Frank Zhang张琳


  Buy a Home

Let me help you every step of the way. When purchasing a home, you are faced with a multitude of decisions!

  Sell your Home

When choosing to sell, I will always strive to get you for top dollar for your home in a timely manner.

  Start your Search

Know exactly what you are looking for in your next home? With our search tools you can narrow down your search...

  Home Evaluation

Recent trends and home sales gives me an accurate analysis of your homes worth...


Premier Christy Clark said her government is planning to make changes to the foreign homebuyers tax, saying it will exempt those in Metro Vancouver who have work permits.


Clark made the comments Sunday while speaking to reporters at a Lunar New Year event in Vancouver.

"We're going to lift the foreign owners tax on people who have work permits, who are paying taxes and living in British Columbia as a way to encourage more people to come."


Clark did not elaborate on the proposed changes. She was addressing U.S. President Donald Trump's immigration order that bars citizens from a select group of Muslim-majority countries.


Clark told reporters that her government opposes the ban.


"We are going to fight to make sure that people who are dual citizens, Canadians who may hold a passport from Iran or Iraq or Syria — can continue to travel. Those are the values we stand for as Canadians."


Clark's Liberal government introduced the tax in August 2016. It adds an additional 15 per cent property transfer tax on buyers who are not Canadian citizens or permanent residents.


The impact was immediate as sales in Vancouver dropped 26 per cent in August compared to the previous year.

The foreign homebuyers tax legislation does not have to be amended to make this change.


The intention of the tax was was not to prevent foreign nationals from coming to B.C. to live and work, a government spokesman said

Post CommentComments: 0Read Full Story

Post CommentComments: 0Read Full Story

VANCOUVER (Reuters) - First-time home buyers in British Columbia, home to Canada's most expensive real estate market, started applying for loans from the provincial government on Monday under a program it says will make ownership more affordable.

The Western Canadian province last month unveiled a plan to provide 25-year loans of up to C$37,500 ($28,480) to qualifying buyers to help with their first down payment. The loans are interest-free and require no repayment in the first five years.

Twenty-four applications had been submitted as of 1 p.m. PT (1600 EST), a spokeswoman for the minister responsible for housing said in an email.

The program has been criticized by economists and academics who say it will pile more debt onto already financially-stretched residents and increase home prices even more in a region where a supply shortage is the real problem.

Some have said the plan, launched four months before a provincial election, is politically motivated.

"If this program does anything, the only thing it can do is increase demand. It can't increase supply. That puts upward pressure on prices and ultimately harms affordability," said Joshua Gottlieb, an assistant professor of economics at the University of British Columbia.

The provincial government and Vancouver's municipal government have taken several steps over the past year aimed at cooling the red-hot housing market. Prices for a typical single-family home in British Columbia's biggest city surged 19 percent last year to nearly C$1.5 million.

Most notable was a 15 percent tax introduced in August by the province on house purchases by foreigners in Vancouver after many residents and housing advocates complained that international buyers, especially from China, were driving up prices.

The tax has damped sales and led some real estate agents to forecast near double-digit percentage declines this year in prices, which until now have remained resilient. Since August, Vancouver-area home sales have fallen each month and in December dropped nearly 40 percent compared with the same month a year earlier.

For prices to become more affordable, however, supply needs to be increased, Gottlieb said.

"The city government should make it much easier to increase density. And the provincial government should pressure the city to do that," he said.

Post CommentComments: 0Read Full Story

请看BC 省官网链接(包括中文PDF 附件):


Post CommentComments: 0Read Full Story