Category Archives for Real Estate News

New HST/PST Calculator using the Transition Rules for Switch Back to BC PST

A new HST/PST tax calculator has been added to the British Columbia Real Estate Association’s online HST/PST resources. These tools calculate taxes using transition rules applicable to the switch back to BC PST on April 1, 2013 only. That is, they do not factor in pre-harmonization grand-parenting or prior tax rate change transitions. Three calculation options are available: […]

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Building permit values in Lake Country up $4 million in 2012

Some positive real estate news from the Okanagan. The District of Lake Country building permit reports for 2012 show that permit values in 2012 were once again at the 2005 level and exceeded the previous year by $4 million.  Since incorporation in 1995 the District of Lake Country has had an average building permit value […]

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5 Ways to avoid Investor hell

If there’s one area where savvy real estate investors excel, it’s finding and following through with lucrative deals. The very thought of purchasing a property and turning it into a cash flowing powerhouse is one that entices investors of all levels to get out there and start buying. However, as the old adage goes, “All that […]

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Home Owner Grant threshold rises with property values

NEWS RELEASE For Immediate Release Jan. 2, 2013 Ministry of Finance   Home Owner Grant threshold rises with property values   VICTORIA – More than one million home owners in British Columbia may be eligible to receive the entire Home Owner Grant again this year as the Province is increasing the threshold for the Home […]

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‘Dull’ development moved forward

Dull – run of the mill – disappointing.’ That’s how one Kelowna City Councillor described a proposed development at the northeast corner of the intersection of Highway 97 and 33. Photo: Contributed – City of Kelowna Conceptual Drawing New Town Architectural Services brought forth an application to have the property, formerly the Vineyard Inn Motel, […]

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New Immigration Program in 2013

A new immigration program aimed at getting skilled workers into Canada faster will start on Jan. 2. Immigration Minister Jason Kenney says the new rules will help address labour shortages. To qualify, applicants will need to already have a job offer or be pre-qualified by a province or territory. They’ll also have to meet language […]

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High costs drive B.C. first-time homebuyers to seek home with rental unit

The cost of buying and owning a home in British Columbia is so high that about half of first-time-homebuyers are looking for a property with a rental unit to cut costs, according to a new survey. The cost of buying and owning a home in British Columbia is so high that about half of first-time-homebuyers […]

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Bernard Avenue Revitalization Update

The first phase of the $14-million revitalization project on Kelowna’s “Main Street” is nearing completion and Bernard Avenue will reopen to motorists on Friday, Dec. 7 at 6 p.m. “We are really pleased with the outcome,” said Bill Berry, Director of Design & Construction Services. “The first phase from Richter to St. Paul streets was […]

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LAS VEGAS NEWS: In Real Estate Good Things Come to Those Who Don’t Wait

They say that good things come to those who wait, but lately good things come to those who pounce quickly.  Real estate has become a hot commodity once again, and houses that once languished months, or even years, on the Las Vegas MLS are now being snatched up in days or even hours.  We have […]

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Small Business Profile 2012: A Profile of Small Business in British Columbia

HIGHLIGHTS Small Business – There were approximately 385,100 small businesses operating in British Columbia in 2011, accounting for 98 per cent of all businesses in the province. About 82 per cent of these small businesses were micro-businesses with fewer than five employees. Small Businesses Per Capita – In 2011, British Columbia ranked first in terms of small businesses per capita, […]

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