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B.C. Court of Appeal Upholds $6M Foreign Buyers’ Tax Assessment in Property Dispute

B.C. Court of Appeal Upholds $6M Foreign Buyers’ Tax Assessment in Property Dispute

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...
BC Home Flipping Tax is Now in Effect—Here’s What You Need to Know

BC Home Flipping Tax is Now in Effect—Here’s What You Need to Know

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....
Metro Vancouver Property Assessments Released: What Homeowners Need to Know

Metro Vancouver Property Assessments Released: What Homeowners Need to Know

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 a...
Metro Vancouver Real Estate Surges in October Amid Lower Mortgage Rates

Metro Vancouver Real Estate Surges in October Amid Lower Mortgage Rates

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...
Metro Vancouver Real Estate Market Sees Growth in Inventory

Metro Vancouver Real Estate Market Sees Growth in Inventory

by clarkwoods | Oct 10, 2024 | Real Estate

Home sales across the Metro Vancouver real estate market slowed in September 2024, registering a 3.8% year-over-year decline as the region’s housing market continues to feel the impact of high borrowing costs.  According to data from Greater Vancouver Realtors (GVR),...
Metro Vancouver Real Estate Market Sees Home Sales Slump in August

Metro Vancouver Real Estate Market Sees Home Sales Slump in August

by clarkwoods | Sep 19, 2024 | Real Estate

The Metro Vancouver real estate market continued to lag in August 2024, falling well below the ten-year seasonal average as high borrowing costs kept potential buyers at bay. According to the Greater Vancouver REALTORS (GVR), residential sales totaled 1,904 for the...
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  • Clark Woods LLP Welcomes Two New Family Law Lawyers to Our Team

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