by Gary McKenna | Apr 17, 2025 | News, Real Estate
Real Estate Firm Challenged Designation as a “Foreign Entity” Under B.C.’s Property Transfer Tax Act A Metro Vancouver real estate company has lost its appeal against a $6 million tax assessment, after the B.C. Court of Appeal upheld the provincial...
by clarkwoods | Feb 24, 2025 | News, Real Estate
The Metro Vancouver home sales saw an active start to 2025, with a significant increase in new listings and steady buyer demand continuing from late 2024. According to Greater Vancouver REALTORS® (GVR), residential sales rose 8.8% year-over-year in January, with new...
by clarkwoods | Jan 17, 2025 | Real Estate
The BC home flipping tax is officially in force, imposing a new tax on property sales within two years of purchase. The tax applies to profits made from selling a property in British Columbia, including presale contracts, if the seller owned it for less than 730 days....
by clarkwoods | Jan 2, 2025 | Real Estate
Metro Vancouver property assessments showed mostly modest changes in home values as the market remains stable for a second consecutive year. According to BC Assessment, most homeowners can expect their property values to fluctuate between -5% and +5%, reflecting...
by clarkwoods | Nov 22, 2024 | News, Real Estate
What They Mean for Canadians in 2024 and Beyond Interest rates are falling and experts believe they could continue to fall well into 2025, providing welcome news for mortgage holders and potential homebuyers. The Bank of Canada’s recent decision to drop its...
by clarkwoods | Nov 6, 2024 | Real Estate
Buyers return as sales jump 31.9% year-over-year, fueled by rate cuts October brought a significant shift to the Metro Vancouver real estate market as home sales surged following lower mortgage rates and months of below-average activity. Residential sales in the...
