How Can I Avoid Paying Vacancy Tax on a Second Home in Vancouver?

Posted on Sep 16, 2019

You may have been confused about the Vacancy taxes and focused on figuring out a way on how you can avoid them, here is how.

Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question.

Q: I have a second home in Vancouver that I only use for the summer, how do I get around paying the vacancy tax?

A: Vanc...

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West Vancouver owners paid $6.7 million in vacancy tax in 2018

Posted on Sep 13, 2019

Figures revealed by Finance Minister Carole James on Thursday showed homeowners in West Vancouver paid almost $6.7 million in the province’s new speculation and vacancy tax in 2018.

You may have assumed that West Vancouver would of been the highest paying location for the Vacancy Taxes, however they were the third highest amount among B.C. municipal...

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August 2019 Market Insights | REBGV - Real Estate Board of Greater Vancouver Report | Matt Gul Personal Real Estate Corporation | Please watch the President’s Video

Posted on Sep 13, 2019

Ashley Smith is the President of the Real Estate Board of Greater Vancouver and in this video she discusses and highlights the August 2019 Market Insights. 

If you would like to learn more about the current market insights , or if you are thinking about buying or selling your properties, please contact Matt Gul, who is a top luxury real estate agent...

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Canadian HELOC Debt Rises To Over $302 Billion

Posted on Sep 11, 2019

Above is a photo of the total amount of loans that is secured with Residential Real Estate.

Canadian real estate owners are back to borrowing against their home equity. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of home equity lines of credit (HELOC) debt reached a new high in June. Growth is no longer nea...

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British Columbia tightens property beneficial ownership to fight money laundering

Posted on Sep 10, 2019

British Columbia has taken a major step to prevent money laundering with its proposed registry of beneficial owners of the land by lowering the threshold at which shareholders of a property-owning corporation must be disclosed from 25% to 10%.

This move is on its way as Vancouver is going to face a property price boom, this gets triggered by foreign...

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Vancouver home prices are falling and condos are delayed, but industry says real estate recovery on the way

Posted on Sep 07, 2019

Recently the Vancouver real estate industry has started to climb back to its old ways, beginning its recovery. However the pain is not over at all for most realtors and even developers. 

This Thursday the the British Columbia Real Estate Association have predicted that Vancouver's expected sales will end up to "normalize" by 2020. With only three mon...

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Matt Gul - Personal Real Estate Corporation

Phone: 778.888.8888


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RE/MAX Masters Realty

1453 Bellevue Ave  West Vancouver,  BC  V7T 1C3 

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