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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 is…

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 grant…

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 covered…

By AleemThis 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 owners…

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

Get the answers to the most common questions about dementia.Is there a cure for Alzheimer’s disease?I always forget where I leave my keys. Does this mean I have dementia?Someone in my family has dementia. Does this mean I will get dementia too?Can a person die from dementia?Can my family doctor diagnose Alzheimer’s disease?Can I get dementia if I’m under 65?Is there a difference between Alzhe…

Money services businesses (MSBs) must fulfill specific obligations as required by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated Regulations, to help combat money laundering and terrorist activity financing in Canada.There are two types of MSBs that must fulfill obligations under the PCMLTFA: Canadian money services businesses and Foreign mo…

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is Canada’s financial intelligence unit. Its mandate is to facilitate the detection, prevention and deterrence of money laundering and the financing of terrorist activities, while ensuring the protection of personal information under its control.Read more about the topics below …All FINTRAC guidanceStrategic inte…

By Jonathan Russell Canadian Mortgage Professional MagazineSomebody other than the prospective homeowner (typically a family member or friend) will usually co-sign on a mortgage if the prospective homeowner’s credit and income are not enough for them to qualify themselves. And it works both ways. It is possible that a family member or friend will one day ask that you co-sign on a mortgage if…