Category: Real Estate

Vancouver, a bustling city known for its stunning landscapes and high quality of life, has been grappling with a worsening housing crisis for years. Skyrocketing home prices and a shortage of affordable housing options have resulted in a city where many residents struggle to find a place to call home. In response, the local government introduced the Empty Home Tax (EHT) in 2017, a policy aimed at increasing the availability of rental properties and curbing speculative investments. But has the EHT made a significant impact on the city’s housing woes, or is it merely a drop in the ocean?

What Is The Empty Home Tax?

The Empty Home Tax is essentially a 1% annual tax levied on the assessed value of residential properties that are vacant for at least six months of the year, with some exemptions. The idea behind the tax is to incentivize property owners to rent out their vacant homes, thereby increasing the supply of rental units and easing the pressure on the housing market.

Since its implementation, the EHT has generated millions of dollars in revenue, with the city of Vancouver reporting an additional $39.4 million in 2019 alone. This revenue has been allocated to affordable housing initiatives, such as the construction of new social and co-op housing units, as well as grants and subsidies for low-income renters.

While the Vancouver empty home tax has undoubtedly had some positive effects, critics argue that it is not an all-encompassing solution to Vancouver’s housing crisis. The tax only applies to empty homes, which represent a small fraction of the overall housing market. Furthermore, some property owners may choose to pay the tax instead of renting out their properties, especially if the potential rental income is lower than the cost of the tax.

In addition to the EHT, other measures have been introduced to address the housing crisis in Vancouver, such as stricter mortgage regulations and foreign buyers’ taxes. However, these measures alone may not be enough to fully alleviate the city’s housing woes.

Conclusion

While the Vancouver Empty Home Tax has generated revenue for affordable housing initiatives and encouraged some property owners to rent out their vacant homes, it is not a silver bullet solution. A comprehensive and multi-faceted approach, addressing factors such as land use policies, rental regulations, and housing affordability, is vital to tackle the city’s housing crisis effectively.

North Bangalore has witnessed a rapid growth over the past decade. The area has become one of the most sought after residential destinations in the city. Today, North Bangalore is a favorite residential destination for people who are looking for luxury homes and apartments. The area has several elite residential projects that have been developed by reputed builders.

The best part about living in North Bangalore is its proximity to some of the best schools, colleges and hospitals. It also offers easy connectivity to prominent business districts such as Indiranagar, Koramangala and Whitefield.

The property market in this region is very dynamic with new projects coming up every year. This makes it easier for you to find a property that suits your budget and lifestyle requirements. There are many developers who offer flats and apartments at affordable prices in this region making it an ideal location for middle-income earners as well as high-income individuals looking for their dream home.

The region is well-connected through various modes of transportation and the property prices in this region are also quite affordable for middle-income earners. The proximity to some of the best schools, colleges and hospitals makes it an ideal location for families who want their children to get a good education.

If you are looking for a property in this region, you can find options such as apartments and villas that offer all the amenities that you need. These properties will help you save on maintenance costs since they are well-developed with modern facilities such as electricity backup, water supply and security features.

Brigade Oasis is a new plots development in Devanahalli. It will be one of the most popular residential projects in Bangalore. It offers plots with modern amenities. The property is well-located, which makes it easy to access various modes of transportation like buses and metro stations.

When you’re facing something as frightening as the prospect of foreclosure in Alberta, there are probably many things that you’re concerned about. Losing your home is serious, and you should take the time to educate yourself about Alberta foreclosures instead of doing nothing and just letting it happen. There are options when it comes to foreclosure, and as long as you’re willing to research them, you can avoid foreclosure altogether. Foreclosures can be avoided with a few different efforts, including checking into companies that invest in real estate and want to buy your foreclosures before you lose them completely. This is just one of the many options that you have, so you should learn about Alberta foreclosures before jumping into anything.

Companies that invest in real estate, as well as individual investors, are always looking for foreclosures to buy. These companies invest in foreclosures because they can afford to. What was once your headache brought on by your foreclosure can be a profitable endeavor for them. When it comes to foreclosure, finding a company that will buy your home is a much better option than just letting the process of foreclosure happen. It doesn’t matter whether you are facing foreclosures because you’ve lost your job, bought a house you couldn’t afford, or are struggling to make payments for any other reason. Foreclosures are completely avoidable, if you’re willing to take the time to learn about the process and what you can do to avoid it.

Foreclosures can ruin your credit, as well as any chance that you might have had at a financial future. For this reason, it’s advisable that you look for other options instead of foreclosure, including companies that want to buy foreclosures before they are taken by the bank, so that you have the best chances of avoiding foreclosure completely. Finding a buyer for your home that is bringing a mortgage might prove to take much longer than you actually have, which is why these companies are useful. You don’t have to know a lot about foreclosure process Alberta to begin with (learn more here: https://bridgedalehomebuyers.ca/foreclosure-process-help-calgary-alberta/). If you’re willing to do the research and put in the effort to find an alternative, you can save yourself from Alberta foreclosures in many different ways. However, if you do nothing, you will likely lose your home regardless.

Even if you’ve tried to work out a solution with your mortgage lender to no avail, you can still find an alternative to foreclosures. Instead of waiting for an individual buyer to come along, which may take months, you should consider finding a company that will buy foreclosures for cash, giving you a quick sale and an easy way out.

Singapore is also known as a garden city and you will find a blend of western and Asian culture here. Business opportunities provided by the city draws many foreigners to Singapore every year. There are air conditioned shopping malls, museums, theaters, galleries, pubs, parks and restaurants in Singapore which can keep you engaged during relaxed hours.

Due to the increase in the number of foreigners, demand for home is also huge in Singapore but there are many places available for living. You can find temporary or permanent houses here. Now, if you are thinking how I can find a house then the task is not that tough. You can ask your friends or family members to help you find a good property or get in touch with local property dealers. You can also browse online and find companies providing real estate service and select the best one. Local property dealers and real estate agents have all the information about good property in Singapore which includes newly launched ones like The Antares, new real estate development near Mattar Road.

Property agent that you appoint will help you select a house, depending on your budget. There are many private property and condominium in Singapore. Private properties are usually for people in higher income bracket because living in it means you need to bear the expenses of maintaining it but condos are just the opposite. Here are some advantages of living in a condo.

Condos are usually situated in locations that are well developed. This means you will find all the required amenities like schools, banks, health care centers, shopping malls, dining area and even tourist attractions nearby. They also provide seamless connectivity, which means you can easily reach any corner of Singapore.

Home means a place where you and your family are secured. Condos in Singapore line have been designed keeping in mind all the security features. They have security guards and CCTV camera system installed all around to make sure that 24-hours security is provided to the residents living in it.

Even if you live in a private home or a condo, maintenance is necessary whether for the surroundings, interior or exterior of the house. Living in a condo means you will have to pay a monthly fee and avail maintenance services. Thus you save money because you don’t have to call an expert and pay him extra for changing a faucet or electric wire.

Most of the condos in Singapore, especially the newly launched ones are designed keeping in mind the luxury of the owners. They have a wide range of facilities starting from swimming pool, gym, Jacuzzi, BBQ area, fitness station, dining lounge, club house, tennis court, meeting room, banquets, car parking area and shops. You can also enjoy the beauty of nature by owing a condo in Singapore.

Every condo in Singapore is run by an association. As soon as you become a resident you also become a part of the community. Being a part of a community means you get to know new people. You can also spend time in solving the condo issue such as maintenance and also plan activities where people can enjoy and have fun.