Real Estate Advisor with Engel & Völkers Vancouver, Canada

Cindy Stanley Realty Blog › July 2016

Government to introduce a 15 per cent foreign buyer tax effective August 2

The provincial government will implement a 15 per cent foreign buyer tax on all residential transactions effective August 2, 2016. The tax will be added to the Property Transfer Tax and will apply to all residential properties purchased by foreign nationals or foreign-controlled corporations.
The new tax will be payable on applicable transfers registered with the Land Title Office on or after August 2 regardless of when the deal was completed.
The tax will apply to any transferee that is a foreign national, foreign corporation, or taxable trustee. Foreign nationals are defined as people who aren’t Canadian citizens or have permanent resident status in Canada.
“Housing affordability concerns all of us who live in the region. Implementing a new real estate tax, however, with just eight days’ notice and no consultation with the professionals who serve home buyers and sellers every day needlessly injects uncertainty into the market,” Dan Morrison, Board president said. “Government has had a long time to take action on the affordability issue, yet they decide to bring this new tax in over a long weekend, with no notice, and no time to prepare. It would have been prudent to seek consultation from the people most knowledgeable about the impact.”
Under the new tax, for example, a foreign buyer or foreign-controlled entity will pay an additional $300,000 in tax on a $2 million home.
“To minimize short-term volatility in the market, we’re calling on government to exempt real estate transactions that are in the process of closing from this new tax,” Morrison said.  
Foreign corporations are any corporation not incorporated in Canada, or are incorporated in Canada but controlled in part, or wholly, by a foreign national or corporation. Publicly traded companies are excluded.
Commercial properties are excluded, and mixed-use properties will only pay the tax on the portion of the property’s value that’s for residential use.

New Listing 3010 Golden Donald Upper Road, Out of Town, BC

R2095515 - 3010 Golden Donald Upper Road, Golden, BC, CANADAView my new listing for sale at 3010 Golden Donald Upper Road, Golden and currently listed at $3,999,000.

Click Here to view Il Nido Country Inn & Land Brochure BC FOREIGN BUYER TAX NOT APPLICABLE Welcome to paradise. Il Nido nestled at the cusp of the magnificent Canadian Rocky Mountains. This beautiful log cabin style home/B&B Lodge successfully run since July 2010, is new to market in this, a once in a lifetime purchase with 3 adjoining parcels of land. Greeted by a double rainbow a few times each year, this authentic log style home/lodge has been used as a successful Bed & Breakfast that welcomes clients from all over the world. The main lodge is approximately 17 years old, and comprises of gorgeous log, post and beams that is finished with a durable metal roof. The revenue stream has successfully been covered by 84% Accommodation and 16% in other revenue, including gifts from the personal gift shop that is equipped with unique memorabilia. The lodge offers a unique and delicious breakfast that is enjoyed and famously known by all patrons that have had the pleasure of enjoying it. The privacy, warmth, and comfort of Il Nido Inn definitely encompasses the true meaning of “Il Nido” -  “The Nest!”   The land has farm status and offers much potential in several possible investment situations and avenues that can be explored. The land, run as a Bison Ranch for 10 years is currently used for Hay Production. The land has been partially cleared and it is flat with the potential to create something magical in prime and abundant real estate. The property includes all inventory for the well-established Bed & Breakfast Lodge, as well as equipment for the Farm land, including the Bison Corral, ATV, Tractor, Barns, Workshop's, Storage, Wine Cellar, Games Room, Fitness Area & so much more. There are two wells that service the property, and a number of springs in this area that are shallow and are in the form of a cistern. The water is tested many times by the lab in Calgary to ensure it has the best quality. In the driest of summers, the water is running and the wells are producing. The property is very well maintained by exceptional hands on management of the sellers. The sellers have a vast understanding of the properties and their maintenance, ensuring that everything is kept up to date and serviced 100%.   Within a short distance (of both walking and driving), you will find majestic lakes, creeks, ravines, waterfalls, streams and sprawling hills that are a fabulous reminder of the Canadian playground we get to call home. Il Nido is home to many beautiful birds that make home in the nest as a comfort to their environment. With Eagles soaring the skies and Wildlife roaming the land, this magnificent property is the true north, wild and free. With recreational activities within a very short distance of Il Nido, one can enjoy the great benefits of its close proximity to all these incredible summer and winter wonderlands, which include, Skiing, Riverrafting, Golfing, Fishing, Paragliding, Horseback riding, Sky diving, Fishing, Rock Climbing, and the enduring 1-2 day hikes in one of the enchanting Canadian National Parks!   With the Trans-Canada highway expansion into 4 lanes from Kamloops all the way to Alberta, the increased desire for travellers to visit Golden, BC will increase majorly. The property has a quick easy access just off of the Trans-Canada Highway, making it not only easily accessible, it is centrally located in the hub of all the activities and beauties of the Canadian Rocky Mountains.   Il Nido is unique. Il Nido is magical. Il Nido has 319.4 Acres of sprawling land to create something even more magnificent and magical. ================================================== 319.4??????, ???????, ???????! ????????II Nido???????????????????????2010???????????????????????????????17?????????????????????????????????????84%?????16%???????????????????????????????????????????????????????????????????????II Nido??????????? ??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????AVT????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ????(?????????)??????,??,??,??,????????,?????????????. ????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ????????????????????????????????????????????????????????????????????????????????????????      II Nido ???????II Nido ?????319.4???????????????????????????????????4825000.00 ??2016????3946.29?? ???????????15%???? MLS # R2095515 9????8???? ?? ·??? ·???? ·??/???? ·????? ·??? ·????/???? ?? ·??? ·??? ·?? ·?? ·?? ·?? ·?? ·???? ·????? ·????? ·?????? ·??? ·????? ·???? ???? ·??????? ·?????? ·????? ·?????? ????Engel & Volkers Vancouver ???????????????????????????????????

New Listing 3333 The Crescent, Vancouver, BC

R2091131 - 3333 The Crescent, Vancouver, BC, CANADAView my new listing for sale at 3333 The Crescent, Vancouver and currently listed at $19,580,000.

Over one acre lot in the most exclusive enclave of the "The Crescent" at the best location in Shaughnessy Vancouver, this beautiful, second to none architectural treasure was designed by the noted architects Maclure & Fox in 1911 for Water C. Nichol, a former Lieutenant Governor of BC. This first class Neo-Tudor spectacular solid heritage is recognized and protected by the local government, both the garden and the whole house. This Neo Tudor spectacular solid heritage contains features of central grand living hall, high beamed ceiling on the main floor, fireplaces everywhere, leaded windows, built-in book shelves, super spacious and elegant living room and dining room.

Stanley Realty Real Estate Vancouver Media Stats June 2016

stanley realty real estate vancouver  media stats june 2016

© 2015 C Stanley. Proudly created by