BC Market Update
Millennials Are Moving Back in With Their Parents. Why?
Millennials are waiting longer before marrying and starting a family than baby boomers and generation X because they are faced with two economic realities: Job Market Changes A significant percentage of millennials make a living from contract work, which lends to the...
Do Millennials Want Their Real Estate Advice via Tech?
A recent Manulife survey result demonstrated Canadian Millennials are looking for financial advice through non-traditional platforms. That’s not really surprising, but being the contrarians we are, we feel a bit more critical examination is needed because the survey...
Collecting Personal Data for the Speculation Tax
Last Week Ruling B.C.’s Office of the Information and Privacy Commissioner last week ruled that the Ministry of Finance can collect, use and disclose taxpayers’ personal information under the Speculation and Vacancy Tax Act. The commissioner’s office opened an inquiry...
BC Supreme Court Rules on Question of Foreign Buyer Tax Discrimination
In a landmark trial, a B.C. Supreme Court Justice Gregory Bowden dismissed Jing Li's claim after finding that the 20 per cent tax levied against foreign purchasers of residential property in B.C. does not discriminate against either Asian or Chinese buyers. Li's claim...
BOC Maintains Overnight Rate Target at 1 ¾ Per Cent
What It Means To You Why did the Bank of Canada (BOC) maintain their Overnight Rate Target at 1 ¾ per cent, and what does this this mean for you? The why is easy: The US-China trade conflict combined with policy responses by some central banks, have pushed bond yields...