Prestigious Properties Western Canadian Real Estate Investments

There is much debate these days about the new so called “speculation tax” in BC which levies 1% onto Canadians and 2% on foreigners who own houses or condos in BC that are not rented 6+ months. It also levies a 20% foreign buyer tax and expands the taxable...

Canmore, Calgary, Vancouver, July 6, 2017 – Prestigious Properties Group (“Prestigious”) (www.prestprop.com) is pleased to announce the acquisition of three mobile home parks with over 160 pads in Central Alberta for $6.3M, well below appraised value...

The government of Canada over the last week announced a number of changes, incl. reporting requirements for SFH (single family homes) and tighter mortgage lending requirements.
Because the Bank of Canada will very likely not raise interest rates – as it will make the currency artificially high, negatively impact stock market values and curb investment even further – the government had to find other ways to contain price inflation...

Much has been said the last few weeks about Vancouver’s and Toronto’s house prices and the possible impact of the 15% tax levied on foreigners on affordable housing. While this “BC brand fee” or “BC monetization fee” will indeed have a moderate impact...