Canada’s central bank has cut interest rates for a sixth consecutive time as inflation remains around two per cent and the threat of U.S. tariffs looms. The 25-basis point cut comes as the Bank of Canada forecasts GDP growth will strengthen in 2025 if there is no trade war with the United States.

A New Year......a new Provincial Government Rule!As of January 1, 2025 the BC Home Flipping Tax is now in effect and includes pre-sale contracts.  If the property is owned for less than 730 days this tax will apply.  It is seperate and distinct from the Property Transfer Tax.  Oh joy!

Happy New Year!Working with all of you this past year has been a privilege. Thank you for your continued loyalty and support. Wishing you and your family a healthy and prosperous 2025!  My hope and wish is that all housing will be affordable for all families and more housing will come available.

As of January 1, 2025 the BC Home Flipping Tax is now in effect.  Here's how it works:- The tax applies to income from sales of residential properties, presale contracts or assignments owned for less than 730 days (2 years).  This includes properties bought before January 1, 2025, if they are sold on or after that date and owned for less than 2 years.-  The rate is 20% for sales within the fi ...