Government News

BC Budget 2018 changes to Property Transfer Tax that come into effect on February 21, 2018

Posted on Feb 21, 2018 in Government News

Below is a summary of the key real estate measures announced.

Affordable housing
  • The province is investing $6 billion in affordable housing to create 114,000 homes over the next 10 years.
  • The province will enhance local government capacity to build and retain affordable housing.
  • The province will require developers to collect and report comprehensive i...

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BC Home Partnership Program Benefits First Time Home Buyers

Posted on Apr 05, 2017 in Government News

First time home buyers who meet eligibility requirements for . . . 

BC’s new Home Partnership Program, (BC HOME Partnership) may initiate online applications on January 16, 2017 for purchases that will close on February 15th or after. This incentive was announced by Christy Clark in December 2016 in an effort to enable approximately 42,000 household...

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Immigration & citizenship into Canada

Posted on Mar 19, 2017 in Government News

Apply to visit, study, work or immigrate to Canada, apply for citizenship, a permanent resident card.

Helpful Government Resources 

  • For new immigrants - Find out what immigration programs you can apply for, sponsor your family, get tips to recognize fraud, and use a representative: Find out more here
  • Apply to work in Canada - Apply for or extend a wor...

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Tax tips for real estate investors

Posted on Mar 19, 2017 in Government News

Not your principal residence?
Capital gains tax applies when you sell a taxable investment like rental property that you don’t live in for a higher price than what you paid for it. However not your entire profit is subject to the tax.

If you are selling a property that you were once living in and then rented out, then there are a whole different set...

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LUC - Land Use Contracts: Surrey, North Delta, Abbotsford,Richmond,Abbotsford

Posted on Mar 16, 2017 in Government News

Frequently asked questions answered by an expert:

Q: what is an LUC ? 
A: A land use contract (LUC) is a contract between a property owner and a local government that governs the use and development of the property such as land use, building siting and density.
Provincial legislation enabling LUCs was in effect for a short p...

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Renovation Tax Credits for Seniors & Disabled Persons

Posted on Mar 01, 2017 in Government News

The Home Renovation Tax Credit for Seniors and Persons with Disabilities assists eligible individuals 65 and over and persons with disabilities with the cost of certain permanent home renovations to improve accessibility or be more functional or mobile at home.

The program for seniors (and family members living with seniors) started April 1, 2012. E...

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