The BC Home Flipping Tax, introduced under the Residential Property (Short-Term Holding) Profit Tax Act, came into effect on January 1, 2025. This tax applies to profits made from the sale of properties owned for less than 730 days and is designed to discourage speculative property sales, supporting long-term housing stability in British Columbia. This tax is distinct from federal property flipping […]
30 Year, Insured, Amortizations Are Back…
…however, there’s some caveats to that.To get a 30-year insured amortization:
Property transfer tax changes
The following changes were announced to the Property Transfer Tax Act: