Prospective home buyers remain on the sidelines in March. Holding pattern continues according to the REBGC stats. In March Metro Vancouver home sales dropped to the lowest levels seen in more than three decades. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,727 in March 2019,…
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Buyers Hold the Power in This Market...Why? Here's the thing, we've got people wondering...is it a buyer's market or seller's market? Well, prices have come down slightly, let's say that multiple offer situations on desirable homes is no longer the 'norm'. Homes are not selling as fast, and I'll be clear here that this is…
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What is inheritance tax? It should be noted that there is NO inheritance tax in Canada as of 1972, however a provision on capital gains was added. What CRA does is it treats the estate as a sale, unless the estate has been inherited by a living spouse or common-law partner. And of course, there…
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Attention all homeowners! Do you qualify for the home owner grant? When it comes to property taxes in Vancouver there are a myriad of things to be aware of that could qualify you for tax exemptions. We have covered in detail the new taxes that have come out in the past year regarding Speculation Tax…
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Vancouver Real Estate & Capital Gains In Vancouver Real Estate - many owners have made plenty of money on their homes or Real Estate investments. What do you owe the Government? "In simple terms, a capital gain is an increase in the value of an investment (such as stocks or shares in a mutual fund…
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Information for Foreign Sellers and the Taxes that are included... The tax rate for homeowners in Vancouver has drastically gone up over the past several years. We have another blog post which you can view here, that touches on the new Speculation Tax & Empty Homes Tax. In this post we are going to specifically…
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Tony Spagnuolo, President of Spagnuolo & Company Real Estate Lawyers explains what you should look for when reading a title search in British Columbia. How to read a Title Search “Today we're going to talk about how to read a title search, what the information is that's on there that's common anyway, we're going to…
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Reading Strata Docs Continued... Let's continue on where we left off. Reading strata docs can be challenging and hopefully this information will help to guide you smoothly through this process to ensure that you are making an informed decision when buying a condo. Title Search Next up we have title searches, they're pretty hard to…
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Reading Strata Minutes and Form B Hi everyone, thanks again for tuning in. In this blog we are going to talk about strata documents and form B. This means condos, town home developments, really anything over four units, we are going to call a strata. When you are looking to buy a home you do…
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The planning process for the development of the 90-acre Jericho Lands is the subject of a pair of open houses set for early March. This large parcel of land in Jericho known as 'The Jericho Lands', was acquired over the course of several years in two large packages. In 2014, 3 First Nations partnered with…
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