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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)
Legislation & Regulations
Metro Vancouver regulates wood burning fireplaces and stoves
Monday, February 14, 2022
Metro Vancouver regulates wood burning fireplaces and stoves
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
How many homes paid BC Vacancy and Speculation Tax in your community?
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
REBGV makes three recommendations to BC government to help make homes more affordable
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
Federal government plans unused housing tax
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.
Working with a REALTOR®
What’s the Disclosure form that REALTORS® are asking you to sign?
Tuesday, August 17, 2021
What’s the Disclosure form that REALTORS® are asking you to sign?
Having professional representation is important when you’re looking to buy or sell a home. Realtors are required to inform you, up front, about your representation options. This is what the DORTS is for.
Working with a REALTOR®
COVID-19 safety protocols for REALTORS® remain in place for now
Friday, June 18, 2021
COVID-19 safety protocols for REALTORS® remain in place for now
For the time being, current pandemic safety practices for Realtors and their clients haven't changed.
Legislation & Regulations
How will the new mortgage stress test rules impact Metro Vancouver real estate?
Tuesday, June 1, 2021
How will the new mortgage stress test rules impact Metro Vancouver real estate?
The new rules will dampen mortgage credit growth, but should have a modest effect on home sales and prices in the region going forward.
Legislation & Regulations
Speculation and vacancy tax relief for non-existent homes
Wednesday, May 26, 2021
Speculation and vacancy tax relief for non-existent homes
The provincial speculation and vacancy tax applies to airspace above buildings classed as residential. The government will temporarily remove this tax for one year.
Taxes
What are the tax implications of building a laneway house?
Thursday, April 8, 2021
What are the tax implications of building a laneway house?
Before building a laneway home or buying a property with one, you should understand the tax implications of doing so.
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