Provincial Development Cost Charge Payments in Around Town
The Province is proposing to speed up construction timelines by reducing up-front costs for builders with an update to the 1984 Development Cost Charge and Amenity Cost Charge (Instalments) Regulation. Changes to BC legislation government...
New Tax on Flipping Homes In Around Town
As of January 1, 2025, profits on residential properties sold within two years of their purchase will be subject to a new BC tax. The 2024 BC provincial budget includes a proposed flipping tax that if passed would apply to residential properties sold less than two...
BC Increasing Lot Density in Around Town
Your Weekly Construction Briefing The B.C. government expects to introduce provincial legislation this fall to allow up to four units on a single-family lot with additional density permitted in areas well served by transit. If approved, the legislation will reduce...
BC’s Small and Medium Sized Business Recovery Grant in Around Town
Your Weekly Construction Briefing The Small and Medium-Sized Business Recovery Grant program has new program criteria. Grants of $10,000 to $30,000 are available to small and medium-sized B.C. businesses impacted by COVID-19. An additional $5,000 to $15,000 grant is...
BC Extends Rent Freeze in Around Town
Your Weekly Construction Briefing The B.C. government is expected to extend its COVID-19 rent freeze to the end of 2021 and amend legislation to cap future rent increases to inflation. Rates are currently frozen until July 10 with a maximum 1.4% increase for 2021...Get 8 FREE Issues!
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