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Attention: Buyers & Sellers in Cobble Hill, British Columbia for sale

Houses
$549,000

# Bath
2
# Bed
3
For Buyers and Sellers:
You should be very clear on the new NDP-Green Party government's planned measures to cool, if not correct, the real estate market:
* The BC Foreign Buyer's Tax will be doubled to 30%;
* The BC Foreign Buyer's Tax will extend throughout ALL of BC, not just Vancouver (Victoria and Cowichan Valley included);
* The Property Transfer Tax will be raised significantly, up to 12%;
* A massive increase in supply with 114,000 new units being built;
* A speculator tax of 2% per year will be place on empty homes as well as on those owners who have more than one investment property;
* A task force on foreign money laundering and speculative tax fraud will be created;
* Implementing rent controls by removing the 'fixed term' loophole in the Residential Tenancy Act that allows rent increases beyond the CPI indexed increase in regular leases
* A capital gains tax on people who have lived in a property less than 5 years when they sell.
For those looking to sell or buy, the market will be changing to the downside very quickly with those measures.
In light of the pending market changes, I have three properties available for sale for those looking for long-term rental income or those looking to buy their first house:
* Mill Bay - A 2011 four bedroom, 2 bath, 1 car garage on 0.25 acre for $549,000
* Cobble Hill - A 1999 three bedroom, 2 bath, 1 car garage on 0.4 acres for $489,000
* Cowichan Bay - A 2003 four bedroom, 2 bath, 1 car garage on 0.20 acres for $515,000
Please contact me if you are interested.


Category:  Houses  |  Address:  Cobble Hill British Columbia

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