TGIF: Your Friday Recap of Life in the YVR ‘Burbs!

This article was published on: 02/1/19 6:44 PM


Kung Hei Fat Choy! Gung Hay Fat Choy!

Yes – it’s Lunar New Year once more on February 5 when we usher in the year of the pig – 12th of all zodiac animals. Chinese myth has it that the Jade Emperor said the order would be decided by the order in which the animals arrived at his party. Pig was late because he overslept! But even so, pigs still symbolize wealth in Chinese culture with their chubby faces and big ears also signs of good fortune. Materialism motivates pigs to work hard and enjoy life. They are energetic and enthusiastic even for boring jobs.

The Spring Festival extends from February 5 through February 19. This is the time for only positive thoughts, words and actions. FlyOver Canada will be showcasing China’s beauty with ‘Flight of the Dragon’ for a limited time and the Chinese New Year Flower and Gift Fair will open February 5 at the Aberdeen Centre. Chinese art will be celebrated at the New Year Art Exhibition, opening 2pm February 9 in centre court at International Village Mall.

This Saturday gets our local celebration into gear with a Chinese New Year Dance and Cake Demonstration at Place Des Arts, on Brunette, in the historic Maillardville neighbourhood. Watch out for lanterns and fireworks around town.

On a less celebratory note, be aware of the new speculation tax and empty homes tax. This is a tax grab cleverly hidden under the guise of taking action on the shortage of affordable housing or on behalf of the homeless, who would not be living in your ski cabin at Whistler or your condo in wine country. Recreational property is a form of investment for many Canadians who will not be receiving a work pension and choose to invest in real estate rather than RRSPs or the stock market. These pieces of real estate are a buffer against a poor retirement as well as a reward for hard work and saving. We also have retirees who go south for the winter and of course their family home is vacant for these 4-6 months. Is the Government seriously suggesting that these folk have strangers in their home during this time? There is something very discriminatory and ill thought out about these new measures. For all the details go to Spagnuolo and Company Real Estate Lawyers. If you are guilty of paying a mortgage and enjoying a recreational property, creating your own pension fund by owning a revenue property or simply enjoying some winter sunshine in your retirement, watch out! For info see below. https://www2.gov.bc.ca/gov/content/taxes/property-taxes/speculation-and-vacancy-tax

If you want to know what we REALLY think about our residential market, please get in touch! We have you covered no matter the changes. Happy to consult long before you plan to move – be like the the Girl Guides & Scouts – prepared! Continuing in our tradition of trust and caring, your partners in real estate.

– Michelle, Scott, Sheila, Ray and Shane. Happy New Year!
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