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    effective June 1, 2023

    Term Bank Rate Our Rate
    1 Year 6.09 % 5.14 %
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    • Vancouver real estate market unfazed by foreign buyers’ tax one year later @ CBC
    • 15AUG
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      Vancouver real estate market unfazed by foreign buyers’ tax one year later @ CBC

      The foreign buyers’ tax, introduced by the previous Liberal government, has done little to improve affordability a year after it was introduced, say observers of Metro Vancouver’s real estate  market. Analysts say home prices have continued to escalate, sales are on pace with pre-tax expectations and houses are largely still out of reach for most residents. “Maybe

      • Posted by Editor
      • Educational
      • First Time Home Buyer
      • Home ownership
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    • 30JUN
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      B.C. NDP softens position on speculative real estate tax @VancouverSun

      A two-per-cent tax on speculative real-estate investment in B.C. that was a key part of the NDP’s election platform may not be a sure thing, says the party’s spokesman for housing. “Taxes are one tool, but there are other tools available to policy-makers,” David Eby said Thursday. “Taxes aren’t always the right response — there

      • Posted by Editor
      • For Realtors
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    • 04MAY
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      Five things: Comparing Ontario’s and B.C.’s 15 per cent non-resident real estate tax

      Ontario on Thursday moved to dampen red-hot home prices that have gone up more than 30 per cent in the Toronto area with a 15 per cent “non-resident speculation tax.” Chatter is focused on what Toronto may have drawn on from the way B.C. implemented its 15 per cent “additional property transfer tax” in Metro

      • Posted by Editor
      • Real Estate
      • tax
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