News

Aug. 12, 2023

The City of Vancouver Speeds Up Permit Process

If anyone has ever tried to obtain a permit at the City of Vancouver, they know the process is slow. In an effort to speed up the process, they are implementing a digital system in 2024 called eComply. This innovative system is the first of it's kind in Canada ...

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April 24, 2023

Anti Flipping Tax Effective January 2023

Starting January 2023, the Anti Flipping Tax will be in effect for homes which apply. This new rule applies to flipped residential property dispositions that occur on or after January 1, 2023.

View All Details of the Anti Flipping Tax

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Posted in News
April 24, 2023

Canadian Underused Housing Tax - Updated 2023

Starting in 2023, for the 2022 tax year, an annual tax will apply on the taxable value of a vacant or underused residential property that is directly or indirectly owned by a non-resident non-Canadian.

Canadian Underused Housing Tax Highlights

  • 1% annual tax will apply on the taxable value of a ...
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Posted in News
March 30, 2023

Canadian Foreign Buyer Ban - Updated 2023

In order to curb rising home prices and prevent money from being "parked" in Canada, the government banned foreign buyers on January 1, 2023. Some exemptions applied such as permanent residents, temporary residents and students.

Original Foreign Buyer Ban

View CMHC's article of the original January release.

March 2023 ...

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Posted in Buying , Investing, News
March 26, 2023

First Home Savings Account & Other Home Buyer Rebates

We wanted to let you know about the new First Home Saving Account, and remind you of the Home Buyer's Amount Tax Credit, in addition to, other valuable home owner and buyer rebates and incentives.

First Home Savings Account

Qualifying first-time buyers can contribute up to $8,000 yearly ...

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Jan. 13, 2023

Vancouver Empty Home Tax

The City of Vancouver, BC Canada requires that Vancouver homeowners submit a yearly declaration to determine if their property is subject to the Empty Homes Tax. Any properties which are deemed empty or declared empty, will be subject to an empty home tax.

What is the Vancouver Empty Home Tax ...

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Posted in Investing, News, Owning
Jan. 3, 2023

BC's Home Buyer Rescission Period Comes into Effect January 3, 2023

BC’s new Home Buyer Rescission Period (HBRP) for residential real estate property takes effect on January 3, 2023.

Rescission Period Length & Day it Begins

The rescission period will be 3 full days excluding weekends and holidays (as defined by Section 29 of the Interpretation Act), and will begin the ...

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Posted in News
Dec. 24, 2022

Top Real Estate Agents at Dexter Realty, Vancouver BC Canada

We're proud to be among the top real estate agents again at Dexter Realty! We love helping our clients buy and sell homes and always strive to offer the best service and advice. We'd like to thank all our clients for your support, business and referrals. We ...

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Posted in Buying , News, Selling
Dec. 13, 2022

BC Government Changes Rental Restrictions and Age Restrictions for the Strata Property Act

On November 24, 2022, the BC government passed Bill 44. It changed restrictions around rentals and ages of owners and tenants, under the new Building and Strata Statutes Amendment Act. 

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Posted in Investing, News
Aug. 14, 2022

Top Real Estate Agents at Dexter Realty, Vancouver BC

We're proud to be among the top real estate agents again at Dexter Realty! We love helping our clients buy and sell homes and always strive to offer the best service and advice. We'd like to thank all our clients for your support, business and referrals. We look ...

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Posted in Buying , News, Selling