Steve RandallCanadian Real Estate Wealth The two-month break in the downward trend for a national home price index has ended with the largest decline for February since 2013. The Teranet-National Bank HPI was down 0.13% in February compared to the previous month, after rising in January and December. The index tracks home prices relative to […]
other If they are NOT a Permanent Resident OR Canadian Citizen; 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 […]
Doug Alexander and Erik HertzbergCanadian Real Estate Wealth Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to data from the country’s banking regulator. Mortgages that don’t require homeowner insurance surged 19 percent from a year ago, accounting for about […]
Landmark on Robson makes a statement in its downtown Vancouver location Michael Bernard The Vancouver Sun Landmark on Robson Project Address: 1400 Robson St., Vancouver Project Scope: At total of 237 suites in two concrete highrise towers with views of Coal Harbour, the North Shore Mountains, English Bay, Stanley Park and the city skyline. Developer: […]
Condos for bitcoins? One man is determined to make it work Naomi Powell The Vancouver Sun Derryn Shrosbree’s ideal real estate deal involves no agents, no lawyers or other intermediaries. In his mind’s eye, there is just a buyer, a seller and a lot of Bitcoin. So in February, Shrosbree listed his two-bedroom Mississauga condominium […]
Speculation tax backlash spreads Jennifer SaltmanThe Province The provincial government’s controversial real estate speculation tax is facing increasing opposition as elected officials in affected municipalities and regions across B.C. field hundreds of angry calls flowing in from a broad swath of affected individuals and groups such as the construction industry and developers. Local politicians across […]
REP A new tipline is being set up to allow for anonymous complaints about suspicious real estate activities in British Columbia. Finance Minister Carole James says the tipline launched by the Real Estate Council of British Columbia will help improve consumer protection. Trained investigators will review each tip. They will then ensure appropriate action is […]
Andy BlatchfordREP With a popular measure that shows Canadians’ soaring debt remains in record-breaking territory, the federal government has acknowledged internally there’s no way of knowing whether the burden has climbed too high. A recently released federal analysis, prepared for Finance Minister Bill Morneau, said the country’s household-debt-to-disposable-income ratio has been steadily rising since 1990, […]
Ad warning homeowners to sell before tax kicks in fails Kevin GriffinThe Province A Victoria realtor who wants people to sell their homes now, in order to avoid a proposed NDP speculation tax that would come into effect this taxation year, said he’s had a tepid response so far. Ron Bahrey said he’s only received […]
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