‘Flipping Tax' effective as of New Year’s Day
Posted on Dec 26, 2024
It will soon be a year since the B.C. Government announced, in its 2024 budget, details of a new tax on home buyers who buy and sell properties to make a quick profit. Now, what has been labelled the “B.C. Home Flipping Tax” goes into effect on January 1.
Last February, the announcement stated that any profits made from the sale of a residential hom...
The impact of the Bank of Canada’s latest cut?
Posted on Dec 11, 2024
The experts who predicted another “jumbo-size” half-point cut in the Bank of Canada interest rate were right. The question that follows is: How will this affect the economy in general and real estate in particular? How quickly will the “other” banks — the ones that issue mortgages — respond and how much will their response reflect the interest-rate...
Keeping the door open to working low offers
Posted on Dec 10, 2024
With market conditions and home prices changing as quickly as they sometimes do, it’s more important than ever to have sound research before venturing into the market, as either a buyer or a seller — the kind of research Nexus Realty has given clients for many years.
Something that can slip through the cracks but won’t if you have realtors like Dale...
The Elevator Home: appeal to all families
Posted on Nov 27, 2024
As much as The Elevator Home at The Ross Residences appeals to families who are downsizing from a larger home, it also appeals to families who are growing.
Think about the parent arriving with a youngster in a stroller, a cart full of groceries and a home that’s on the second floor. And oh yes, it’s raining.
Voila! An elevator, into which everything...
December 11: another 0.50 interest rate cut?
Posted on Nov 24, 2024
When the Federal Government announced its two-month GST moratorium for some products, along with its spring rebate cheques for qualifying Canadian workers, economists studied the impact that could have on interest rates. The Bank of Canada’s next announcement on rates is scheduled for December 11.
What visitors discover about Elevator Home
Posted on Oct 31, 2024
Visitors to Open Houses at The Ross Residences are finding that The Elevator Home is, in fact, appealing for exactly the reason it was designed — an ideal place for homeowners looking for less space that is modern, new and expertly built.
The word “downsizing” is the traditional explanation for couples whose families have grown and moved out, leavin...