1. Online Eviction Portal Mandatory Use: Landlords are required to use an official online portal to file eviction notices. This ensures a standardized, transparent process that can be tracked and prevents any errors or abuses in the eviction procedure. Specific Grounds for Eviction: Evictions can only be initiated for specific legal reasons, such as non-payment…
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What is the Flipping Tax? The flipping tax in British Columbia was introduced to discourage speculative real estate practices that drive up housing prices. The tax applies when properties are sold within a short time frame, specifically within 730 days (or two years) of purchase. This measure is part of a broader strategy to make…
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Types of Tax-Exempt Properties In BC, the following types of properties can be exempt from property taxation: Places of Public Worship: Churches and other religious institutions used primarily for worship. Private Schools: Schools operated privately that meet certain criteria. Non-Profit Residences for the Elderly: Facilities providing accommodation and care to seniors, operated by non-profit organizations.…
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Detailed Eligibility Criteria Registered Owner and Relationships: Eligibility for Deceased Owner’s Property: If the registered owner of the property has passed away, the surviving spouse or a relative who inherits the property can still claim the Home Owner Grant, provided they meet the other eligibility requirements. This can include proving that they are the rightful…
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Home Buyer Rescission Period in British Columbia Duration: The rescission period is 3 business days, not calendar days. This means it excludes weekends and statutory holidays. The period begins the day after the buyer signs the purchase agreement and typically ends at 11:59 PM on the third business day. Cost: If a buyer chooses to…
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What do you consider is stigmatized property and would you buy the home?
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Several signs may indicate the presence of an underground oil tank in BC, Canada
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