As of January 1, 2025, British Columbia has implemented a new Home Flipping Tax designed to address rapid property turnovers and stabilize the real estate market. This tax targets property sales where the owner has held the property for less than 730 days (two years) and applies unless specific exemptions are met.

Home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver1 rose over thirty per cent in December, compared to the previous year, signalling strengthening demand-side momentum to close out 2024.

The Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 26,561 in 2024, a 1.2 per cent increase f...