Category Archives: BC

Foreclosure tours come to BC

Remember just after the US bubble peaked? There were foreclosure bus tours in places like Vegas and Miami.

Did you ever think you’d see something like that in British Columbia?

Apparently it’s happening on Vancouver island right now.

This video clip from CHEK news shows people shopping for a good deal to flip or rent out now that there are so many owners going into foreclosure who were unable to flip or rent out their property.

Might be a tad early on that one.

Squamish and the Haunted Sales Centers

Nothing like the view from the ground.  Clockbike posted this roundup of what’s happening just north of Vancouver:

Squamish resident here. I would like to tell you all a spooky story, grab your marshmallows and gather round, I’ll point my bear flashlight up at my face to create dramatic effect. I call this story: “The Haunted Sales Centers.”

It is ~2005, in a rainy windy city, upon the water. There lied the Squamish Oceanfront Development. A plan to create a residential neighborhood with marina, small industrial jobs love and flowers. Fast forward to today: the district is now $6.57 Million in debt. Source PDF.

Surely we have accomplished something magnificent for our downtown core, this is a story of the results of 7 years of hard work.

Continue reading Squamish and the Haunted Sales Centers

It’s budget time so here’s a new home tax credit

The new BC budget is all about austerity, cutting back and living within our means to bring down the debt. With that in mind anyone buying a new home gets a new $10,000 tax credit.

In his budget, Mr. Falcon pledges to sell off public assets, to raise medical service premiums and tobacco taxes, to cancel a promised small business tax cut. Mr. Falcon also is promising to hike the general corporate tax in two years, if the fiscal picture doesn’t brighten.

Mr. Falcon’s $44-billion budget on Tuesday offers several tax measures benefiting seniors and young families but the impact will be slight.

The province is introducing several new tax credits including a grant of up to $10,000 on newly-constructed homes for first-time homebuyers. Seniors will be able to claim up to $1,000 for eligible home renovations. And families will be able to collect up to $50 for each child for fitness and art programs.

Article in the Globe and Mail.