flipping tax on pre-sale

Posted on Mar 01, 2024

The BC Home Flipping Tax is a 20 per cent tax on the gain from sale of a home within a one-year time horizon and a pro-rated tax on sales up to within a two-year period. The tax will apply to both properties and assignments of contracts and is in addition to any existing federal or provincial income taxes incurred from the sale of the property, inc...

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What Does a Real Estate Lawyer Do ?

Posted on Feb 11, 2024

Before you start wondering how this relates to your home-buying journey, think about all the professionals you have standing behind you as you search for your dream home. Besides your real estate agent, you have a whole team helping guide you home, including a real estate lawyer.

What Does a Real Estate Lawyer Do for the Buyer?

Buying a home is likel...

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Is Airbnb Really Causing the Housing Crisis?

Posted on Feb 02, 2024

The reality of the situation is that landlords generally feel safer using Airbnb rather than rental boards like zumper.ca.
A chorus of Canadian real estate market experts and landlords suggest that these entities are a disaster for residential property owners. Critics will assert that players in the short-term rental market caused the challenges ren...

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#EastVan Duplex 1672 E 15Th Ave

Posted on Jan 26, 2024

The open floor plan with vaulted ceilings on the second floor, including large windows throughout allows natural light to flow through the home. This beautiful kitchen is the heart of the home, completed with high-end integrated appliances from Fisher & Paykel sleek finishes and a thoughtful open plan layout, this brand new 3 bed + den, 3.5 bath du...

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 The Future of Vancouver's Downtown: A Tale of Two Projects

Posted on Jan 21, 2024

As Vancouver's population continues to grow, the downtown core is experiencing a surge in high-rise developments. However, not all projects proceed as planned. In this blog post, we will explore two contrasting examples – one that faced setbacks and another in the planning stage – to shed light on the potential impacts for real estate buyers and se...

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$17 million in property taxes returned

Posted on Jan 10, 2024

Ever wonder who pays most property taxes AND whom gets highest refund ? 

City halls in BC repaid an estimated $17 million in property taxes following successful appeals of 2019 assessments.

North Vancouver District had to dig deep into its reserve funds with $ 6.8 Million refund. Seaspan appealed the assessments for a large waterfront property for th...

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