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Legislation & Regulations
Supreme Court of Canada clarifies, expands principles of expropriation
Wednesday, November 16, 2022
A recent decision has clarified the test for constructive taking and expropriation by regulation. (5 minute read)
Home Selling
Historical home sale prices in Metro Vancouver are now available on REALTOR.ca
Tuesday, September 13, 2022
You can now find historical home sale prices on REALTOR.ca for homes actively listed for sale. (2 minute read)
Legislation & Regulations
BC government introduces “cooling off” period for home sales
Tuesday, August 9, 2022
Starting January 1, 2023, home buyers can back out of a residential purchase up to three business days after signing a contract. (3 minute read)
Taxes
Property taxes 101
Friday, June 3, 2022
Property tax notices are sent to home owners and businesses in June and are due the first or second business day in July, depending on the municipality.
Legislation & Regulations
BC REALTORS® offer 30 policy recommendations to province to improve BC real estate
Thursday, March 31, 2022
The BC Real Estate Association, with support of BC’s real estate boards, has 30 policy recommendations for the provincial government.
Legislation & Regulations
What’s in BC Budget 2022 for homebuyers and owners?
Tuesday, February 22, 2022
BC Budget 2022 was released on February 22, 2022 with a focus on funding for climate change, infrastructure, and homelessness. (2 minute read)
Taxes
No SVT exemption for owners of vacant stratas
Friday, February 18, 2022
Owners of strata property in buildings with rental restrictions are no longer exempt from the BC Speculation and Vacancy Tax. (1 minute read)
Legislation & Regulations
Metro Vancouver regulates wood burning fireplaces and stoves
Monday, February 14, 2022
Metro Vancouver is regulating wood burning fireplaces and stoves to reduce pollution. Find out how this could affect you. (3 minute read)
Legislation & Regulations
How many homes paid BC Vacancy and Speculation Tax in your community?
Friday, December 10, 2021
Read how much tax was generated from this tax in Greater Vancouver municipalities.
Legislation & Regulations
REBGV makes three recommendations to BC government to help make homes more affordable
Thursday, October 14, 2021
Metro Vancouver is facing a housing affordability crisis. Home prices continue to rise, and the inventory of homes for sale is insufficient to meet today’s demand.
Legislation & Regulations
Federal government plans unused housing tax
Friday, September 24, 2021
Read about the federal government’s plans to implement a national, annual one-per-cent tax on non-resident, non-Canadian owned residential vacant or underused real estate.
Legislation & Regulations
How will the new mortgage stress test rules impact Metro Vancouver real estate?
Tuesday, June 1, 2021
The new rules will dampen mortgage credit growth, but should have a modest effect on home sales and prices in the region going forward.