Taxes can be a difficult financial barrier when considering the purchase of your first home. But recently the provincial government announced changes to the Property Transfer Tax (PTT) that could make this easier!
If you’re in the market for a new home or recently purchased one in British Columbia, you’ve likely heard about new home warranty insurance — also called the 2-5-10 warranty, third-party warranty or mandatory warranty.
The clock is ticking down on the BC First-Time New Home Buyers’ Bonus.
For almost 25 years, I have been involved in the development community and have witnessed the change that Metro Vancouver has experienced over the last few decades. We’ve evolved and grown into a mature and confident city, one that has earned us the moniker “the best place to live”.
April 1, 2013 marked the official switch back to GST/PST away from HST. For most industries, the change is immediate and you should have already seen a difference in your bills and receipts. For new housing however, it is a bit more complicated and can be confusing. Here are the basics:
Each week the MAC team decides what our weekly blog should address in the real estate world. We write about what we think is important at the time and hopefully to you. For example, when the HST transition rules were finally announced we wrote a brief summary of what it meant to you (e.g.
Just when we got comfortable working with HST we now must navigate the waters back to GST/PST. The past few weeks have been interesting as lawyers, accountants and the rest of us try to make sense of the transition rules back to GST/PST and how it affects each of us individually.
Whether you are already a homeowner, or looking to purchase your first home, understanding how your property is assessed and taxed is an important aspect of home ownership.
Recently it was reported that our new Premier, Christy Clark, is interested in eliminating the Property Transfer Tax. It seems as though not everyone is in agreement as refuted by Minister Rich Coleman.
How plans for this summer’s referendum could change things again. Maybe for the better.