January 2019

How to Apply for the BC Speculation & Vacancy Tax Exemption

Posted on Jan 20, 2019 in Homeowner Tips

What is the BC Speculation & Vacancy Tax?

The BC Speculation & Vacancy Tax was implemented by the Provencal Government to help tackle the hot housing markets in major urban centres (see list below). The new annual tax, which targets foreign and domestic speculators who own property in BC but do not pay taxes here, will raise revenue for affordable h...

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December’s Residential Market Poses No Surprises

Posted on Jan 04, 2019 in Market Statistics

Residential sales posted to the Multiple Listing Service (MLS®) for the Peachland to Revelstoke region declined to 324 in December, a 29% decrease from both the previous month and this time last year. 

“No surprise, the market is doing what it tends to do this time of year with all indicators pointing to a generalized slow-down,” says OMREB President...

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