Crack Down on BC and Victoria Short Term Rentals
Posted on Nov 01, 2023
- The BC Government passed new regulations on Short Term Rentals:
- Purpose of New Rules: The new rules aim to empower local governments, return short-term rental units to the long-term market, and establish provincial oversight.
- Applicability: The rules apply to all short-term rentals offered to the public through various platforms and listings but excl...
Meet the Financial Pros of Victoria: An Exclusive Interview with the Joumaa-Johnson Financial Group
Posted on Oct 31, 2023
Second Suite Tax Credit - Multigenerational Home Renovation Tax Credit
Posted on Oct 31, 2023
The Multigenerational Home Renovation Tax Credit offers families a way to claim a tax credit for eligible construction costs of adding a secondary unit to their home to allow an immediate or extended family member to live with them. To be eligible, the renovation must be completed in the owner's primary residence where they live with a senior or di...
Anti-Flipping Rule
Posted on Oct 31, 2023
Under the new Residential Anti-Flipping Rule, individuals who purchase and sell a residential property within 12 months of their purchase may be subject to tax on any profit from the sale as business income, which is ineligible for either the 50% capital gains rate or the principal residence exemption. Exemptions to the rule include household addit...
Why I became a Realtor
Posted on Oct 31, 2023
I never would have thought to pursue a career in real estate if it weren't for a friend who suggested it. As an avid real estate investor, the idea intrigued me and I decided to give it a shot. It wasn't until I began talking to my dad, a seasoned real estate agent, about his experiences that I fully understood the scope of what realtors do. I was...
How I got started in Real Estate
Posted on Oct 31, 2023
It's been quite a journey to get to where I am today as a realtor. After serving as an Army Engineer Officer and participating in a training mission to Afghanistan, I felt it was time to explore other opportunities. This sparked my entrepreneurial journey, as I tried my hand at a range of businesses including selling investments and insurance, crea...