Susan Lazaruk, Vancouver Province, Dec 14, 2016
More than 100,000 homeowners in Metro Vancouver stand to lose all or some of their $570 homeowner grant at property tax time because assessed home values are expected to be up to 50 per cent higher in some cities next year.
In the city of Vancouver, for instance, as many as 30,000 homeowners may be pushed past the $1.2-million eligibility threshold,
Kathy Tomlinson, The Globe & Mail, Nov 20, 2016
Bob Fisher shakes his head as he looks over at the palatial new building next door to his beekeeping operation. It was supposed to be a single-family farmhouse – approved as such by city hall – built on some of Canada’s best farmland, in this suburb south of Vancouver.
Instead, it’s a 23,000-square-foot mega-mansion – with Roman columns, a grand marble entrance and luxurious guest suites.
Gordon Hoekstra, The Province, Oct 30, 2016
On Dec. 3, 2013, Vancouver city staff updated city council on a plan to prepare for a major earthquake.
Council asked for the report in 2011, after deadly earthquakes in New Zealand, where 185 people were killed, and in Japan, where the death toll from the ensuing tsunami was more than 16,000.
Under the update, the city was to establish a technical committee to advise it how to reduce the risk of private buildings collapsing or being badly damaged in an earthquake.
Lee Lau, Pinkbike.com, Oct 23, 2016
On October 10, 2016, trail users and residents neighboring Mount Seymour found No Trespassing signs placed over 25 access points and trailheads indicating that access was prohibited. Mass confusion ensued. Very few users and/or residents knew that the Canada Mortgage and Housing Corporation (“CMHC”), a Canadian Crown Corporation providing mortgage insurance to homeowners, owns a swathe of land on Mount Seymour in North Vancouver.
Rudy Nielsen, The Scrivener, Fall 2016
Back in 2010, I let you know how the provincial land title system guards British Columbians against the ever‑present threat of mortgage fraud.
Today, this is still a timely topic, given the unprecedented level of property sales since then.
Through the Torrens Land Registration System, British Columbia is neatly packaged into about 1.9 million active land titles that have been very active in the past 5 years.
Jane Seyd , North Shore News, Sept 22, 2016
Figures released by the province on Thursday appear to confirm what many local Realtors already knew – that interest from foreign buyers in the real estate market has fallen significantly since the province imposed a 15 per cent tax on deals involving foreign citizens.
According to data released by the government, real estate transactions involving foreign buyers made up about 13 per cent of the total number and 16 per cent of the total value changing hands between June 1 and Aug.
Peter Mitham, Business in Vancouver, Sept 20, 2016
Tax crackdown
This year’s federal budget gives the Canada Revenue Agency (CRA) extra clout when it comes to chasing down tax cheats, including those trying to evade taxes on real estate.
The topic surged into the national spotlight last week amid reports of lax oversight by the CRA and the practices of offshore investors seeking to sink money into local properties.
Joanne Lee-Young, The Province, Sept 10, 2016
The crux of the Lower Mainland housing crisis supposedly hinges on the lack of supply and an insatiable demand for land that can be developed.
Municipalities insist they are hung up on a way to boost the supply of affordable housing, in part, because Metro Vancouver is so hemmed in by water, mountains and land designated for agricultural use.
And yet,
Our American friends in the Pacific Northwest may have caught Rudy Nielsen on their radio on Aug 6th. He was interviewed on America Outdoors Radio by John Kruse. They talked about the ins and outs of buying recreational land in British Columbia.
To listen to the interview, click here.
Glen Korstrom, Business in Vancouver, Aug 29, 2016
The B.C. government earlier this month approved Valemount Glacier Destinations Ltd.’s (VGDL) master plan to build what could eventually be a $500 million ski resort near Valemount in central B.C. near the Alberta border.
Initial financing for an approximately $85 million first phase is coming largely from a trust run by Toronto real estate tycoon Greg Marchant, with other investors including Toronto condo-marketing guru Hunter Milborne.