REALTOR® eXp Realty – Maple Ridge and Pitt Meadows Specialist
Do you know why REALTORS® ask for your personal information in British Columbia?
During a real estate transaction in British Columbia, REALTORS® are required to verify your identity. Do you know why? This video courtesy of BCREA explains why
Continue reading “Do you know why REALTORS® ask for your personal information in British Columbia?”
I recently read an article by a lawyer about the proposed BC Flipping Tax.
I quote “The B.C. Government has recently proposed a home flipping tax (the “Home Flipping Tax”) that will take effect starting January 1, 2025, subject to approval by the legislature. This tax, when passed, will apply to income from the sale of a property, including presale contracts, in British Columbia if the property was owned for less than 2 years.”
IMPORTANT: There is a Primary residence deduction but not an exemption.
Continue reading “What responsibility do real estate professionals have in BC?”
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