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GST on Assignments and Resales

Jun 19, 2020

Whether you’re buying or selling a home, you’ve probably wondered about GST. Although GST only applies to brand new or substantially renovated homes, there are some caveats when it comes to assignments and resales.  What is an assignment? An assignment occurs when the purchaser transfers their rights in the purchase contract to someone else before […]

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What’s the deal with BC Assessments and Vancouver property values?

May 29, 2020

Did you know assessments are conducted in July of the previous year? It’s almost that time of year when BC assessments are conducted – not released – but the information is gathered for the release of the values in 2021. That all makes perfect sense right? Assessments conducted and prices rolled out 6+ months later? […]

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Oil Tanks in Vancouver

May 25, 2020 Oil Tanks in Vancouver

Up until the 1960s, most Vancouver homes were heated by oil in underground storage tanks buried in yards. Once oil gave way to more modern heating methods, many homeowners replaced their oil burning furnaces with natural gas ones, rendering their underground oil tanks useless.  At this point, oil tanks were either completely removed from properties […]

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