n the dynamic realm of real estate, potential buyers, sellers, and investors in British Columbia must be well-versed in the intricacies of taxation to make informed decisions. Various taxes can impact real estate transactions, shaping the financial landscape for both individuals and businesses. In this blog, we will delve into the key taxes that may affect real estate transactions in British Columbia.

[NEW] Flipping Tax

Starting in 2025, the BC Home Flipping Tax is a 20 per cent tax on the gain from...

Buying a home is a significant milestone in one's life, and it often comes with a list of resolutions to make the process smoother and more successful. Here are some New Year's resolutions for home buyers:

1. Save for a down payment: Start the year off by creating a budget and setting aside money specifically for a down payment. This will help you reach your goal faster and make the home buying process more manageable.

2. Improve your credit score: Your credit score plays a crucial role in the mortgage...

The "leaky condo" crisis in British Columbia refers to a period from 1984 - 1999 when numerous multi-unit residential buildings experienced widespread water ingress and building envelope failures, resulting in extensive damages and costly repairs. As a result of this crisis, significant changes were made to the British Columbia Building Code (BCBC) to address the issues and improve building standards. Some of the changes made to the BCBC following the leaky condo disaster include:

1. Building Envelope...

In recent times, Canadian homebuyers have demonstrated a growing fascination with the idea of acquiring pre-construction properties as a refreshing alternative to the conventional resale transactions. While historically, pre-construction properties were primarily snatched up by investors, this trend has now become equally enticing for end-user buyers who cherish the prospect of owning a brand-new home and the flexibility to await its completion.

One of the most significant advantages of pre-construction...

When it comes to determining the value of your home, it's important to separate fact from fiction. Many homeowners have misconceptions about what truly influences their property's value. While some factors might seem like logical indicators of a home's worth, they often have little to no bearing on the actual market value. In this blog post, we'll delve into some common misconceptions about home value and shed light on what truly matters in the real estate market.

1. The Amount You Need to Buy Your...

Owning a home is a significant milestone that many people aspire to achieve. The decision to transition from renting to homeownership is not to be taken lightly, as it comes with both financial and emotional implications. If you find yourself contemplating this monumental step, here are some compelling reasons why purchasing a home might be the right move for you.

1. To Stop Renting: The End of Endless Rent Payments

One of the most common motivations for purchasing a home is the desire to put an end...

Are you in the market to buy a home in British Columbia? If you're considering purchasing a home that was built prior to 1980, there are some important things you should be aware of. Homes built before this time period may have unique features and potential issues that you need to consider before making a decision. In this blog, we'll explore some key factors that home buyers should be aware of when buying a home in BC that was built prior to 1980.

1. Building Codes and Regulations: Building codes and...

Viva just released its final homes for sale. Located in Sullivan Ridge, once of the most desirable residential neighbourhoods in Surrey. Conveniently located 35 minutes from Burnaby, 35 minutes to Richmond, 30 minutes to Langley and 20 minutes to the USA border.  A commuters dream close to schools, restaurants, transit and just 4 blocks to Sullivan Square shopping centre.

Viva features a beautifully landscaped courtyard and has a selection of Studio, I bedroom and junior 2 bedroom suites...

Sold over asking ~ 1003 sqft top-floor two-bedroom, two-bathroom condo at the REGENCY TERRACE. A bright northeast facing, corner unit in the heart of Langley City Centre with expansive windows, an extra-large wrap around deck, great for soaking up the views and features a cozy kitchen with pantry, gas fireplace, and separated bedrooms. Building amenities include a recreation room and fitness centre. Conveniently located overlooking Linwood Park with playground and dog...

The ultimate adult lifestyle, South Surrey! This stunning bright 2 bed + den boasts one of the largest units in the complex & has been fully updated to perfection! You'll love the maple hardwood flooring, custom window coverings, crown molding, cozy fireplace, large formal dining area & an amazing kitchen complete w/ updated cabinetry, quartz counters, & stainless steel appliances. King-sized primary bedroom features a generous ensuite w/ a double vanity, glass shower, & soaker tub,...

Home inspectors will walk you through the home, show you where to locate the main water shut off valve and what to do in an emergency.

Ensuring that everyone in your household knows the location of the main water shut-off valve and how to operate it is crucial. Water leaks can happen at any time, and there have been instances when parents are away from home during such emergencies. To prevent extensive water damage, it's essential to show your teenagers, babysitters, and house sitters the location...

Depreciation Reports or Reserve Fund Studies are a useful tool that enable strata corporations to better plan for future repair and/or replacement, and maintenance of common property and common assets over the life of the assets. 

Special levies are a fact of life when buying into a strata, you will never completely avoid it. As an owner you should view these as an investment in the maintenance and of your home. However no one wants to purchase a home and immediately be saddled with...