B.C. INTRODUCES RETROACTIVE PROVINCIAL NOMINEE PROGRAM (B.C. PNP) EXEMPTION TO METRO VANCOUVER’S 15% FOREIGN BUYERS TAX

Foreign nationals who hold a nomination certificate under British Columbia’s Provincial Nominee Program are now exempt from Metro Vancouver’s 15% Foreign Buyers Tax. The announcement made by Premier Christy Clark on March 17, 2017, is intended to encourage skilled workers, particularly those working in British Columbia’s expanding technology industry, to make the province home. In [...]

By | 2017-07-10T14:33:54+00:00 May 31st, 2017|Real Estate|

B.C.’S HOME OWNER GRANT: PRINCIPAL RESIDENCES VALUED AT $1.6 MILLION OR LESS MAY NOW BE ELIGIBLE

Changes to B.C.’s Home Owner Grant, which reduces the amount of property taxes payable on principal residences throughout the province, have been introduced in response to rising property assessment values. The threshold for home values eligible for the Home Owner Grant has been raised to $1.6 million, a 33% increase from the previous level of [...]

By | 2017-06-01T11:01:54+00:00 February 10th, 2017|Real Estate|

B.C. to Introduce Exemption to 15% Foreign Buyers Tax for Individuals with Work Permits

The Premier of British Columbia Christy Clark has announced that the provincial government is “going to lift the foreign owners’ tax on people who have work permits, who are paying taxes and living in British Columbia”. Following the recent implementation of an additional 15% property transfer tax on all purchases by foreign entities (including foreign [...]

By | 2017-06-01T11:02:09+00:00 February 2nd, 2017|Real Estate|

Breaking into British Columbia’s Real Estate Market with the Use of a Co-Ownership Agreement

Breaking into British Columbia’s Real Estate Market with the Use of a Co-Ownership Agreement It seems that the goal of owning a piece of property in British Columbia is becoming more and more unattainable each time we read a news story. The headlines emphasize the growing number of barriers that are preventing individuals from investing [...]

By | 2017-06-01T11:06:55+00:00 September 8th, 2016|Real Estate|