What is a Home Appraisal? Everything You Need to Know
Home Appraisal | House Appraisal Buying or selling a home is one of the most significant financial decisions most people will ever make. With such a large investment at stake, both buyers and lenders need a reliable way to determine a property’s market value. That’s where a home appraisal comes in. If you’ve ever wondered […]
Retrospective Appraisal: When and Why You May Need One
Historical Appraisal | Date of Death Appraisal When most people think of a home appraisal, they imagine a report based on the property’s current market value. But there’s a lesser-known type of appraisal that plays a crucial role in legal, financial, and tax-related matters: the retrospective appraisal or also known as historical appraisal. This type […]
Change in Use of Property
Principal Residence Exemption | Capital Gains on Principal Residence | Change of Use If you’re a homeowner in British Columbia thinking about converting your principal residence into a rental property or vice versa, it’s important to understand how the Canada Revenue Agency (CRA) treats this change in use of property. According to CRA rules, any […]