What Does a Home Mean to You: Karim Virani

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Meet Karim Virani, founder of Virani Real Estate Advisors based in Vancouver, BC. Karim’s warm, friendly demeanor is the first thing you will notice when you meet him. A Realtor since 1988, Karim’s passion for the real estate industry has garnered him many awards, consistently ranking top 1% of all Realtors in Greater Vancouver, and top 100 […]

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2017 – What to Expect in the Vancouver Housing Market

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Leading to and during last year, much of the real estate talk in Vancouver was centered on how to slow the market down in view of substantial price hikes.  But 2017 could spark a much different type of conversation. The 64 million dollar question is “will the Vancouver house prices drop in 2017?” Housing experts […]

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How the New Empty Homes Tax Will Affect You

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The Empty Homes Tax was introduced on January 1, 2017 to address the current state of the rental market in Vancouver, which has the lowest rental vacancy rates and the highest rental costs in Canada. It is hoped that the tax will improve Vancouver’s vacancy rate, which currently stands at 0.6%, by persuading the owners […]

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The Principal Residence Exemption: The Tax Implications of Selling Your Home – Simplified

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If you are one of the majority of the Canadians who own only one personal residence at a time, any gain on the sale of your home will be tax free, thanks to the Principal Residence Exemption (PRE). However, there are other factors that come into play that could impact your ability to fully or […]

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