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The hefty house and the school property tax is still out of reach for the most people in Vancouver and the higher taxing would hit supply demand on high-end properties.
https://www.vancourier.com/real-estate/opinion-taxing-housing-demand-could-hit-supply-1.23464091
#Repost @revarealtygroup with @get_repost ・・・ As of September 17, 2018, a new property transfer tax (PTT) return will ask those purchasing a property through a corporation or trust to disclose the same full slate of personal information that home buyers disclose on the regular PTT return. http://www.vancourier.com/real-estate/b-c-government-closes-in-on-real-estate-tax-evaders-1.23379606 #propertytransfertax #ptt #newrules #revarealtygroup #northshore #loveourhome @revarealtygroup @buckleychanghomes #westvancouver #northvancouver (at Reva Realty Group Inc.)
2018 #BC #Budget brought about some changes to our real estate market in #vancouver. Change number 1: #propertytransfertax #ptt rate has been changed to 1% on first $200,000 and 2% on the balance of the purchase price up to and including $2 million, 3% on the portion above $2 million and additional 2% for the portion above of $3 million. We @revarealtygroup will be posting additional changes soon. Please also visit our blog www.revarealtygroup.ca for more details. (at Reva Realty Group Inc.)
Info about B.C. Property Transfer Tax Exemptions for New Homes between $750,000 and $800,000.
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