BC government Archives - Mortgage Rates & Mortgage Broker News in Canada

Weekly Mortgage Digest: Canadians putting the brakes on spending

August 11, 2024 No Comments

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

90% of B.C. communities adopt province’s plans for more small-scale housing

July 26, 2024 No Comments

Almost all British Columbia communities have adopted the provincial government’s plan to tackle the housing crisis by allowing more multi-unit homes on properties.

BC tables legislation to introduce anti-flipping tax

B.C. government targets ‘profiteers’ with legislation to bring in 20% flipping tax

April 4, 2024 2 Comments

British Columbia has tabled legislation to enact a 20 per cent flipping tax on those who sell their home within the first year of ownership.

The chief economist of the British Columbia Real Estate Association says the incoming tax on flipping houses may not generate as much revenue as the government expects and could only impact a small number of properties. A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward The chief economist of the British Columbia Real Estate Association says the incoming tax on flipping houses may not generate as much revenue as the government expects and could only impact a small number of properties. A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward

Real estate association economist doubts B.C.’s flipping tax is worth the trouble

February 26, 2024 No Comments

The chief economist of the British Columbia Real Estate Association says the incoming provincial flipping tax could end up reducing the overall number of homes on the market while only applying to a small number of properties.

The latest in mortgage news: BC government unveils details of its proposed home-flipping tax

February 26, 2024 No Comments

The British Columbia government today unveiled additional details of its proposed house flipping tax that was introduced in last week’s budget.

Latest in mortgage news: Mortgage rates keep surging higher

September 28, 2023 No Comments

Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise.

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