Preparing for Property Taxes
Posted on Feb 26, 2025
Owning a home comes with many responsibilities, one of the most significant being property taxes. Understanding how these taxes are structured, how they relate to property assessments, and how local infrastructure affects them can help homeowners plan ahead and avoid unexpected financial burdens. In this blog, we’ll break down the key aspects of pr...
BC's New Anti-Flipping Tax: What Home Sellers Need to Know
Posted on Feb 14, 2025
Introduction to the BC Anti-Flipping Tax
As part of efforts to cool the real estate market and curb speculative buying, the British Columbia government has introduced a new Anti-Flipping Tax. This tax is designed to discourage quick property resales that drive up home prices and contribute to market instability. Effective January 1, 2025, this legis...Short Term Rentals in Langford BC
Posted on Feb 14, 2025
Understanding Short-Term Rentals in Langford, BC
Short-term rentals (STRs), commonly listed on platforms like Airbnb, Vrbo, and Expedia, have gained popularity in Langford, BC, as an alternative to traditional hotels. These rentals provide homeowners with income opportunities while offering visitors more personalized accommodation options. However...The History of Indigenous Groups in Victoria, BC: Honouring the Land We Call Home
Posted on Dec 03, 2024 in Victoria's History
Before modern roads, real estate, and high-rise buildings, the land we now call Victoria, BC, was home to Indigenous peoples whose connection to this region stretches back thousands of years. As we walk the streets of Victoria or explore its breathtaking coastal beauty, it's essential to acknowledge the rich and complex history of the First Peoples...
Can Strata Force an Owner to Sell?
Posted on Dec 02, 2024
Yes, in British Columbia, a strata corporation can apply to the Supreme Court to force an owner to sell their strata lot. This can happen if the owner has failed to comply with the Strata Property Act or the bylaws.
How it works
- The strata corporation registers a Certificate of Lien against the strata lot.
- The strata corporation applies to the Supre...
B.C.’s Housing Slowdown: Could a Rebound Be Around the Corner?
Posted on Nov 22, 2024
New housing construction in British Columbia has hit a significant slump, with the latest figures from Statistics Canada showing a steady decline. In September 2024, B.C. saw 3,163 housing units created—a drop from 3,895 units in August and far below the year’s high of 7,128 units in April. The six-month average now stands at approximately 3,783 un...