PTT is a provincial tax imposed when there is a change of ownership of real estate property in British Columbia.
Real Estate News
The Government of Canada has introduced an underused housing tax on the ownership of vacant or underused housing in Canada.
The City of Vancouver implemented the Empty Homes Tax (EHT) with the goal of re-purposing empty properties into long-term rental homes for residents of Vancouver.
The BC Speculation and Vacancy Tax aims to convert empty homes into housing for residents and ensure fair contributions from foreign owners and those with primarily foreign income to B.C.’s tax.
At times, a property owner may construct a wall, fence, walkway, or structure that partially encroaches upon adjoining property.
B.C. is facing a housing crisis, with a shortage of all forms of attainable housing, including long-term rentals.
Stay up to date: October 2023 Market Insights from Greater Vancouver & Fraser Valley.
Understand the tactics: Buyers & Sellers. A lowball offer refers to an offer that is significantly below market price.