by Joel Ellams | Feb 28, 2018 | Did you know?
This is a small detail that most people including REALTORS do not know. IF you are buying a new home that you are going to live in and the purchase price is under $750,000 chances are there will be no Property Transfer Tax (PTT) on your purchase. This applies to...
by Joel Ellams | Feb 13, 2018 | Economy
KELOWNA, B.C. – February 5, 2018. Residential sales across the region of Revelstoke to Peachland totaled 449 in January, consistent with sales in December and a 27% increase over this time last year reports the Okanagan Mainline Real Estate Board (OMREB). “January...
by Joel Ellams | Feb 5, 2018 | Economy
As was predicted in the last quarter of 2016 we saw a slight softening of the market in 2017. However, it had a very unusual twist. The market slowed slightly because the demand was too high. This is an anomaly. The demand from buyers from the coastal areas of BC...
by Joel Ellams | Jan 28, 2018 | Did you know?
Usually GST is only applicable only on new housing but not always. It seems a little bizarre but if the home you are buying had a business in it that may mean that GST is applicable. GST is a business tax that really has nothing to do with what the buyer is going to...
by Joel Ellams | Dec 21, 2017 | Multi Family
The Canadian Mortgage and Housing Corporation insured mortgages often offer the least expensive multi-family financing available Michael Lee Western Investor June 22, 2017 Apartment buildings as an asset class are considered stable and low-risk investments, and most...