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Real Estate News

Vancouver now ranked ‘second-least affordable’ global housing market

Vancouver now ranked ‘second-least affordable’ global housing market

Sydney moves down to third place in Demographia rankings as Australian home prices drop; Hong Kong remains least affordable
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Metro Vancouver residential price decline will bottom in 2019, then reverse: forecasters

Metro Vancouver residential price decline will bottom in 2019, then reverse: forecasters

Panel of developers predict housing trends for coming year with cautious optimism; one says single-family price correction was “necessary”
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Victoria to ask B.C. for authority to levy surtax on empty houses

Victoria to ask B.C. for authority to levy surtax on empty houses

Victoria councillors have endorsed a motion introduced by Coun.
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North Van, West Van Liberal MLAs blast 'negative option' vacancy tax form

North Van, West Van Liberal MLAs blast 'negative option' vacancy tax form

West Van MLA Ralph Sultan describes speculation and vacancy tax as "attack on wealth"
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All property owners in Speculation and Vacancy Tax regions must complete declaration

All property owners in Speculation and Vacancy Tax regions must complete declaration

Every homeowner in affected areas will get declaration letters between January 18 and February 28, and must apply for exemption or pay up
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All homeowners in Speculation and Vacancy Tax regions must complete declaration

All homeowners in Speculation and Vacancy Tax regions must complete declaration

Every homeowner in affected areas will get declaration letters between January 18 and February 28, and must apply for exemption or pay up
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James on speculation tax: ‘I think a bit of politics is going on’ ahead of Nanaimo byelection

James on speculation tax: ‘I think a bit of politics is going on’ ahead of Nanaimo byelection

B.C.’s finance minister said detractors of the government’s speculation tax exemption are “playing politics” in advance of Nanaimo’s provincial byelection. Winning the byelection is crucial for the NDP minority government’s hold on power.
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Commercial building assessments process lacks teeth: critics

Commercial building assessments process lacks teeth: critics

Veteran assessor says authority has been flying blind with little information, leading to catch-up assessments with huge value jumps
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Backlash builds over homeowner speculation-tax form

Backlash builds over homeowner speculation-tax form

The B.C. NDP is scrambling to respond to backlash over its surprise announcement that all homeowners in B.C.’s urban centres will be treated like speculators unless they fill out a tax exemption to declare otherwise.
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Not a speculator? Click here

Not a speculator? Click here

"Homeowners will file an annual tax declaration which will help tax administrators demonstrate whether owners need to pay the tax,” Finance Minister Carole James told the legislature last fall.
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