December 2024

What It Is: A tax on profits from selling residential property owned for less than 730 days. Effective from January 1, 2025, under the Residential Property (Short-Term Holding) Profit Tax Act. Who It Applies To: Individuals, corporations, partnerships, or trusts that sell properties in BC after owning them for less than 730 days. Includes non-residents of BC or Canada. What Is...

Presale 101: A Step-by-Step Guide to Buying a Presale Buying a presale property can be an exciting way to secure a brand-new home or investment property before it's even built. Here’s a step-by-step guide to help you navigate the process with confidence: Step 1: Understand What a Presale Is A presale is a property that is purchased directly from the developer before construction is...