Navigating the Landscape: Understanding Real Estate Taxes in British Columbia.

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...

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BC’s Leaky Condo’s

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...

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