FYI - if you are selling a property that has been used for nightly rentals GST may be applicable on the sale of the property due to the commercial nature of short term rentals (even on a percentage use basis if you are renting only a room or two instead of your whole house). If the owner's short term rental income exceeds $30,000 they are required to become a GST registrant. If the Seller has ...
Kelowna city council is expected to tackle the delicate issue of Airbnb's sometime later this year.
The short-term rental solution popular with vacationers or large groups looking to save money or enjoy a different travel experience, is illegal in most areas of the city.
City planner Ryan Smith says they are not legal within any single-family residential zones and most multi-family zones. ...
I just finished uploading this Fourplex for sale, 3-1046 Lawson Ave, Kelowna North - Downtown Core, Kelowna, BC
I just finished uploading this Fourplex for sale, 2-1064 Lawson Ave, Kelowna North - Downtown Core, Kelowna, BC
New high end fourplex located downtown Kelowna near lake, grocery store, public transit, entertainment, amenities, etc. Almost 2,000 sq ft of living space with 4 bedrooms, 3 bathrooms, high end finishing, and private single car garage. Additional street parking is available. 3 co ...
Bank of Canada - Interest Rate Hike
Signs are pointing towards Bank of Canada raising its benchmark interest rate possibly as soon as next week.
Eight times a year the Bank of Canada's board of governors meet to assess the latest economic indicators and decide whether Canada's economy needs to rate cut, rates stay the same or increase interest rates.
This will be the first time in 54 meeti ...
21.7% by Relocating and moving to similar property type (up from 19.0% in April)
18.2% by First Time Buyers (down from 18.5%)
17.8% by Move-Up Buyers (up from 15.8%)
14.3% by Buyers Downsizing (down from 15.5%)
13.2% buying Revenue/Investment Property (down from 14.3%)
5.9% moving from Single Family Home to Strata Unit (up from 5.7%)
Rivers, streams, and lakes overflowing, and brigades of volunteers vainly trying to save the homes around them by deploying sandbags and anything else they can find to stop the rising waters. While we've seen these images in the media many times, no one expects a flood to happen in their community – yet it does. And as we've seen lately, as a country, we're failing to protect Canadians from f ...