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Update Okanagan Real Estate Market

Spring Brings Hustle to Real Estate Market KELOWNA, B.C. – May 2nd, 2019. Residential sales across the region of Revelstoke to Peachland totaled 707 in April, up from March’s 545 sales and just 5% fewer than this time last year reports the Okanagan Mainline Real Estate Board (OMREB). While spring is usually hustle and bustle,…

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The Speculation & Vacancy Tax

All owners of residential property in the designated taxable regions of B.C. must complete an annual declaration. Over 99% of British Columbians are estimated to be exempt from the tax. How the Tax Will Be Charged If You're Not Exempt The speculation and vacancy tax rate varies depending on the owner’s tax residency and whether the owner is a Canadian…

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Who is a First-Time Home Buyer?

First-Time Home Buyers Incentives In our last Blog there was an article about the new First-Time Home Buyers Incentives introduced by the Federal Government. One of our readers mentioned about who is a First-Time Home Buyer? Are you a first-time home buyer?Unless you are a person with a disability or you are helping a related person…

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Canada’s Federal Budget 

The Minister of Finance Bill Morneau presented the 2019-2020 federal budget on March 19th. Key themes include growing the economy, implementing national pharmacare, investing in the middle class, and gender equality. The much-hyped anticipation of changes to the B-20 rules affecting first-time home buyers and the millennial market didn't deliver the assistance industry professionals were…