The 15% Property Tax on Foreigners: In Perspective

July 27th, 2016
It is a huge amount of money, 15%.  Most investment advisors would thank G-d for such an annual return on their clients' investments. I wanted to put this amount in perspective by graphically illustrating the price history of our local real estate market in a few areas.  

The graph below is a dynamic one, in that you can scroll over any monthly data points and you will be able to see the Housi ...

New Property Transfer Tax on Foreign Nationals

July 25th, 2016
Here is the policy excerpt from the Provincial Government of British Columbia regarding the new Property Transfer Tax Surcharge on Foreign Nationals:

http://www2.gov.bc.ca/assets/gov/taxes/property-taxes/property-transfer-tax/forms-publications/is-006-additional-property-transfer-tax-foreign-entities-vancouver.pdf

Property Transfer Tax Surcharge Set to 15% for Foreign Buyers for Completions after Aug 1

July 25th, 2016
The BC government just announced a huge surcharge on Property Transfer Tax equal to 15% on top of the current taxes from property purchases completing after August 1, 201 for non-Canadian buyers.  It apparently does not matter when the contract was written!  This will amount to hundreds of thousands of dollars of additonal taxes for $2,000,000 properties and will have to negatively affect the ...

The Forgotten Rooms in Staging and House for Sale Preparation

July 24th, 2016
Not everyone gets to be able to sell their home at the perfect time in life when all clutter is removed. Sometimes moves are made when families simply grow out of their current home.  Two of the forgotten areas of home staging are the back yard and the garage.  In my practice, I have noticed that for these two areas, it has become acceptable to simply leave them as a footnote: garages are jam ...

The Best Hockey Equipment Drying Hack

July 22nd, 2016
After decades of playing hockey and dealing with smelly and damp equipment, I have finally solved this problem in the simplest and least expensive way with a small Ikea shelf from which to hang the individual pieces of equipment using clip-on pants hangars which are about $1 each.  Check this out!  The stuff dries over night and is ready to be re-packed for the next game in the morning. The s ...

5171 JASKOW DRIVE, Richmond, BC

July 21st, 2016

A well kept house in a nice location and a very quiet and friendly neighbourhood. Front facing South. Under the shadows of trees, you can enjoy the sunshine and the summer breezes. Specific design of the house makes the interior bright and spaceful. 10 mins by car you can go to the city's centre or enjoy the breezes and scenery of the renowned Fisherman's Wharf, the dyke, the trail, etc ...

My Newest Listing: 319 723 W 3rd St., North Vancouver, BC

July 20th, 2016

Upscale Westcoast architecture on a quiet street nestles convenient shopping and affords awesome walkability. 511 sq ft plus balcony and soft-grained laminate flooring, flex space bedroom with sliding privacy doors; balcony with view of courtyard and SS appliances. Includes a parking spot and radiant heating. GST paid and available for July 30th possession.

Check out all of the details of th ...