Canadian real estate sales and prices are poised to set records this year, according to a new forecast that is bound to reignite calls in some quarters for tighter lending rules.
The Canadian Real Estate Association, which represents 100 boards across the country, said Monday it expects existing-home sales to reach 527 ...
With the Jan. 31 deadline just around the corner, anyone who still wants to take advantage of the federal government's popular home renovation tax credit had better hurry.
"The most important thing for people to know is that they still have a week to buy and take delivery of materials that they are thinking of using for ...
After beginning the year at near record low sales levels, buyers' confidence in the Greater Vancouver housing market quickly returned, allowing for significant and sustained increases in the number of residential property sales for much of 2009.
The Real Estate Board of Greater Vancouver (REBGV) reports that to ...
HST (HARMONIZED SALES TAX)
On July 23, 2009 the government of BC announced that it intends to harmonize the Social Service Tax ("PST") with the federal Goods and Services Tax ("GST") effective July 1, 2010. The Harmonized Sales Tax ("HST") will combine a 7% BC rate ("provincial portion") with the 5% federal GST for a combined HST rate of 12%.
Detailed information concerning the HST has yet ...
Government listens to Real Estate Board on HST
The BC Government has announced that it will exclude new homes costing up to $525,000 from its proposed 12 per cent Harmonized Sales Tax (HST) scheduled to take effect July 1, 2010.
The government has also increased the rebate of the provincial portion of the HST paid on a new home to a maximum of $26,250.
This ...
Canadian existing home prices are now rising at a pace not seen in
20 years, fueling talk that a bubble may be forming in the
market.
The average price of a home sold last month was $341,079, a 20.7% increase from a year ago, the Ottawa-based Canadian Real Estate Association said Monday. Sales also continued to climb ...