Update on BC’s New “Flipping Tax”
Beginning January 1st, 2025 (subject to legislative approval) the proposed BC Home Flipping Tax period will extend to twenty four months, with some caveats and exemptions which may reduce or…
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April 2024 Market Update
“How’s the market?” That depends very much on what you’re selling, or what you’re buying. There is a wide spectrum of market activity in the Okanagan, largely dependant on price…
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UPDATE ON BC’s PROPERTY TRANSFER TAX
Relief for some BC homebuyers One of the largest costs of purchasing any property in BC is Property Transfer Tax (PTT). With very few and specific exceptions, this is an…
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FIRST TIME HOMEBUYERS
Up to now, first time homebuyers in BC would be eligible for a full rebate of the Property Transfer Tax if the purchase price of their new home was under…
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NEW CONSTRUCTION
Up to now there has been a full PTT rebate available on any new build property, usually a condo or a townhouse, up to $750,000. Moving forward this limit will…
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