BC's 2024 Budget: New Housing Initiatives Benefit First Time Homebuyers, Target Speculators
In British Columbia's 2024 budget, significant housing initiatives have been introduced to support first-time homebuyers and crack down on speculators. House-Flipping Tax Starting in 2025, BC will implement a "home-flipping tax" to deter quick property sales. Sellers face a 20% tax on
December/Year-end 2023 Metro Vancouver Market Update
Metro Vancouver housing market shows resilience in 2023, ending the year in balanced territory Metro Vancouver’s housing market closed out 2023 with balanced market conditions, but the year-end totals mask a story of surprising resilience in the face of the highest borrowing costs seen in
Exploring the BC Home Buyer Rescission Period
The British Columbia Home Buyer Rescission Period (HBPR), commonly known as the "Cooling Off Period," emerged as a fresh regulatory framework in British Columbia, commencing its impact on January 3, 2023. This innovative regulation grants homebuyers a distinctive three-day timeframe to reevalua
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