Saturday, July 22, 2017

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...

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,...

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...

Central 1 Credit Union Predicts Further B.C. Housing Price Increases

Central 1 Credit Union recently released a new forecast which predicts that British Columbia’s red-hot real estate market may remain “robust” through 2018, despite...

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...

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...

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...

Vancouver Island Could be Next Hot Spot for Real Estate

Vancouver Island has been proclaimed “B.C.’s new housing hot spot” by Central 1 Credit Union, whose economists predict that median home prices on the...

Growing Concerns in Vancouver’s Housing Market

There have been some growing concerns about Vancouver’s real estate sector, and Canada’s national housing agency recently released a report which contains “strong evidence”...