February 2018

BC Budget 2018

Posted on Feb 14, 2018



The BC Budget announcement on Feb 21, 2018 at a glance.  

ADDITIONAL PROPERTY TAX FOR FOREIGN ENTITIES AND TAXABLE TRUSTEES

  1. Has gone from 15% to 20%, effective February 21st, 2018.
  2. Contracts written before Feb. 20, 2018 with a closing on or before May, 2018 are exempted, but only for Capital Regional District, Fraser Valley Regional District, Regional D...

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PTT and GST for New Homes and First Time Home Buyers:

Posted on Feb 07, 2018



Hello dear friends and family. I get asked about “PTT and GST for New Homes and First Time Home Buyers” quite often, so I wanted to write a quick summary about them and the requirement for exemption.

GST is on new homes only and calculated as 5% on Purchase Price, with rebate of 36% of GST on homes less than $350,000, and partial rebate on homes bet...

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GDSR and TDSR

Posted on Feb 01, 2018


Since I normally post once a week but this time took me 2 weeks to post, I'm going to discuss about another important Real Estate Topic, known as GDSR and TDSR.

Mortgage rates and affordability seems to be a hot topic of the real estate industry followers, specially the buyers these days. I’m sure you all know the following terminologies and how the...

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