Category: Uncategorized
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Bc’s New Home-Flipping Tax: A Shot in the Dark?
BC introduces a 20% tax on profits from homes flipped within 2-yr. Tax starts at 20% for homes sold within 365 days, ↓ to zero by 730 days.
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20K Affordable Homes by 2032: BC’s $19B Plan
BC plans to invest $19B in housing, aiming for 20K affordable rental homes by 2032.Vancouver has built only 11 of the 1.5K below-market units required by the end of Q3.
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BC Housing Starts Decline
New housing starts in BC decline in 2024 before rebounding in 2025-2026. Vacancy rates will remain low in Greater Vancouver and Greater Victoria.
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BC NDP’s Secondary Suite Initiative Faces Skepticism
BC NDP's new program offers homeowners $40K loans for building rental suites below market rates. The rents are set by the province, based on the community.
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Happy Canada Day
To all Canadians around the world, a very happy Canada Day to you all. This day commemorates the unification of the three North American British colonies. Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths. So let’s pour our hearts…
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B.C. businesses challenging new short-term rental rules
Arguments started in a legal challenge to new provincial short-term rental rules at Victoria Law Courts. Property owners seek to allow pre-legislation businesses to continue renting units. Premier Eby aims to prevent homes from becoming hotels. The lawsuit demands a declaration that the rules cannot be enforced retroactively. The case involves property rights group and…
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Federal Budget’s Impact on British Columbians
British Columbians face some of the highest housing prices in Canada. The federal budget's heavy focus on housing is generally seen as positive by economists.
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B.C. Restricts Short-Term Rentals to Boost Housing Supply
British Columbia is cracking down on short-term rentals (Airbnb, VRBO) to free up housing for residents.
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BC Reveals Housing Targets
BC government announces 20 municipalities to receive housing targets. Abbotsford, Delta, and Kamloops are among the members of the first group
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Coquitlam council disapprovingly approves new housing legislation
Coquitlam council reluctantly approved Transit Oriented Areas despite concerns about provincial housing legislation. The new rules establish density in circles around transit stations, with higher density closer to transit. Council members criticized the undemocratic legislation but emphasized the need to move forward. The bylaw must be approved by June 30 to avoid provincial intervention. The…