Press Archives

Province confirms rental buildings to be exempt from luxury house tax

By Frank O’Brien, Business in Vancouver
February 28, 2018

The B.C. Finance Ministry has clarified a section of the February 20 provincial budget that levied a special school tax on luxury homes valued at $3 million or more, based on BC Assessment.

The ministry has confirmed that the tax will not apply to residential apartment buildings, which it defines as properties with four or more rental units.

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Selling off entire strata properties now easier

Carlito Pablo, Georgia Straight
November 15th, 2017

A unanimous vote is no longer required before owners can terminate their strata corporations

The provincial government has made it easier to terminate strata corporations. Since July 28, 2016, owners have been able to wind up their strata corporations with an 80-percent vote instead of the previous unanimous requirement.

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