Few purchases as significant as the purchase of a home. How to ensure that purchase remains as affordable as possible is a key interest to the British Columbia Real Estate Association (BCREA).
BC has the highest home ownership costs in the country. A recent RBC Financial Group survey of housing affordability indicates that more than 60% of a BC household's pre-tax income is required to cover the home ownership costs of a detached bungalow. Normally, 30% is considered affordable.
In BC, two taxes at the provincial level are considered shelter taxes:
Click Here for the full website and information.
Dean Birks - Prince George Real Estate
Labels: Dean Birks, GST, home ownership, Home purchase, HST, Prince George Real Estate, Property transfer tax