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New Year Begins with New BC Home Flipping Tax
Global News
On January 1, 2025, B.C.'s new home flipping tax went into effect. The tax applies to the profit earned from selling a property in British Columbia (including presale contracts) if it is owned for less than 730 days.
Anyone who sells a home within a year of purchasing it will have to pay a 20% tax rate on the profit, which then drops to 10% after 18 months, and then down to zero after the person has owned the property for more than two years.
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Get Started on Your 2025 CPD with CHBA BC Webinars
CHBA BC Education
Industry Guide to (Not Zero) Carbon Step Code
This session will take a detailed look at how the Carbon Step Code works, what options are available for homes in Metro Vancouver and potential allowances for high carbon fuels.
Date: Thursday, January 30
Time: 9:00 a.m. – 11:00 a.m.
Cost: $75 (25% off for CHBA BC members)
CPD Points: 2
Register Here
Building for People: Meaningful Access in Built Environments
This engaging, thought-provoking session will introduce members to the diverse experiences of disability and the principles that construction professionals can bring to their work to support the building of environments that are accessible for everyone.
Date: Thursday, January 23
Time: 9:00 a.m. – 10:00 a.m.
Cost: Free for CHBA BC members, otherwise $25
CPD Points: 1
Register Here
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2025 Georgie Awards Finalist List is Coming Soon
CHBA BC
 The judging process has begun, and we're compiling the finalists list for the 2025 Georgie Awards.
Results and ticket sales for the 2025 gala will be released later this month. Keep an eye on the Georgie Awards website for more details. The gala is scheduled for Saturday, March 22 at the Hyatt Regency Vancouver.
A big thank you to the amazing sponsors who make the Georgie Awards possible.
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New Leadership at CHBA Northern BC
CHBA BC
We're pleased to welcome CHBA Northern BC's new Executive Officer, Katherine Carlson.
Formerly the executive director of the Central BC Railway & Forestry Museum, Katherine takes on the role left by Terri McConnachie.
"Katherine brings the experience and attributes we need to support the association's continued growth, to skilfully advocate for our members, and firmly position us as the voice of residential construction in our region,” said Angèle Heinrichs, President of CHBA Northern BC.
Click here to read more about CHBA Northern BC's new Executive Officer.
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BC Building Code Changes Effective March 10, 2025
BC Government
Projects for which building permits are applied for on or after March 10, 2025, are subject to the seismic and adaptable dwelling unit requirements in the BC Building Code 2024:
- 100 per cent adaptable dwelling units in large condominium and apartment buildings; and the first-floor dwelling units in new small apartments and condominiums to be adaptable;
- Reinforcement of bathroom walls to allow future installation of grab bars;
- Lateral load design changes for housing and residential buildings, including all Part 9 and Part 3 residential projects.
Projects for which drawings were prepared before March 8, 2024, have an extended 2-year in-stream protection for the seismic and adaptable dwelling unit requirements. Review the criteria details here.
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Application Period Open for BOABC Student Awards
BOABC
BOABC's Student Awards are being offered again to increase access to Association educational programs and help interested individuals become building and plumbing officials.
Details on the awards program are available here. The deadline to apply for a Student Award is February 28, 2025.
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Weekly Update
Canadian Home Builders' Association of British Columbia
400-6400 Roberts Street | Burnaby, B.C., V5G 4C9
604-432-7112 | Contact Us | Privacy Policy
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