Posts tagged with: real estate news

7540 Tronson Road, Vernon., BC (Okanagan Lake)

Okanagan/Shuswap Housing Market – July/August 2016

The Okanagan/Shuswap real estate market moderated slightly in July compared to June. Fewer units sold and prices remained comparable as did days to sell but the market is still favoring the seller. The number of buyers coming to the region is higher than the number of new and active listings. Until we see some new [&hellip

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New Property Transfer Tax – B.C.’s Real Estate Market

As of August 2, 2016, any home purchased in Metro Vancouver by a foreign buyer will be subject to the Property Transfer Tax (PTT), a new 15% tax by the B.C. government. The tax legislation is part of the B.C. government’s efforts to relieve pressure on Metro Vancouver’s overheated residential real estate market, and address low vacancy [&hellip

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