The number of homes sold through the MLS® System of the Chilliwack and District Real Estate Board totaled 377 units in May 2023. This was a substantial increase of 72.9% from May 2022.
The Canada Revenue Agency’s (CRA’s) guidance on the underused housing tax is now available.On June 9, 2022, the Underused Housing Tax Act (UHTA) received Royal Assent, which means that it is now law. Under the UHTA, the annual 1% underused housing tax generally affects non-Canadian, non-resident owners of vacant or underused residential property in Canada, […]
In Managing Disclosures, REALTORS® will discuss the risks involved with what they disclose, to whom they disclose, and when they disclose. REALTORS® will study the origins and obligations of disclosure, the legislation and rules governing their disclosure obligations, the proper management side of the disclosure process, and the penalties given and remedies available when disclosure […]