What about GST, is it applicable?
Irina Bartnik- Notary Public • November 19, 2019
GST in a Real estate is tax that is applicable to the properties that produce income. It is responsibility of the Seller to collect and remit the GST. GST is often applicable on the residential properties that are owned by the companies, or to the properties that are used for short term vacation rentals. GST is almost always applicable on the sale of the empty lots.
Buyers are often surprised that they have to pay GST, as at the time of the offer this tax was not disclosed to them, or seller “did not know that it was applicable”. To make sure that you as a buyer do not get stuck with paying extra tax that you did not expect, insist in the clause in the contract : If GST is applicable it is included in the purchase price.
Call me if you have any more questions.
Langley Township council gave preliminary approval to a new development in Brookswood, but it’s unclear exactly how many homes will be built there. πFull Details Here
β οΈ Setting Up for 2026 | Watch Your Step The Fraser Valley real estate market is still adjusting as we move through January and begin setting up for the year ahead. π Prices continue to soften ποΈ Inventory remains elevated π Sales volumes are unusually low As we look toward the spring season, these three forces are shaping what comes next in the Langley and Fraser Valley real estate market. In this update, I break down the latest Fraser Valley Real Estate Board statistics and explain what I’m seeing on the ground, including: π·οΈ Pricing and where values are settling π¦ Inventory and who has leverage right now π Sales volume and what buyer behaviour is really telling us This is a market that rewards preparation, not prediction. Whether you’re buying, selling, or planning ahead for 2026, understanding how these pieces fit together can help you make better decisions. π Full market breakdown and stats π https://rly.forsale/Jan2026Stats π
Book a time to talk π https://rly.forsale/Chat-with-Andy
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