Vancouver Housing Market to See a Re-Set According to the Vancouver Sun, "Both Neil Chrystal, president of Polygon Homes Ltd., and Eric Carlson, founder and CEO of Anthem Properties, two of B.C.’s biggest developers, told the recent Urban Development Institute’s annual forecast luncheon that they expect the markets to take a breather and “prices to…
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Canada's money supply growth is pointing to a slower economy When we talk about market trends in real estate it is important to look at the bigger picture, the economy. What is the slow and growth of money looking like for residents of Vancouver and Canada. The amount of money people have, and can borrow,…
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What are assignments when it comes to real estate? We are here to answer all of your questions. You may have heard of assignments a lot this year, as they have been getting a bit of a bad rap lately. It's important that you understand what an assignment is in order to make the best…
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Prospective home buyers remain on the sidelines in March. Holding pattern continues according to the REBGC stats. In March Metro Vancouver home sales dropped to the lowest levels seen in more than three decades. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,727 in March 2019,…
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Buyers Hold the Power in This Market...Why? Here's the thing, we've got people wondering...is it a buyer's market or seller's market? Well, prices have come down slightly, let's say that multiple offer situations on desirable homes is no longer the 'norm'. Homes are not selling as fast, and I'll be clear here that this is…
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What is inheritance tax? It should be noted that there is NO inheritance tax in Canada as of 1972, however a provision on capital gains was added. What CRA does is it treats the estate as a sale, unless the estate has been inherited by a living spouse or common-law partner. And of course, there…
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Attention all homeowners! Do you qualify for the home owner grant? When it comes to property taxes in Vancouver there are a myriad of things to be aware of that could qualify you for tax exemptions. We have covered in detail the new taxes that have come out in the past year regarding Speculation Tax…
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*UPDATED CAPITAL GAINS TAX INFORMATION FOR THE 2024 YEAR* Starting June 25, 2024, significant changes to the capital gains tax rules will come into effect in Vancouver, as part of the federal government's Budget 2024. Here are the key points you should be aware of: Increased Inclusion Rate: For individuals, the inclusion rate for capital…
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Information for Foreign Sellers and the Taxes that are included... The tax rate for homeowners in Vancouver has drastically gone up over the past several years. We have another blog post which you can view here, that touches on the new Speculation Tax & Empty Homes Tax. In this post we are going to specifically…
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Tony Spagnuolo, President of Spagnuolo & Company Real Estate Lawyers explains what you should look for when reading a title search in British Columbia. How to read a Title Search “Today we're going to talk about how to read a title search, what the information is that's on there that's common anyway, we're going to…
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