BC Government Announced That It Is Cutting Next Year’s Allowable Rent Increase to 2.5%
“It’s simply not sustainable for renters, many of whom are on fixed incomes, to see their rent increase by more than inflation each and every year,” said Premier John Horgan. “We have to eliminate the risk of such huge increases to renters.” On Sept. 7th, the government announced that, based on the consumer price index […]
Read MoreImportant Dates for your Property Taxes
July 3 Deadline to pay your rural property taxes Deadline to apply for the home owner grant without late payment penalties Deadline to apply to defer your property taxes without late payment penalties Deadline to apply for the Farm Extension Program July 4 A 5% penalty is applied to your unpaid account balance, including any unclaimed home owner grant […]
Read MoreVancouver’s Short-Term Rental Bylaws Take Effect April 19
Regulations for short-term rentals approved by the City of Vancouver in November will take effect April 19, 2018. Under the policy, short-term rentals of a secondary suite or laneway house will only be allowed if the property is the owner’s principal residence or if it is rented long-term, and the tenant wishes to operate a short-term rental, with approval of […]
Read MoreBC Speculation Tax: Here’s What you Need to Know
On Monday, the provincial government announced it is making some changes to the speculation tax, which was first announced last month as part of the budget. The government expects to introduce legislation in the fall to make the tax part of law and they say 99 per cent of British Columbians will be exempt […]
Read MoreTens of Thousands of Children are Going Hungry in Our Communities
Everyday, tens of thousands of children are going hungry in our communities. While school breakfast, lunch and snack programs are actively addressing this crisis, the weekend remains a difficult time for many families. We know that when a child is given a Backpack Buddy on Friday afternoon that’s full of meals and snacks for the […]
Read More
The Nitty Gritty on The 2018 BC Budget
Here is what we know of today’s provincial budget as it relates to real estate: The foreign buyers tax goes to 20%, effective tomorrow, and is now applicable in Capital Regional District, Fraser Valley, Central Okanagan and Nanaimo Regional District. Property transfer tax will go from 3% to 5% on values of homes over $3,000,000.00. […]
Read More