Beneficial Ownership Registry.  In addition to requiring further beneficial ownership information to be disclosed on Property Transfer Tax filings, the Province is establishing a public registry recording beneficial ownership of land that will be administered by the Land Title Survey Authority. The Province will also be enacting legislation that will require corporations in British Columbia t ...

Pre-Sale Assignment Registry. The Province will require developers to collect and report comprehensive information about the assignment of pre-sale contracts. The government also indicated that collecting this information will allow government to develop new taxation models in the future.

Foreign Buyers’ Tax Increase.  Effective February 21, 2018, the foreign buyers’ tax (also known as the additional property transfer tax) has been increased from 15% to 20%.  This tax has also been extended outside of the Lower Mainland to include the Capital Regional District, the Fraser Valley, the Central Okanagan and the Nanaimo Regional District (though there will be a short grandfatherin ...

 Property Transfer Tax Increase on Residential. Effective February 21, 2018, Property Transfer Tax on residential properties has been increased from 3% to 5% on the portion of the fair market value greater than $3,000,000.

 New Speculation Tax.  In Fall of 2018, the Province will introduce a new speculation tax on residential property.  The tax will target foreign and domestic speculators who pay little or no income tax in British Columbia.  Primary residences and long term rentals will generally be exempted.  The tax will apply to the Metro Vancouver, Fraser Valley, Nanaimo and Capital Regional Districts, and ...

New Speculation Tax. In Fall of 2018, the Province will introduce a new speculation tax on residential property. The tax will target foreign and domestic speculators who pay little or no income tax in British Columbia. Primary residences and long term rentals will generally be exempted. The tax will apply to the Metro Vancouver, Fraser Valley, Nanaimo and Capital Regional Districts, and Kelow ...

Shali talks about New Construction Homes in Richmond BC and how there are 46 active listings for homes built in 2017 and 8 have sold this month. Although these numbers are up from the month before its really important to work with a realtor who can give you an edge over the competition. For more information visit www.shalitark.com.

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Shali talks about how in a hot real estate market buyers say they are writing a cash offer or a subject free offer which is certainly attractive for sellers but sellers should be aware this doesn’t mean the buyers don’t need financing. It merely means the buyers will figure out their financing after the offer is accepted - a risky move for both buyers and sellers.

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Shali talks about Richmond April 2017 Market Update for Detached Homes. These areas include Steveston Village, Sea Island, East and West Cambie, Terra Nova, Riverdale, Quilchena, Granville, Seafair, Boyd Park, Bridgeport, Brighouse, Broadmoor, Lackner, Garden City, McLennan, McNair, Woodwards, Westward, Saunders, Gilmore, Hamilton, East Richmond, West Richmond, East Cambie, West Cambie, and ...

Shali talks about the Richmond condo market and which areas are hottest to buy and hottest to sell for February 2017. These areas include Steveston Village, Sea Island, East and West Cambie, Terra Nova, Riverdale, Quilchena, Granville, Seafair, Boyd Park, Bridgeport, Brighouse, Broadmoor, Lackner, Garden City, McLennan, McNair, Woodwards, Westward, Saunders, Gilmore, Hamilton, East Richmond ...

The Importance of a Home Inspection by Shali Tark from shali on Vimeo.

Shali Tark: Hi! I’m Shali and today I just want to talk about the importance of doing an inspection. I know sometimes with the strata property it may seem like you can forgo it because all the informations going to be in the strata documents but it is a great idea to always do an inspection. First of all you may not be ...

Multiple Offers and the Risk when Buying a House in Greater Vancouver by Shali Tark from shali on Vimeo.

Shali Tark: Hi I’m Shali! Today I want to talk about multiple offers, yes were back there again they’re starting to happen again so you need to be aware of what to do and what not to do you maybe pre-approved for a certain amount but you certainly want to take caution if you’re going to ...

Buying a Marijuana Vancouver Grow-Op House by Shali Tark from shali on Vimeo.

Shali Tark: Hi! I’m Shali and today I want to talk about the house that is price really well and it almost seems like it’s too good to be true. So one of the things you want to look for to see is if it is a grow op, if the seller hasn’t to disclose it it’s going to be up to you to go out and find that out. So one ...

BC Assessed Value vs Market Value for your Vancouver House by Shali Tark from shali on Vimeo.

Shali Tark: HI I’m Shali and I wanted to talk about assessed values I know everybody’s got in their assessments in, in the last couple of weeks and it’s been mixed emotions because it’s good but then you also have to pay taxes on that so maybe not so good. But if you are thinking of selling your h ...