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Landlords expect more rentals after speculation tax hits

Landlords expect more rentals after speculation tax hits

The head of LandlordBC expects some homeowners will start renting out their properties to avoid the province’s new speculation tax, but says it’s too soon to estimate the extent of its impact.

B.C. home buyer confidence damaged by new tax measures, says poll

If one goal of the B.C. government’s new housing taxation policies was to cool home sales in the province, it has likely succeeded, if the results of a new poll of real estate agents are anything to go by.
Vast Surrey villa re-listed for $28.8M, 10 times assessed value (PHOTOS)

Vast Surrey villa re-listed for $28.8M, 10 times assessed value (PHOTOS)

This massive, resort-style “Tuscan villa” in Surrey raised eyebrows and hit media headlines last summer with its record-breaking listing price of $28 million, 10 times its assessed value – later adjusted to $26 million and did not sell at the time.
‘Concerns remain’ over tweaked B.C. speculation tax

‘Concerns remain’ over tweaked B.C. speculation tax

Changes to the proposed B.C. speculation tax , announced by finance minister Carole James yesterday following a backlash from owners, have been broadly welcomed – but do not go far enough, according to industry groups.
Rents fall in Canada’s priciest cities – even Metro Vancouver

Rents fall in Canada’s priciest cities – even Metro Vancouver

A decline in Toronto’s rental prices may have put Vancouver back on top as Canada’s priciest city for one-bedroom rents, but prices have declined in all the top five most expensive rental cities.
Richmond council sends issue of ALR home sizes back to city staff

Richmond council sends issue of ALR home sizes back to city staff

It’s the debate that never seems to end in Richmond: what to do with home sizes on the ALR. Monday night’s council meeting further proved just how complicated the topic is, as councillors voted to refer the issue back to staff for additional review.
Province scales back speculation tax, cuts rate for B.C. residents

Province scales back speculation tax, cuts rate for B.C. residents

Under changes to the proposed speculation tax, B.C. residents will now only have to pay 0.5 per cent a year on second homes valued at $400,000 or above, finance minister Carole James announced in a media conference March 26. The tax will apply to B.
Richmond planning committee evenly split on new ALR home size limits

Richmond planning committee evenly split on new ALR home size limits

The pressure is on for Richmond city council to make a decision on home sizes on the ALR next week, after a planning committee meeting ended in a three-three tie vote over the issue.
Premier promises update to speculation tax in 'days ahead'

Premier promises update to speculation tax in 'days ahead'

The B.C. NDP government is responding to the backlash from B.C. home owners against the speculation tax, and will have an update on its details within days, Premier John Horgan announced March 21.
Numbered companies lose 10 townhouses in Richmond

Numbered companies lose 10 townhouses in Richmond

Development went belly-up and investor tried to sue for damages