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British Columbia

Province scales back speculation tax, cuts rate for B.C. residents

Province scales back speculation tax, cuts rate for B.C. residents

Under changes to the proposed speculation tax, B.C. residents will now only have to pay 0.5 per cent a year on second homes valued at $400,000 or above, finance minister Carole James announced in a media conference March 26. The tax will apply to B.
Sunshine Coast needs foreign buyers tax, MLA says

Sunshine Coast needs foreign buyers tax, MLA says

"Is everybody going to suddenly come to the Sunshine Coast because they don’t have to pay the 20 per cent?”
Supreme Court approves permits on massive Gibsons development

Supreme Court approves permits on massive Gibsons development

A BC Supreme Court justice has ruled that development permits issued for the George Hotel and Residences project in Gibsons were issued properly and the developer should be allowed to act on them.
Prices paid for office strata defy logic

Prices paid for office strata defy logic

Deals for Metro properties disconnected from potential income, industry insider says
Premier promises update to speculation tax in 'days ahead'

Premier promises update to speculation tax in 'days ahead'

The B.C. NDP government is responding to the backlash from B.C. home owners against the speculation tax, and will have an update on its details within days, Premier John Horgan announced March 21.
B.C. commercial real estate investment up 83% year-over-year

B.C. commercial real estate investment up 83% year-over-year

Real estate sales over $5 million hit a new dollar volume high in 2017, led by institutional buyer demand
West Vancouver braces for school property tax hike

West Vancouver braces for school property tax hike

Mayor criticizes new tax that will add $50 million to provincial coffers
Leasing activity up across all Western Canada office markets

Leasing activity up across all Western Canada office markets

Lease rates in Vancouver top $30 per square foot, while Calgary faces compressed rates from falling demand
Canada’s 'top-tier' detached home buyers shifting sights to Montréal

Canada’s 'top-tier' detached home buyers shifting sights to Montréal

Metro Vancouver’s detached market seeing slowdown while Québec’s metropolis sees $1 million-plus real estate boom, finds report
West Vancouver council looking to curb monster mansions

West Vancouver council looking to curb monster mansions

The City has voted to establish a new citizens' working group to help guide council into policy changes that will limit massive home sizes