Canada sending 338 athletes to Summer Olympics in Paris

Canada sending 338 athletes to Summer Olympics in Paris

TORONTO — The Canadian Olympic Committee has introduced the 338 athletes chosen to represent their country at the upcoming Olympic Games in Paris. TORONTO — The Canadian Olympic Committee has introduced the 338 athletes chosen to represent their country at the upcoming Olympic Games in Paris. The Games officially start with the July 26 opening…

Vancouver real estate market low home sales allow inventory growing

Vancouver real estate market low home sales allow inventory growing

February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver’s housing market, leading to below-average sales activity. With sales remaining well-below historical norms, the number of available homes for sale in the region has continued inching upwards. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home…

Homebuyers Should You Make a Subject Free Offer?

Homebuyers Should You Make a Subject Free Offer?

Sellers Knowing what your home is worth at the present market. Sign up for a Market Snapshot to see similar homes listed, recently sold, and expired in your neighborhood www.activeandsold.com  Buyers Create your own Personal MLS Listings Search, the same system that is available to Realtors. Visit www.yourownmls.ca  Homebuyers Should You Make a Subject Free Offer Buyers…

BC Strata Insurance Report
|

BC Strata Insurance Report

For more information on the real estate market and conditions visit www.vreg.ca Honourable Carole JamesMinister of Finance and Deputy Premier June 16, 2020 Dear Minister: RE: BC Strata Property Insurance Market – Interim Findings BC Financial Services Authority (BCFSA) is pleased to report its interim findings on the strata insurance market in British Columbia (BC). At…

Could Coffee Help Protect Your Liver From Alcohol
|

Could Coffee Help Protect Your Liver From Alcohol

Another noteworthy benefit has been added to the list of perks that coffee may have for your health. New research has found that drinking your daily java may help protect your liver from alcohol-related cirrhosis. While a little bit of alcohol may actually be healthy, we all know that overdoing it on the spirits is extremely dangerous…

938 Clements Street Canyon Heights North Vancouver
|

938 Clements Street Canyon Heights North Vancouver

YouTube Video tour Listed at $1,898,000 Amazing property in Canyon Heights, one of the most upscale neighbourhoods in North Vancouver. Handsworth Secondary catchment. Build your dream home on this fabulous oversized lot 9,372 sqft (65’x144’). Or you might decide to renovate the charming home with 3 bedrooms and 1 bath upstairs. Downstairs has a large…

Vancouver Empty Homes Tax
|

Vancouver Empty Homes Tax

Targeting both the approximately 10,000 year-round empty and 10,000 under-occupied homes in Vancouver, homes which are unoccupied for six full months of the year or more, will be subject to the 1% Empty Homes Tax (the “EHT”) imposed by Vancouver’s new Vacancy Tax By-Law No. 11674 (the “By-law”). Homes that are determined or deemed to be vacant…

Sale of Real Property by Non-Residents
|

Sale of Real Property by Non-Residents

Sale of Taxable Canadian Real Property Under the ITA the Canadian government has the right to tax a non-resident’s sale of Canadian real property. The tax is calculated on either: As it is more difficult for the Canadian government to collect tax from a non-resident, the ITA also makes the buyer liable for a payment of tax on the sale…

Home Buyers Property Transfer Tax and Foreign Entity Tax 2018
|

Home Buyers Property Transfer Tax and Foreign Entity Tax 2018

Property Transfer Tax 2018 Effective February 21, 2018, the Property Transfer Tax (“PTT”) payable under the Property Transfer Tax Act (“PTTA”) are as follows: Example 1: For a property that has a fair market value of $500,000 1% on the first $200,000 1% of 200,000 = $2,000.00 2% on the portion of the fair market value greater than…