COVID-19 Update: information for landlords

30 Mar

What Landlords Need to Know During COVID-19 pandemic The global market has frozen. Trade has halted as countries close their borders and are taking drastic measures to manage and combat the disease amongst their population. The economic effect has been immense with global supply chains ceased, businesses shuttered as customers are homebound, and repercussive squeezes in the labour market as…

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19 Mar

New-housing construction is expected to decline for the next two years according to the report prepared by the research firm Altus Group.  The decrease is influenced by the higher interest rates, new tax measures and a slowing economy. According to Vancouver Sun the report estimates that housing starts in B.C. will fall to 37,475 units in 2019 and further to 36,925 in…

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11 Mar

According to Vancouver Sun some of the multi-million dollar homes in Vancouver have been rented for a relatively cheap price as a result of the empty home tax. Read a full article how Speculation, Vacancy, and Empty Home Tax influence a drop in a rental price here. See also: Exempt From the Speculation Tax Declaration Resource: Vancouver Sun Rate This Post

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Exempt From The Speculation Tax Declaration

03 Feb

The purpose-built rental buildings are excluded from the definition of residential property under the Speculation and Vacancy Tax Act, and exempt from the tax. But the owners still need to file a one-time declaration for the exemption. The deadline to file for the exemption is March 31, 2019. Learn more about the update at LandlordBC website or visit speculation and vacancy tax website. Rate…

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25 Jun

Property tax is due this July 2018. The important dates for your property taxes depend on where your property is located: Tuesday, July 3, 2018 Richmond Whistler Surrey Coquitlam New Westminster Tsawwassen Port Coquitlam Port Moody Langley Wednesday, July 4, 2018 Vancouver Burnaby If you do not pay your taxes and any late-payment penalties in the current tax year, your…

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Vancouver rents stop growing…

12 Jun

Vancouver rents stop growing, listings spike amid new taxes and renter protections: data The cost to rent a unit across Vancouver hasn’t exactly dropped, but it hasn’t grown much over the past three months, either. The latest report shows that rent prices have “flatlined since March” for most types of rental units. Click here to read more. Rate This Post

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Everything You Want On A Silver Platter At Epic At West

27 May

Ever dreamed of living in a place that communes you to both nature and contemporary lifestyle? The buzz is on at Epic at West being the latest development at the side of breathtaking Vancouver, Southeast False Creek, that bringing everything you need for a lifestyle upgrade and vibrant, endless possibilities. Rate This Post

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New Tax Law For Canadians With BC Vacation Homes

10 Mar

Early this year, British Columbia rolled out a new property tax. But this property tax isn’t singling out the local BC population, but actually out-of-province owners instead. Indeed, the government plans to tax vacation homes where the government is expected to send big bills to those properties. The reason this has come about was due to this years budget. Specifically…

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