Saturday, July 22, 2017

Condo Demand in Toronto Rivals Peak Demand in Vancouver

Recent statistics from the Toronto Real Estate Board have shown a surge in demand that actually rivals the market in metro Vancouver, particularly in...

Foreign Buyer Tax Passed by B.C. Government

B.C. Minister of Finance Mike de Jong recently approved a new fifteen-percent property transfer tax on foreigners who purchase property in Metro Vancouver in...

China’s Vancouver Consul General Criticizes Foreign Buyer Tax

Liu Fei, China’s consul general for the city of Vancouver, recently challenged British Columbia’s “hastily-imposed” foreign buyer tax measure and questioned its justification. “Why a...

Cameron Muir Claims B.C.’s Foreign Home Ownership Data is Overstated

Although new data collected by the B.C. government shows that about 20% of home-purchases in certain metro Vancouver areas are made by offshore investors,...

Concern About Loopholes in New B.C. Tax Legislation

Recently, British Columbia announced its new fifteen-percent tax on foreign buyers of residential properties in the metro Vancouver area: any buyer who is not...

Changes Ahead for B.C. Real Estate Regulation

Among British Columbia’s priorities this fall is the hiring of a new superintendent to “oversee the real estate industry,” and the Finance Ministry has...

B.C. Pledges $500 Million for Housing Affordability due to Financial Surplus

Upon forecasting a budget-surplus of about $1.94 billion for the first quarter of the 2016-17 fiscal year, the B.C. government has officially announced an...

New B.C. Tax Could Jeopardize Thousands of Deals

In just two weeks since British Columbia enacted its new foreign buyer tax on residential properties in metro Vancouver, an e-mail inquiry to 27...

How Alberta Could Benefit From B.C.’s Foreign Buyer Tax

The new 15% tax on real estate purchases by foreign buyers in Metro Vancouver went into effect August 2nd, and although it is still...

Trudeau, Federal Government in Bind Over Vancouver Tax

In Vancouver, there’s a great deal of concern that the new 15% foreign buyer tax could be, in a sense, too successful and drive...