
- Inventory remains elevated due to increased new listings and slower-than-average sales, though a seasonal decline is expected as the year ends.
- The Bank of Canada im...
New Home Flipping Tax
Posted on Dec 06, 2024 in taxes
Starting January 1, 2025, the new BC Home Flipping Tax will add another layer of tax consideration for British Columbians who sell residential property within a short timeframe. This tax will be in addition to the existing federal property flipping tax introduced by the Canada Revenue Agency in 2023. While there are similarities between the two tax...
polarizing advertising
Posted on Dec 05, 2024
This article highlights the rollercoaster seen when emotions and real estate collide in a polarizing way!
‘Making Yaletown Unaffordable:’ realtor faces threats over Vancouver billboard. Read more here.
the rennie landscape
Posted on Nov 20, 2024
Twice a year, rennie intelligence produces the rennie landscape, which tracks a variety of demographic and economic indicators that directly and indirectly influence the housing markets of Metro Vancouver, Greater Victoria, and the Central Okanagan.
If you don't have time to read this detailed pamphlet, here are some "coles" notes:
ECONOMY
the labour...
3 Ways to Sweeten Your Offer
Posted on Feb 26, 2019
