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Sale of Real Property by Non-Residents

Sale of Real Property by Non-Residents 01 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: the capital gain, or income realized on the sale of the real [...]

2018-08-15T14:16:09+00:00August 15th, 2018|News, Real Estate|0 Comments

Home Buyers Property Transfer Tax and Foreign Entity Tax 2018

Home Buyers Property Transfer Tax and Foreign Entity Tax Home Buyers Property Transfer Tax and Foreign Entity Tax Property Transfer Tax 2018 Effective February 21, 2018, the Property Transfer Tax ("PTT") payable under the Property Transfer Tax Act (“PTTA”) are as follows: 1% on the first $200,000 2% on FMV over $200,000 and up [...]

2018-08-14T17:35:06+00:00August 14th, 2018|News, Real Estate|0 Comments

These 3 groups of homebuyers are causing condo prices to soar

These 3 groups of homebuyers are causing condo prices to soar These 3 groups of homebuyers are causing condo prices to soar in Greater Vancouver Although overall home price growth has eased in Greater Vancouver over the past year, prices continue to rise in the region’s condo market, due to overwhelming demand for [...]

2018-08-13T10:55:35+00:00August 13th, 2018|News, Real Estate|0 Comments

Why detached home prices are falling

Why detached home prices are falling Why detached home prices are falling in these Metro Vancouver areas Although overall home prices in Metro Vancouver are still rising, price growth has been significantly easing for the last two quarters and even dropped for detached properties in some areas of the region. In June, benchmark [...]

2018-08-13T10:23:57+00:00August 12th, 2018|News, Real Estate|0 Comments

Majority of Vancouverites blame foreign buyers for housing crisis

Majority of Vancouverites blame foreign buyers for housing crisis Majority of Vancouverites blame foreign buyers for housing crisis Despite recent studies which show that foreign homebuyers play a minor role in Metro Vancouver’s housing market, city residents continue to blame the group for the affordability crisis. In an online survey by Insights West, [...]

2018-08-11T20:02:46+00:00August 11th, 2018|News, Real Estate|0 Comments

Canadas housing market correction

Canadas housing market correction Canadas housing market correction is in the “rear-view mirror” The Canadian housing market has weathered a series of blows this year, including a mortgage stress test which sent sales plunging in January. But there is another factor placing a downward pressure on the market — rising interest rates. The Bank [...]

2018-08-11T19:09:19+00:00August 11th, 2018|News, Real Estate|0 Comments

Interest rate hikes

Interest rate hikes Interest rate hikes taking a bite out of Canada’s housing market While there are many factors that affect the Canadian economy, the one that often gets the most lip service is its housing market. And, according to TD senior economist James Marple, there’s a good reason for that. “The…key question [...]

2018-08-11T18:49:35+00:00August 11th, 2018|News, Real Estate|0 Comments

Canadian home construction hasn’t been this hot in a decade

Canadian home construction Canadian home construction hasn’t been this hot in a decade Canadian home construction has been on a roll this year, with a massive 246,000 seasonally adjusted housing starts in June, and 206,300 in July. According to one economist, it’s the biggest boom in residential construction for the country in over [...]

2018-08-11T16:19:58+00:00August 11th, 2018|News, Real Estate|0 Comments
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