VANCOUVER REAL ESTATE BLOG

Read more on Empty Homes Tax in the City of Vancouver
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Empty Homes Tax in the City of Vancouver

What is Empty Homes Tax? The Empty Homes Tax is a municipal tax that affects anyone who owns a Class 1 Residential Property in the City of Vancouver. It is an annual tax at a rate of 1% of a property’s assessed taxable value. According to BC Assessment, which runs real property assessments throughout the…

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Read more on What You Need to Know About Strata Insurance
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What You Need to Know About Strata Insurance

What is strata insurance? Strata insurance is the coverage provided for properties and liabilities within a strata. In accordance with the Strata Property Act, strata corporations are required to obtain and maintain property insurance and liability insurance. What does strata insurance include? Strata insurance typically includes coverage for common property, common assets, buildings shown on…

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Read more on GST on Assignments and Resales
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GST on Assignments and Resales

In Greater Vancouver Real Estate we know there are many pre-construction, pre-sale home buyers and investors alike. We also know many of these buyers see gains on their property value before the development is built and often sell which is called assigning a contract. It is very important as a Vancouver Realtor to know the…

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Read more on Stigmatized Property – What to Know About a Stigmatized Property as Sellers and Buyers
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Stigmatized Property – What to Know About a Stigmatized Property as Sellers and Buyers

What is a Stigmatized Property? A stigmatized property is one that has had an event occur that is considered a stigma or a potential stigma to buyers. Examples of a Stigmatized Property A list of potential stigmatized properties: Belief that house is haunted Death of an occupant (murder, suicide, natural causes) Divorced house Seller has…

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