Exploring BC’s Home Flipping Tax and Its Effects on the Housing Market
Posted on Jul 18, 2024
British Columbia has introduced the BC Home Flipping Tax, a significant measure aimed at addressing rapid turnover in the residential property market. This new tax applies a 20% levy on profits from the sale of a home within one year of purchase, with the rate decreasing for sales made within two years. This tax complements existing federal and pro...
Vancouver Real Estate - Understanding Your Mortgage Options
Posted on Jul 01, 2024
In Vancouver’s dynamic real estate market, securing a mortgage is a crucial step toward homeownership. A mortgage is more than just a loan; it’s a secured agreement that enables you to finance your home purchase with a lender's assistance. This legal contract outlines loan specifics and grants the lender the right to claim your property if you defa...