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Taxes
Vancouver small businesses have until March 31 to apply for new property tax relief
Thursday, March 9, 2023
Vancouver small businesses have until March 31 to apply for new property tax relief
Vancouver based businesses could be taxed at a rate 50 per cent lower than the city’s usual general purpose tax rate. (2 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)
Taxes
Speculation and Vacancy Tax declaration period now open
Friday, February 3, 2023
Speculation and Vacancy Tax declaration period now open
All property owners in taxable regions must declare by March 31. (1 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
Federal foreign buyer ban coming in January 2023
Tuesday, December 20, 2022
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
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)
Taxes
Property taxes 101
Friday, June 3, 2022
Property taxes 101
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.
Market Trends
MLS® Home Price Index updated to better reflect current housing trends
Wednesday, June 1, 2022
MLS® Home Price Index updated to better reflect current housing trends
The MLS® HPI was updated to better reflect what a typical home looks like in a community. (3 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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