Justin da RosaCanadian Real Estate Wealth A leading investor shares his tips to on how to excel in a struggling real estate market. Real estate has its ups and downs, and Wayne Weum, an Edmonton-based investor, is currently experiencing the low points. But that won’t stop him from managing his portfolio and even picking up […]
REBGVother The BC legislature passed legislation last night that institutes the foreign buyer tax. The legislation will take effect August 2, adding a 15 per cent surcharge to the Property Transfer Tax (PTT) for non-Canadian buyers. The tax applies at the point of registration at the Land Title Office, regardless of when the contract was […]
New B.C. tax on foreign homebuyers will help Canadian banks: Moody?s ? BARBARA SHECTERThe Vancouver Sun The B.C. government’s move to slap a 15 per cent tax on foreign homebuyers in Vancouver is positive for the country’s biggest mortgage lenders, Moody’s Investors Service said Wednesday. “This land transfer tax is credit positive for Canadian banks […]
Municipalities outside of Metro Vancouver will be watching closely to see if the new foreign buyers? transfer tax announced this week will affect housing markets in their communities Jennifer SaltmanThe Vancouver Sun On Monday, the provincial government introduced legislation that sets the property transfer tax at 15 per cent for purchasers of residential real estate […]
PHASE 1 SOLD OUT: Earthy tones, playful elements on display at Concord Brentwood Mary Frances HillThe Province Concord Brentwood Where: 4756 Lougheed Highway, Burnaby What: A total of 10 highrise towers, between 40 and 50 storeys. The first tower of 45-storeys in Phase 1 is sold out Developer and builder: Concord Pacific Developments Inc. Sales […]
B.C. ?not amending? real estate fee Rob ShawThe Province B.C.’s Liberal government has stood firm despite a barrage of criticism from developers and real estate agents over its foreign buyer tax, admitting Wednesday it expects some real estate deals involving foreigners to collapse. British Columbians will get a chance to step in and buy the properties that foreign citizens […]
NEW LAW: Real Estate Council of B.C. investigating agent Mike Stewart after email sent to clients Tuesday Jeff LeeThe Province A top-selling real estate agent in Vancouver who sent an email advertising how to circumvent the new foreign purchasers’ property transfer tax is being investigated by the Real Estate Council of B.C. On Wednesday the […]
Frances Bula and Wendy Stueck The Globe and Mail Published Thursday, Jul. 28, 2016 A new tax on real estate purchased by foreign buyers has set off shock waves through the B.C. real estate sector, sending clients and realtors scrambling to close deals before the new tax kicks in and raising concerns it could scupper […]
Canada’s national housing agency says evidence of problematic conditions in the country’s real estate market as a whole has risen from weak to moderate, with Vancouver’s risk rating boosted to high. The Vancouver Sun TORONTO — Canada’s national housing agency says evidence of problematic conditions in the country’s real estate market as a whole has risen […]
Rob Shaw The Province The number of foreign purchases in Metro Vancouver’s housing market is twice as high as previously thought, according to new numbers released Tuesday by the government. The figures released by Finance Minister Mike de Jong showed approximately 10 per cent of the total value of residences bought in Metro Vancouver was by foreign citizens in the five-week period between June 10 […]
