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Financial transactions related to countries identified by the FATF
Democratic People’s Republic of Korea (DPRK)
Ministerial Directive on the DPRK
Ministerial Directive on Iran
Nicaragua no longer subject to FATF’s increased monitoring process
Pakistan no longer subject to FATF’s incre…
Canada’s new anti-flipping rules for residential real estate are scheduled to come into force on Jan. 1, 2023, and are designed to “reduce speculative demand in the marketplace and help to cool excessive price growth.”
When you purchase a condo unit on the open market well in advance of the completion of the building, you will generally pay property transfer tax on the total amount you paid to acquire the property. The total amount includes any money paid for:
upgrades or additions, orany other premium for assignment of a written agreement
You may transfer the right to purchase the property to…
The B.C. government announced the expansion of areas where the speculation and vacancy tax applies.
The speculation and vacancy tax is an annual tax based on how owners use residential properties in major urban areas in B.C.
Everyone deserves an affordable place to call home, yet house prices and rent have skyrocketed out of reach for too many people. The provincial government …
The homeowner grant reduces the amount of property tax you pay for your principal residence.
The grant is available to homeowners who pay property taxes to a municipality, or to the province if they live in a rural area. If you pay your property taxes to a First Nation, contact the First Nation directly.
In this article you’ll learn about:
What to doAbout the homeowner grantRegular gra…
Following last April’s Notice about amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFR) and the Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary Penalties (PCMLTFAMP) Regulations, we wish to remind reporting entities that crowdfunding platforms and certain payment service providers are cover…
This On Wednesday July 12 2022, The bank of Canada officially announced the increase to the overnight lending rate by 1.00%.
This announcement surprised pundits who in large part were expecting a maximum increase of 0.75%. This is the biggest jump since 1998, and Canada’s banks will be increasing their prime rates in the coming weeks to 4.70%. This will impact Canadian home owner…
Read our Residential Sales Summary Report to get our Q1 2022 sales activity across BC as compared to Q4 and previous year.
Economist, Will Dunning also shares his perspective on housing market indicators affecting the real estate market across the province.
Download the report