BC Home Flipping Tax: Effective January 1, 2025
As of January 1, 2025, the BC Home Flipping Tax went into effect. Anyone who sells a home within a year of purchasing it will have to pay a 20 per cent tax rate on the profit. This new tax is distinct from the existing federal property flipping tax and specifically targets short-term property sales
Radon Gas in Your Home: The Dangers & What To Do
When it comes to purchasing a home, most buyers focus on the aesthetics, location, and price. However, there are hidden dangers that can lurk beneath the surface of your dream home. One such danger is radon gas—a colorless, odorless radioactive gas that can pose significant health risks. As a prospe
Okanagan Real Estate Market Update: Nov 2024
Okanagan Real Estate Market Update: Nov 2024 Hi, Jeffrey Sefton here with your Okanagan market update. We had a bit of good news again from Bank of Canada with a lending rate cut of another half percent on December 11th. And we're looking at more attractive mortgage rates than we saw a year ago. Hop