MoneySense names top Vancouver neighbourhoods to buy real estate
While not cheap, these are great options in a crazy market... In their April 2016 edition MoneySense magazine selected their top Vancouver neighbourhoods to buy real estate to see the best return on investment. After analyzing more than 200 neighbourhoods, we found...
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New 15% Property Transfer Tax
The new 15% property purchase tax (the “PTT”) explained. WHAT IS THE NEW TAX? It is a property transfer tax of 15% payable by “foreign” buyers IN ADDITION TO the regular property transfer tax at the time a property transfer for residential property is registered in...
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Housing tax not as painful in Maple Ridge | Maple Ridge News
Slapping another 15-per-cent sales tax on homes to foreign buyers could cool the red-hot real estate market in higher priced areas of Richmond or Vancouver, but it might take longer to learn of any effect in Maple Ridge and Pitt Meadows. The announcement by the B.C....
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B.C. Real Estate In ‘Absolute Mayhem’ Amid Talk Of Sales Collapse|The Huffington Post Canada
Greater Vancouver’s real estate market is in the throes of chaos as buyers, sellers and industry insiders try to adapt to a new tax on foreign buyers that went into effect on Tuesday. Though a recent poll showed nine out of 10 British Columbians back a tax on foreign...
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‘Fundamental Issue in Vancouver Market Is Supply’ | Bloomberg TV Canada
Jonathan Cooper, Vice President, Operations at Macdonald Real Estate Group joins Bloomberg TV Canada’s Rudyard Griffiths to discuss the impact of the 15 percent property tax for non-Canadian citizens and non-permanent residents in Metro Vancouver. About Macdonald...
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Calls for investigation into new real estate tax | CTV
There are already signs the 15% property tax for non-Canadian citizens and non-permanent residents in Metro Vancouver is putting a chill on sales, and now there are calls to investigate how it was implemented.
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Thousands of Metro Vancouver real estate deals caught by tax deadline
'Last week was pretty hectic,' realtor said of rush to avoid new tax by midnight cutoff Thousands of home buyers and sellers in Metro Vancouver reacted with 'shock and disbelief,' madly rushing to beat the Aug. 2 deadline of the new 15 per cent foreign buyer real...
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Opinion: The true cost of the new real estate tax
This week, the B.C. government introduced a new 15-per-cent tax on all non-citizen and non-permanent-resident buyers of residential real estate in Metro Vancouver. Macdonald Realty opened its first office in the Kerrisdale neighbourhood over 70 years ago. Though we...
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Soaring property values push businesses out of Vancouver’s west side | The Globe and Mail
Vancouver’s sky-high real estate prices are changing the shape of its retail districts – with pricey neighbourhoods feeling some pain, and formerly neglected pockets of the city getting a boost. Several long-time businesses on the city’s expensive west side are either...
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BNN Interview about B.C.’s Housing Data
Jonathan Cooper, Vice President of Operations at Macdonald Real Estate Group joins Business News Network (BNN) for reaction to B.C.'s housing data as well as OSFI's warnings to mortgage underwriters. (To view the video on mobile devices, please click here for direct...
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