Latest News

GST and The Sale of Real Estate 

Posted on Jun 18, 2021

GST and other tax structures are extremely complex, especially in the sale of real estate. Real estate deals can require GST, PTT and additional PTT (foreign buyer’s tax), vacancy tax, speculation tax, taxes on commissions and legal fees and on other services.

GST Basics

Under the Federal Excise Tax Act (ETA), the sale of real property is a taxable...

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Choosing The Best Offer

Posted on Jun 14, 2021 in Tips & Advice

Receiving Multiple Offers

There are plenty of advantages to listing your home in a seller's market, where limited inventory and plenty of buyers are competing to buy your home. Depending on the appeal, list price and exposure of your property, this type of market can create a situation where multiple buyers submit an offer at the same time, potentia...

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Posted on Jun 08, 2021

Federal money laundering and anti-terrorist financing rules require real estate agents and brokers to collect personal identification information from buyers and sellers.

It is the federal Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) that requires financial institutions and real estate agents, among other professionals...

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Princeton & Keremeos Real Estate 2020 Year in Review

Posted on Jan 13, 2021 in Market Stats

To say that 2020 has been a unique and challenging year, couldn’t be any more understated. As the pandemic threatened every aspect in our lives, our Century 21 agents in Princeton and Keremeos proudly stepped up to provide exceptional service while keeping our families and clients as safe as possible.

The tumultuous year brought anxiety as working...

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Insurance & Climate Change

Posted on Jun 24, 2020 in Tips & Advice

You may have noticed lately that your insurance premium has been increasing every year, whether it's your home, strata or auto insurance. The climate is becoming more volatile causing flooding, forest fires and landslides. Catastrophic insurance claims are increasing as these disasters become more common around the world and affects what we all pay...

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Understanding the Contract of Purchase & Sale for Real Estate

Posted on May 21, 2020 in Tips & Advice

Century 21 Horizon West's mission is to help educate you, the consumer to make better informed decisions when purchasing and selling real estate and help you understand the process. The British Columbia Real Estate Association (BCREA) has created the video below for REALTORS® to share with their clients to help explain one of the key documents used...

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