Compare Listings

Will you be affected by the new speculation and vacancy tax?

Will you be affected by the new speculation and vacancy tax?

BC is implementing a speculation and vacancy tax that will apply to those who own second and vacant homes in applicable areas of B.C.

Anyone who owns a home that is not their primary residence, and that is not rented out at least six months of the year, on December 31 of each taxation year, is liable for the tax for that year. The tax only applies in certain areas.

It will be up to all homeowners to apply for exemptions, with a deadline of March 31.

img

introtech

Related posts

Should You Sell First and Buy Later? Or Vice-Versa?

When you’re thinking of selling your home and buying another, you face the inevitable question:...

Continue reading
by introtech

Will the neighbourhood go up in value?

Will the neighbourhood go up in value?  When you purchase a home, you’re hoping it will...

Continue reading
by introtech

The “3 Up” Strategy for Selling Your Home Quickly.

There are many reasons why you may need to sell your home quickly: a sudden job relocation; a...

Continue reading
by introtech