📌 1. Can You Afford to Buy in Vancouver? The average home price in Metro Vancouver remains one of the highest in Canada. As of mid-2025, you’ll need at least $80K–$120K in household income and a minimum 5% down payment to get started. 💡 Tip: Consider looking in areas like East Vancouver, New Westminster, or […]
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BC Home Flipping Tax In Affect
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:
BC Home Flipping Tax
This info was originally provided by www.bcrealestatelawyers.com Tony Spagnuolo British Columbia Home Flipping Tax The B.C. Government has recently proposed a home flipping tax (the “Home Flipping Tax”) that will take effect starting January 1, 2025, subject to approval by the legislature. This tax, when passed, will apply to income from the sale of a […]
Property transfer tax changes
The following changes were announced to the Property Transfer Tax Act: