Calculating the tax on your purchase can be a difficult task. The taxing rate changed February 21, 2018, and is now as followed
Spring is a great time to put your home up for sale!
Good news if you have a cabin on the west side of Pitt Lake/Widgeon Creek
The new tax in British Columbia – Speculation Tax
In 2018 the tax rate is based off 0.5% of the assessed value. In 2019 the tax rate changes and gets more complicated.
Canadian Citizens in 2019 who are subject to the tax will pay 1% tax on assessed value. Non-Canadian will have to pay 2% of the assessed value.
Brand awareness matters. It determines what neighbours recommend to one another, the name consumers enter into search engines, and who people trust as their guide when making big life decisions – such as buying or selling a home. Which is why when a study shows RE/MAX is the real estate brand that comes to mind most, it’s a big deal.
Daniel Warren 778-938-8577
Rachel Sadri 604-349-6736
Glenn Warren 604-250-6868
Brand new condition home with 2 bedroom laneway! 33 x 138.5 Lot. This home shows like new in excellent condition. Rare 4 bedrooms upstairs with nice gas fireplace in living room. Crown mouldings, granite countertops, maple wood cabinets, HRV & alarm system, security camera. 3 bedrooms down + den. One 2 bedroom suite downstairs + separate potential 1 bedroom + den suite. Total 3 Kitchens + separate entrance for each suite. Private laundry for upstairs. Shared tenant laundry. Laneway has own laundry and 2 bedrooms. Single car garage for owners use. Excellent location 3 blocks from Joyce Skytrain and close to Sir Wilfred Grenfell Elementary.
Metro Vancouver home sales in 2018 were at the lowest annual total in the region since 2000. Sales of condos totaled 535 in December 2018, a 34% decrease compared to 1,028 sales in December 2017. The benchmark price of a condo is $664,100 which is .6% less than November 2018.
The market is changing.
Here are some interesting changes affecting our market ;