Monthly Archives: July 2016

15% Tax on Foreigners Buying Property in Vancouver

15% tax on international buyers in Vancouver from Mike Stewart   Additional Property Transfer Tax on Residential Property Transfers to Foreign Entities in the Greater Vancouver Regional District Foreign Property Transfer Tax Act Effective August 2, 2016, an additional 15% property transfer tax applies to residential property transfers to foreign entities in the Greater Vancouver Regional District. Where it applies to: The Greater Vancouver Regional District includes Anmore, Belcarra, Bowen Island, Burnaby, Coquitlam, Delta, Langley City and Township, Lion’s Bay, Maple Ridge, New Westminster, North Vancouver City and District, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, Surrey, Vancouver, West Vancouver,… Find out more

June 2016 Vancouver Real Estate Board Statistics with Graphs & Charts Courtesy of REBGV

REBGV Stats Package June 2016 Mike Stewart Vancouver Realtor from Mike Stewart Home buyers remain active across Metro Vancouver Home buyers continue to compete for homes listed for sale across the Metro Vancouver housing market. Residential property sales in the region totalled 4,400 in June 2016, an increase of 0.6 per cent from the 4,375 sales recorded in June 2015 and a decrease of 7.7 per cent compared to May 2016 when 4,769 homes sold. Last month’s sales were 28.1 per cent above the 10-year sales average for the month and rank as the highest selling June on record. "While… Find out more