August 2021

Fire insurance hard to find for B.C. wildfire zone homebuyers

Posted on Aug 20, 2021

Homebuyers purchasing in B.C.’s Interior where wildfires are raging may find it difficult, if not impossible, to get fire insurance on the home, at least until the smoke dies down,“It is an issue,” said James Palanio, a real estate broker with Royal LePage in Penticton, who said his office recently met with an insurance representative on the issue...

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GST may bite you

Posted on Aug 06, 2021

                                                                                             Real Estate Errors and Omissions Insurance Corporation  
                                                                                  Article By Chris Johnston, Staff Lawyer

Whether generally or in real estate deals, taxes are horribly complex.
Real estate deals can require GST, PTT and additional PTT (foreign buyer’s tax), vacancy tax, speculation tax, taxes on commissions and legal fees and on other services.Over the last fiv...

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