GST
If you buy a newly constructed home or a substantially renovated home, you must pay the 5% GST. Depending on your purchase price, there will be a GST rebate. Calculate your rebate at http://www.bcrealestatelawyers.com/gst-calculator/
Property Transfer Tax (PTT)
When a residence is purchased a Property Transfer Tax (PTT) is applied. The tax is calculated at 1% on the 1st $200,000 and ...
1. How exciting! are you a first time buyer? are you selling and buying or is this an investment property?
2. How would you like to pay for that? Contact a mortgage specialist to obtain a pre-approval that best suits your current financial status. Financing options can be a night and day difference, depending on if you are living in or buying as an rental investment. Do ...
None of us have a crystal ball which will tell us what the markets will do, but if history is any indication of where we are headed, than we don’t have to look very far back. Just the sheer amount of changes to the industry with little or no warning, in the last 10 months, is enough to know that things are going to get a lot worse before they are going to get better, if at all! Most of t ...
Vancouver Empty Home Tax: Better than doing Nothing or Will it make things worse?
The City of Vancouver approved a new policy which will tax home owners that keep their secondary properties vacant. Following the foreign buyer tax announced earlier, this is another effort on a municipal level to “cool” down the housing market as well as take care of the lack of affordable housing avail ...
There are still 4 weeks before we are into the holiday week - should you keep looking for your home or wait for spring inventory?
Here are 6 things to keep in mind
1) Inventory Counts:
sure there maybe fewer homes listed at this time of the year, but as long as there are homes coming on the market, should you still look? After all it’s about finding the 1 home that works for you. Does it matt ...
