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Government Announces New National Housing Measures

Posted October 8th, 2016 at 7:01 am by Aaron Nicklen |   0 Comments

Government Announces New National Housing Measures

In the wake of red-hot real estate markets, growing household debt, and concern around foreign buyers, the Federal Government is taking a proactive approach to address the issues and protect the nation’s housing industry. On October 3, Finance Minister Bill Morneau announced three new measures aimed to ensure the Canadian housing market remains stable. These […]

Breaking It Down: A Quick Guide to Understanding the New 15% Foreign Ownership Tax

Posted August 18th, 2016 at 6:58 pm by Aaron Nicklen |   0 Comments

Breaking It Down: A Quick Guide to Understanding the New 15% Foreign Ownership Tax

Breaking It Down: A Quick Guide to Understanding the New 15% Foreign Ownership Tax As of August 2, 2016, the Government of British Columbia (BC) has implemented an additional property transfer tax (PTT) of 15% on all residential property transfers to foreign buyers in the Greater Vancouver Regional District. So, if you’re a foreign national […]