The Vancouver City’s Empty Homes Tax is separate from the provincial government’s Speculation and Vacancy Tax. The City’s Empty Homes Tax is separate from the provincial government’s Speculation and Vacancy Tax. If you have an enquiry about the Province’s tax, please refer to the Province’s website External website, opens in new tab or ...
Continue ReadingThe B.C. government has announced it is raising the Speculation and Vacancy Tax on Dec. 31 from 0.5 per cent to two per cent for foreign owners and for satellite families, the majority of whose income is not reported on a Canadian tax return. Some new exemptions to the tax will be brought ...
Continue ReadingCommercial real estate activity remains below the pace of recent years Sales activity in the Lower Mainland’s commercial real estate market continued to decline in the third quarter (Q3) of 2019 compared to recent years. There were 405 commercial real estate sales in the Lower Mainland in Q3 2019, a ...
Continue ReadingMetro Vancouver home sales return to historically typical levels After a quieter first half of 2019, home buyer activity has returned to more historically typical levels in Metro Vancouver*. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,498 in November 2019, ...
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