Foreign Buyer's Tax and What To Expect First of all what is Foreign Buyer's Tax? It is part of Bill 28, explained below. Bill 28, the Miscellaneous Statutes (Housing Priority Initiatives) Amendment Act, 2016, came into force on August 2, 2016. The law was introduced after calls urging the British Columbia provincial government to intervene in the…
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Speculation Tax There has been a lot of back and forth on the new Speculation tax in BC. Aiming to combat high vacancy rates and wealth migration, the tax is one of many steps the government is taking to address Vancouver’s housing crisis. The tax is designed for homeowners who do not live in their…
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Assigning Presale Condos or Townhomes With many assignments sales happening in the Vancouver Real Estate Market it is good to learn as much as possible before you decide to invest in a pre-sale purchase or ‘Assign’ your pre-sale at a later date. The definition: “An Assignment is a legal sales transaction whereby the Original Purchaser…
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Non-Resident Seller in Vancouver? So, you’re selling your home and your realtor mentions a Clearance Certificate. You decide to look it up on-line to figure out what it’s for and what it means for you. But all you find is confusing articles by the government. That’s where we come in. I want to make this…
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