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Condominium purchase and recurring costs
Expenses included in buying a condo. Don’t Forget to Factor These Costs Into Your Budget: * May not apply to resale units, since it was already paid and/or factored into the purchase price. There are exceptions. For instance, GST and the federal portion of the HST will apply in some cases. Recurring Costs: Other Costs…
Canadians will see some new laws and rules kick in next month
Several new laws and regulations will be implemented in Canada next month. From a bill that protects shoppers from deceptive marketing practices to expanded dental care, these changes could affect workers, consumers and low-income Canadians. Here are the new laws and rules you can expect in Canada in June 2025. Canadian Dental Care Plan expansion and renewal Jacob Lund/Shutterstock The Canadian Dental Care Plan (CDCP) now accepts applications from eligible people aged 18 to 34. On May 29, the program will expand to include those aged 35 to 54. The program was implemented in 2023 to decrease dental costs for Canadians earning less than $90,000 annually. If you’re already part of the dental care program, don’t forget to renew for the 2025 to 2026 period before June 1 to avoid a possible gap in coverage. To do this, you must have filed your 2024 tax return and received the notice of assessment from the Canada Revenue Agency. Check to see if you qualify for the CDCP. “Anti-scab” law In May last year, the federal government passed Bill C-58, a law that aims to protect unionized workers during strikes or lockouts. Under the legislation, which will take effect on June 20, federal employers won’t be able to use replacement workers, AKA “scabs,” to do the jobs of unionized employees during legal strikes or lockouts. This is an offence punishable by a fine of up to $100,000 per day. The exceptions to this law include needing to use a replacement worker to prevent threats to life, health or safety of the public and prevent serious damage or destruction to their property. However, employers need to offer the opportunity to bargaining unit members first. Law holding businesses more accountable for greenwashing Bill C-59, which kicked in on June 20, 2024, also brought important changes to the Competition Act, specifically when it comes to greenwashing, or misleading consumers about a business’s environmental impacts. According to Canadian law firm BLG, the changes to legislation won’t only make it easier for the Commissioner of Competition to hold companies accountable, but also for private parties like environmental activists and climate advocacy groups. Starting June 20 this year, these groups can bring action against companies for deceptive greenwashing marketing practices before the Competition Tribunal if they can show “public interest.”
Developer reimagines Capilano Mall with 3,100 homes, 40 storey towers, and new park
Developer reimagines Capilano Mall with 3,100 homes, 40 storey towers, and new park There will be 11 towers in total and the range of tower heights will vary between 12 and 40 storeys. A massive new redevelopment is planned on North Shore as Capilano Mall is reimagined with more than 3,000 housing units in eleven…
Buying a Foreclosure Home in Canada
If you are interested to have access to all Vancouver Foreclosures MLS® Listings, please click on the “VIP Insider Access” button. In the “Notes” box include the code “Foreclosures” or visit Vancouver Foreclosures and register What You Should Know Foreclosed homes are typically homes put on sale by lenders after the previous buyer defaults on their mortgage. Foreclosures are rare…
Find the right home
Understand your housing options, choose your priorities and select your homebuying professionals. Think long term when buying a home. What kind of home do you need now? What will you need in 5 to 10 years? Consider: COMMON TYPES OF HOMEOWNERSHIP Options vary slightly between provinces, but you can choose between the following ownership types in Canada:…
The Process for Estate Sales in BC
Estate sales in British Columbia generally involve the sale of a deceased person’s property, usually handled by the estate executor named in the will or appointed by the court if no will exists. The process can vary depending on whether the deceased left a will and the type of assets involved, but generally follows several…