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Taxes
Property taxes 101
Monday, June 5, 2023
Property taxes 101
Save money on your prooperty taxes with the Home Owner Grant. The threshold has recently increased. (3 minute read)
Legislation & Regulations
REBGV recommends policy changes to improve housing affordability and availability in BC
Thursday, June 1, 2023
REBGV recommends policy changes to improve housing affordability and availability in BC
Read about the three tax-related recommendations REBGV made to the provincial government to ease housing. (3 minute read)
Legislation & Regulations
New exemptions to strata age restriction bylaws
Wednesday, May 10, 2023
New exemptions to strata age restriction bylaws
The new exemptions include future children, dependents, and spouses/partners. (1 minute read)
Legislation & Regulations
Federal foreign buyer ban coming in January 2023
Friday, March 31, 2023
Federal foreign buyer ban coming in January 2023
The federal government’s ban on new foreign ownership of residential property becomes law on January 1, 2023. Here's what you need to know. (3 minute read)
Legislation & Regulations
The effect of flood mapping and floods on housing prices
Tuesday, February 28, 2023
The effect of flood mapping and floods on housing prices
Floodplain mapping can help assess risk and better understand a home's value. (3 minute read)
Legislation & Regulations
Better protection for strata property owners coming in November
Friday, February 3, 2023
Better protection for strata property owners coming in November
Amendments to the Strata Property Act that increase contingency reserve fund minimums are coming November 1, 2023. (2 minute read)
Legislation & Regulations
BC government introduces “cooling off” period for home sales
Tuesday, December 6, 2022
BC government introduces “cooling off” period for home sales
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)
Legislation & Regulations
Supreme Court of Canada clarifies, expands principles of expropriation
Wednesday, November 16, 2022
Supreme Court of Canada clarifies, expands principles of expropriation
A recent decision has clarified the test for constructive taking and expropriation by regulation. (5 minute read)
Editorial
REBGV brings on Andrew Lis as new economist
Tuesday, July 19, 2022
REBGV brings on Andrew Lis as new economist
Andrew is an applied economist and data scientist specializing in real estate and urban land economics with experience in the public and private sectors. (1 minute read)
Legislation & Regulations
BC REALTORS® offer 30 policy recommendations to province to improve BC real estate
Thursday, March 31, 2022
BC REALTORS® offer 30 policy recommendations to province to improve BC real estate
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
What’s in BC Budget 2022 for homebuyers and owners?
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
No SVT exemption for owners of vacant stratas
Owners of strata property in buildings with rental restrictions are no longer exempt from the BC Speculation and Vacancy Tax. (1 minute read)
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