Savvy Dorm Furnishing Tips from the Best Furniture Stores in Los Angeles

small room sofa ideas

When studying for college, nothing beats having the comfort of purposeful furniture. The best furniture stores in Los Angeles are brimming with pieces that can turn your dorm room into the perfect home away from home. Consider these smart furnishing hacks for a space that balances study, fun, and rest!

5 Great Dorm Room Furniture Hacks

More than just getting useful furniture for your dorm room, this exercise in furniture purchasing and arranging will prepare you for your independent life ahead. Maximize this opportunity. Use these smart furniture tips to upgrade your dorm room.

1. Invest in a loft bed.

Create space by choosing a loft bed over the conventional floor bed. Most dorms have high ceilings to accommodate this type of bed design. Capitalize on this feature to add more space to your room. You can use the portion under the bed to store your belongings, create a mini-lounge area, or make a study nook!

Have a roommate? Recommend a loft bed for them as well. If both of you use this amazing, space-saving furniture, the room will look and feel twice as spacious.

2. Use multifunctional furniture.

Conquer small space problems without compromising your dorm’s look and function using multifunctional furniture. Get a pull-out sofa bed, invest in a study desk that doubles as a dresser, or purchase an ottoman with a hidden storage compartment.

Get comfortable sheets, but don’t overspend. Instead of layering your bed, go for a thick, cozy comforter. You can use it to keep warm when you sleep and stay cozy when pulling all-nighters. Save space with strategic furniture and décor selections.

3. Snag a great sofa and coffee table combination.

If you have a common space, consider furnishing it with a sofa and table setup. Visit high-end furniture stores in LA for a wide selection of stylish seats and surfaces. Consider contemporary couches. With their unique and comfortable design, they’re perfect for personal and shared dorm rooms alike.

Choose a compact coffee table that won’t interfere with the natural traffic flow of the room. Consider the dimensions of its intended spot carefully. Don’t compromise your space for style. Select one that has storage space underneath for your study essentials.

4. Choose soft lighting.

Harsh lighting can be bothersome to either roommate when the other one is using it. This can be a major problem, especially if the glaring, overhead fixture is your dorm’s only light source. Fix this issue by adding other light fixtures to the room.

Get a desk lamp for late study sessions. The best furniture stores in Los Angeles have sleek-looking lamps and pendants that can subtly style up your dorm room. Love reading in bed? Get a lamp that you can attach to a rail or the headboard of your bed.

5. Acquire storage for your clutter.

Make sure all your belongings have their own storage area or unit. It’s the best way to keep your space neat and free of clutter. Modern dressers are an excellent option. Not only are they stylish, but they’re also a versatile storage compartment. You can store clothes, accessories, books, and other items in their sturdy drawers.

If you are getting a desk, select one that has several drawers or cabinets for your study essentials. This will help you keep everything you need handy without cluttering your space.

Give Your Dorm Room a Furniture Upgrade!

Set yourself up for the best college life. Make the most out of your dorm space with smart furniture selections and arrangements! Shop only in the top modern furniture stores in LA for the best multifunctional pieces for your room.

Designing 101: Modern Bedroom Furniture Hacks

Modern bedroom furniture is always a great choice when decorating your bedroom. However, if you wish to make your bedroom extra special, you need to go beyond the standard way of decorating and add your own brand of pizazz to your space. Instead of putting out money for that Italian four post bed, get some standout features for your decorating project!

Child Playing In Bed. Kids Room. Baby Boy At Home.

Take Your Bedroom to the Next Level

With some bright and daring choices, you can give the best interior designers a run for their money in creating stupendous bedrooms. Decorate your way to a high-class personal space by doing the following:

  • Add more color and character to the walls

Having white walls in a bedroom gives off a stark appearance. Put a little paint or wallpaper to give the bedroom a warmer, more inviting aura. If you want a splash of color without being too loud, go for a deep gray hue. The color will give your bed, rugs, and table a chance to stand out, so much so that you’ll be more enthused to sleep in the room.

  • Make use of glamorous lighting

When you select a unique and luxurious lighting piece, it’s easy to make the whole room follow suit. Put in lamps or pendants to place a sophisticated finish to your room. Select fixtures with extravagant materials such as glass, crystal, or gold. You can also bring in a uniquely shaped lighting into the room as a visual focal point. Thoughtfully chosen pieces can make any room look classier than usual.

  • Select a standout headboard

Apart from the lighting, an element in the bedroom that instantly draws attention is the bed’s headboard. Placing a thoughtfully designed headboard adds glam to your custom-made bed. The headboard doesn’t have be too pricy, but it should have a feature that stands out. The unique element can be a vibrant color, an exquisite shape, or a lush fabric like linen, chenille, or velvet.

  • Invest in a plush blanket

One of the standard features of luxurious bedrooms is a soft throw blanket. Search for one at your local fabric store. Get a soft throw blanket that complements your overall look. With just a single piece, you can elevate your plain-looking bed with unmistakable flair.

  • Place mirrors around the bed

Another hack that designers use in making a room look glamorous involves adding a mirror above a nightstand. This helps in adding flair to the bedroom wall, and makes the room look and feel grander. Select a mirror that has gilded details or a unique shape to emphasize style.

  • Place more pillows

Every one of us has seen bedrooms that boast a lot of throw pillows on the bed, giving the furniture a lavish look. You can achieve this style by getting Euro-sized pillows (which measure 26 x 26 in), standard pillows, and smaller throw pillows. In doing so, you can up the plush factor of your room.

  • Choose bejeweled nightstands

Most bedside tables are straightforward in style. Consider investing in a luxurious night table. Choose one that has a reflective element, like a brash or crystal finish, to achieve the subtle but sophisticated aesthetic. For the ultimate glam look, get ones with gem-embedded designs. When styling it up, make sure you don’t go overboard with your ornaments. Keep it clutter-free.

Move Toward Modern Luxe

Getting a glam bedroom does not mean every piece has to be glistening or expensive. With creativity and thoughtful spending, you can shape up your bedroom to be like a celebrity’s without compromising its distinct personality.

Get your creative juices flowing, and pair up your mid-century bed with classy yet affordable furnishings. By the end of your redesign, even your friends will be raving about how celebrity-like your space is!

Common Mistakes in Bathroom Remodeling in Los Angeles, CA

Bathroom remodeling in Los Angeles, CA can be done either as a solo job or with the help of hired professionals. Like any other home remodeling job, there are some mistakes that should be avoided at all costs.

Man setting tile on cement board

5 Mistakes to Avoid for Bathroom Remodeling

Bathroom remodeling entails a lot of attention to detail. A single overlooked detail can lead to bigger complications. To ensure quality bathroom renovations, make sure to avoid these mistakes:

  1. Moving Bathroom Fixtures

Bathroom fixtures are installed for a reason—and moving the bathroom fixtures can be one of the biggest mistakes you can make. Plumbing is set around your home to drain water efficiently. Moving fixtures such as bathtubs and sinks can ruin the plumbing, causing you an even bigger plumbing problem to deal with.

  1. Overlooking Small Details

When it comes to installing a shower or bath wall surrounds in Los Angeles bathrooms, even the smallest detail can matter a lot. Small details such as paint chips, small cracks, and whatnot can greatly affect the quality of the work. Make sure to pay close attention to anything surrounding your bathroom.

  1. Making Unrealistic Budget Plans

Bathroom remodeling can cost a lot, depending on the work you want done for your bathroom. The most important thing here is to be as realistic as can be with the budget you have. work only with the budget you allotted and make sure to consult with your contractor to avoid costly mistakes.

  1. Forgetting about Storage

A bathroom is also important for storing extra items you have, particularly extra toilet paper, cleaning supplies, and other items of the sort. Storage is important no matter what room in your home you choose to remodel—and when this is overlooked, your bathroom can become a bit inconvenient to use.

  1. Improper Spacing

Shower installation in Los Angeles is another form of bathroom remodeling, which makes space an important thing to factor in for the job. Improper space layouts can make your bathroom a bit uncomfortable to use, especially when you install a shower.

Make Bathroom Remodeling Easier to Handle!

Avoid these five mistakes during your bathroom remodeling in Los Angeles, CA. Trust in the work of professionals and/or have confidence in your remodeling skills, and any bathroom can transform into what you envision it to be!


Spice Up Your New Home with a Contemporary Sofa

Now that you have a new home, it’s time to transform it to reflect your personality and sense of style. Start off your home redesign project by purchasing a contemporary sofa!

Contemporary Sofa

The Best Reasons to Get a Sofa with a Contemporary Design

Sofas are some of the most common pieces of living room furniture in Los Angeles homes. Guests can sit on it when they visit, and it can also make a great centerpiece for your living room. You can also add some throw pillows on it to make it look better and even more comfortable for your guests.

With their contemporary design schemes and variety in aesthetics, these sofas are what most people are looking to get for their homes. If you’re looking to get one of your own, here are some of the best things to consider:

  1. Aesthetic Flexibility

Getting a sofa that can fit anywhere in your living room is a great reason to consider when getting a contemporary-designed sofa. The more flexible it is aesthetically, the more worthwhile purchase for your home.

  1. No Shortage of Options

Another thing that’s great about contemporary sofas is that you can never run out of options when choosing one. Most sofas can come in different colors, fabrics, patterns, and sizes, and can also come with different accessories to liven it up. Depending on what you’re looking for, you won’t have to worry about having a hard time choosing a sofa for your living room.

  1. Wide Availability

Many furniture stores offer contemporary sofas for Los Angeles homes. With that much availability wherever you go, finding a sofa for your living room becomes easier. You also get access to great deals without having to worry about the overall cost.

  1. Easy Care and Cleaning

Owning a sofa for your home entails care and maintenance on your end, just like other pieces of furniture you own. Cleaning and caring for your sofa on a regular basis can not only make it look better, but will also improve its durability.

  1. Extra Space Provision

While adding a sofa can take up some room in your home, it can also give you extra space to use. A contemporary sofa can serve for seating and sleeping when you have guests come over your new home. Also, depending on the build of the sofa you’re looking for, you can also get more storage space.

Go Contemporary for Your New Home

Besides sofas, there are many different quality pieces of furniture that you can get with a contemporary touch on it—and with these things to consider for the sofa, giving your home a contemporary touch will surely be worth it.

Important Things to Keep in Mind when Installing Artificial Pet Turf

When you have a dog or any other pet, you know how important it is for them to play and run around always. However, natural grass spaces are not only rare, their soil also sticks to our pets’ paws, which is a problem when they go into the house. This is why artificial pet turf is one of the best choices you can make as a pet owner. With a synthetic grass space, you get soil-free turf that requires little watering and maintenance, and has a pet-friendly structure.

Cute toy terrier on artificial grass

Pet Grass Checklist

Keep in mind that there are synthetic grass types which fit pets to a T. With lots of turf options available online and in our local stores, you just need to figure out which are the best ones for your pet. Here are a couple of the criteria you have to consider when choosing your grass surface:

  • Quality of the Turf

Not all types of turf are made equally. Quality can range from simple plastic fibers up to synthetic fibers that have the aura of natural grass. Brands like Express Turf are created notably for pets. It also meets every environmental guide and has soft and natural blades.

  • Odor Protection

Odor is one of the strongest considerations for pet owners. Having to clean pet waste is something made easier with artificial grass because you can pick up waste easily or wash it out with a hose.

On the other side, there are issues with pet owners regarding urine on artificial grass. With the passage of time, the smell of urine will cause a bad smell, even if you clean it up all the time.  A turf deodorizer has to be put at the base so that odors can be neutralized in the future, so that you have a fresh smelling lawn.

  • Quality of Installation

While you can hire someone to do your lawn for you, installing synthetic grass for dogs will be much cheaper. Also, if your pet is very active and plays rough, it’s advisable to have installation done seamlessly to maximize your investment.

Artificial grass stores have manuals for installing their turfs. These are usually given whenever you buy products from them. Try to get a sample, so that you have an overview of your installation project.

  • Quality of Infill

The layer underneath the artificial grass is important as the turf itself. The main types of infill include crumb rubber and silica granules. If you are a pet owner, better attention should be devoted for silica granules. It is more durable compared to crumb rubber.

Silica granules are also more suited to foot traffic. The fill type has an antimicrobial coating which aids in stopping the spread of bacteria from pet waste, which makes it better for your family. Silica granules also help in cooling down artificial grass during very hot summers.  Lastly, silica granules are light colored and reflect heat, which keep turf cooler compared to crumb rubber infill.

Make Careful Considerations on Your Grass

Treat buying artificial grass as a good investment. If done right, your artificial grass will give the property the shine and value it deserves. Just like getting other types of synthetic turf such as putting greens in San Jose, artificial turf for dogs need to be thought of carefully. Don’t fall in a trap of getting second-rate manufactured surfaces.  With many options and reviews on the Internet, you’re sure to find the turf your pets will love to play around in.

Tiny House Decorating 101 with Modern Furniture in Los Angeles


The Tiny House Movement started with people who wanted to live more mindfully with much less space and belongings. Real tiny houses typically measure a total of 120 sq. ft., and rarely exceed 500 sq. ft. Decorating such limited space with modern furniture in Los Angeles is certainly challenging, but you can make it work with these easy interior design secrets!

What to Do When Decorating a Tiny House

Tiny homes dare you to be resourceful and to consider your home from a new design perspective. Arrange your tiny house like a pro with these tips:

  • Choose sectional sofas.

Maximize seating capacity by getting a long sectional sofa. Pushing it against the wall helps you make the most of your limited real estate, and you can vary the combinations to accommodate guests or to switch up your seating position.

  • Be smart about space.

Using mirrors strategically can make even the tiniest home feel large. Some tiny house owners take advantage of this visual illusion by covering an entire wall with mirrors. If you want something more subdued, begin with a full-length mirror, then hang some small ones to enhance the effects.

In addition, negative space is crucial as well. This means keeping parts of your house empty so that there’s space for the eyes to rest. One way to do this is to avoid filling up your walls with décor and selecting just a few tasteful ones on display.

  • Try out wheeled storage.

Industrial trolleys and bar carts from modern furniture stores in Los Angeles are a creative storage trick that’s perfect for tiny homes. They’re easy to move while helping you organize items in one place. They’re easy to hide away as needed, too!

  • Stick with wall lights.

Brighten up enclosed spaces with wall lights, pendants, or recessed lights. They are excellent sources of light that won’t take up precious floor space.

  • Invest in open shelving.

Open shelves do double duty in a tiny home – they offer storage while making the room feel open and airy.

Pro-tip: showcase an eclectic collection of your best items (i.e., vintage plates, swoon-worthy linens, gorgeous candles, etc.) to open up closet space and create an interesting display at the same time.

  • Hang one large piece of statement art.

Having a large-scale art piece in a tiny space may seem counterintuitive, but it’s a classic interior design trick to make a room feel instantly luxurious. It gives your design scheme a focal point, showcases your personal aesthetic, and prevents your walls from getting crowded.

Decorating a Tiny House: Other Rules to Remember

Done with most of the design? Keep these in mind as you come near the decorating finish line:

  • Less is more – be thoughtful about the furniture you bring in, and get only what you need.
  • Avoid visual clutter – resist the urge to fill your home with decorative knick-knacks and choose items that are truly meaningful for you.
  • Go for multi-tasking pieces – as much as possible, go for multipurpose furniture such as tables with built-in drawers.

Whether you’re designing a tiny house or a massive mansion, you’ll find contemporary living room furniture, dining sets, and modern outdoor furniture from LA’s modern furniture stores. Schedule a visit and get inspired to make the most of your home!

Designing Happy: Improving Mood with Scalamandre Fabric

Having a difficult time coming home after work? Is it harder to relax even when you’re in the privacy of your own home? Maybe it is time for some re-design! Grab your Scalamandre Fabric wallpapers and let’s explore how interior design can lighten your mood.

Panorama Of A Bright, Spacious Living And Dining Room Interior W


Since the Ancients

Using your surroundings to influence emotions is not a new concept. This has already been utilized by the ancients—the Indians with Vastu Shastra, the Chinese with Feng Shui—but it is only a few years ago have we truly studied how interior design and psychology correlate.

Several studies have been done that shows the ability of elements of interior design to evoke and positively influence the emotions of people responding to it. These then open the gates to a wealth of methods one can influence the mood through design.

Here are a few tips that can, literally, brighten your mood!

  1. Let there be light
    How space is lit is important with regard to its overall ambiance. Natural sunlight washing through your windows has been proven to increase your serotonin levels—the so-called happiness hormones. This helps combat depression and lighten your mood.Get rid of heavy, dark curtains. Remove reflective surfaces which will bounce off sunshine instead of letting them through. Maximize natural light and see your emotions rise!
  2. Plant is life
    Sticking with the “natural” theme, plants are also a welcome addition. Many studies show that proximity to plants can not only improve your mood but also boost your concentration and memory retention as they help ease stress.In addition to that, plants are natural air purifiers. Having some in your home can do wonders with the air you breathe. What, you don’t have a green thumb? Don’t worry, there are plants like succulents and air plants that almost care for themselves.
  3. Colorful world
    What is design without color? Color has been used by various industries to elicit the response they need from consumers. From the food industry to advertising, to fashion, color has been known to set moods because of its various psychological effects. Some colors tend to evoke sadness while others can calm and relax your mind.If you intend on using colors, be sure to match the appropriate hues to the appropriate room in the house. For example, soothing neutrals relax and mellow your mind, which is perfect for your bedroom. On the other hand, loud and vibrant colors will work well in your office or outdoor space because of their energizing power!It is worthy to note, however, that the effect of colors is subjective and might be different to each person, so tune your environment according to your own vibe.
  4. Unload
    What was Albert Einstein’s famous quip?“If a cluttered desk is a sign of a cluttered mind, of what, then, is an empty desk a sign?”He might be talking about thinking of physics, not of interior design as how many times have you come home from a long day’s work and be surrounded with stuff—piles of useless (or maybe sometimes useful) objects scattered everywhere. With a vision like this, you are more likely to feel stressed and overwhelmed.Let’s follow the cue of minimalists and work on emptying our homes, retaining that which matters and are useful.

So start relaxing now. Do you know what will complete these steps? A Ralph Lauren wallpaper! Great! Shop now and start decorating your home happy!

Dan Greenhalgh Builds for the Community

Community in Canada

ENM Construction Management Ltd., founded by Dan Greenhalgh, is no stranger to business development projects. A couple of establishments around Metro Vancouver bear its seal of excellence. However, Dan is bent on a unique way of going about business, something beyond the traditional construction mantra of doing things.

ENM Construction Management has a mission of going beyond building and construction management, but for a community-forming type of business.

Venture in Purpose-Built Rental Projects

Dan Greenhalgh worked on development projects before starting the company in 2015. Since then, he has wasted no time and engaged in ambitious construction and renovation projects. Starting with Willoughby Walk and Taphouse Bar and Grill, he was able to deftly implement construction management projects with time and budget balance.

Having established himself in construction, he made rental housing his bread and butter. ENM is actually a pioneer in this field, as no one in the area has thought of venturing in this. According to Dan Greenhalgh, there are advantages when it comes to rental project investment compared to housing:

    a. Housing can get high, but will tend to average out and go downhill; while rental always moves up even with its slow and steady pace.

    b. Rental-based housing is scarce in Vancouver, and because of low vacancy, rent on available units tend to be high.

Seeing the potential in rental housing, ENM hopes to create homes with quality materials, which will lead to more affordable housing.

Community Projects

Greenhalgh’s commitment to community-based projects has found fruition in two establishments:

  • Briskham Townhomes (Habitat for Humanity)
    In partnership with global organization Habitat for Humanity Project, ENM Construction is building a townhome development which will give 19 families affordable housing. Only a few minutes away from transit, these houses are testament to ENM’s community forming attitude.
  • ISOasis Feline Shelter ( Langley Animal Protection Society)
    By partnering with Langley Animal Protection Society (LAPS), ENM Construction was able to build a 1100 sq. ft. habitat for abandoned and rescued cats. A charitable project, the ISOasis was built at cost. ENM Construction also happens to manage this property.

Close Camaraderie

As project manager, Dan Greenhalgh draws inspiration for his community-building advocacy from his ENM team. “We’re a close group of people, and I love coming to work everyday and getting things done with this team,” he states. “So that’s my biggest motivation to come to work, I just enjoy being around them.”

The Only Way Is Up

ENM’s growing list of projects coincides with a construction boom—not just in Vancouver, but in the whole of Canada. Dan Greenhalgh recognizes the challenge, and hopes that he will be able to make an imprint with his building advocacy. With a line-up of services that include Merchant Building, Construction Management, and Development Management, ENM Construction is set to make a positive impact in their purpose-built rental and community building business.

Foreign, Speculative Investments, and the Construction Management Industry

Soaring housing prices have been a serious challenge in Canada for years now. Different stakeholders have also made numerous proposals, and part of this vague picture of possible solutions includes foreign and speculative investment issues. Below are some discussion points on this matter, as well as their relevance to the construction management industry and other relevant issues.

Current status

The first two items in the British Columbia 30-point plan for a fairer housing market read as:

  • Taxing speculators who are driving up housing costs
  • Increasing the foreign buyers tax rate to 20%

These actions, while intended to be part of the solution, are still being hotly debated today by different critics. Reactions from British Columbians have also been solicited, and a Mustel Group’s survey says that the British Columbians support measures to reduce speculative investment. From this point of view, it would seem like the movement to impose tax on the speculators is just the right option.

On another note, boggling questions have also been laid down to challenge these actions. For instance, some are very keen in asking if foreign investors are the ones driving the prices of housing. This question surfaced in lieu of increasing foreign real estate investment, especially that of China, whose outward real estate in general increased more than 200-fold in 2014, based on a University of Alberta occasional paper series report by Kerry Sun.

Construction Management Industry

Another part of the 30-point plan includes investing $6 billion-plus investment in affordable housing, which falls under the general direction of “building the homes people need.” This hefty investment was labeled as the largest one poured by the government for housing affordability. With such investment, more housing developments are expected and thus, increasing housing supply. When this path is pursued, construction management industry can play a big part in boosting the housing supply in the country.

Data is the Key

In the same 2015 report by Kerry Sun, it was argued that there is a need to have a better set of data to help guide all the stakeholders to the proper direction of housing in Canada. This is true especially when we are talking about foreign investment on real estate. It says that while foreign investments could affect the housing market of the country, the degree of effect can vary. Hence, enhanced collection of different foreign investment-related data, such as policies, can serve as a grease to ease the rough-and-tough decision-making for Canada’s real estate industry.

The 30-point British Columbia covered some parts of the data collection aspect of the housing crisis. Relevant points in the plan include:

  • Taking action to end hidden ownership, including a new beneficial ownership registry
  • Expanding information collection and information sharing with federal government to prevent tax evasion

Actions are indeed being taken by different stakeholders, but the crisis, of course, will not vanish in an instant. One thing is for sure – all eyes are in this predicament. The real estate industry in Canada might continue to be on fire in the coming years, but all hopes are toward its betterment.

The Pros and Cons of the BC’s Speculation Tax on Real Estate

Talks about property taxation can seem very intimidating, at best, or very murky, at worst, depending on the level of knowledge you have regarding housing issues, property laws and policies, and real estate jargons in your community. Case in point: one of the hottest issues circulating right now in the British Columbia community: the BC’s Speculation Tax on real estate.

You can scoff and say that this does not concern you: a middle-class homeowner in British Columbia who refuse to dabble in real estate. “I’m no speculator,” you might even say. That could be true, but this issue might affect you and your children, too.

Before we get into that, let’s see what the BC’s speculation tax on real estate is all about.

What is the BC’s speculation tax on real estate?

The speculation tax was first brought into our attention on February 2018, when the new BC government released a list of its provincial budget. This list introduced new taxes to be imposed, one of which is the speculation tax.

According to the BC government’s website, the speculation tax was designed to “take on” the provincial housing crisis, and “help make housing in overheated markets more affordable and available.” It is supposed to target speculators: people who invest in extra property in the hope that its value will increase profitably in the future. Through the BC’s speculation tax on real estate, the government aims to “force” speculators to open up these idly sitting properties to the market, unless they want to pay the 0.5% speculation tax on top of their property tax.

To help us see clearly, here are provisions of the BC’s speculation tax on real estate in bullets:

  • The tax applies to speculative properties on certain parts of the province

    According to the website, the tax will only be enforced to properties within the largest urban centres: Metro Vancouver, Capital Regional District (excluding the Gulf Islands and Juan de Fuca), Kelowna and West Kelowna, Nanaimo Lantzville, Abbotsford, Chilliwack, and Mission.

  • The tax applies to all speculators—foreign, Canadian, and British Columbian

    If you’re a native or a foreigner who owns property within the aforementioned British Columbian urban centres, you are expected to pay the tax. It doesn’t matter if it’s a family vacation house, or it wasn’t bought for speculator purposes. As long as it sits idle, it has to be freed for rental for at least six months a year, or the speculation tax will apply.

  • Taxes will apply on houses that are vacant and valued more than $400,000

    The 0.5% speculation tax will be based on the total value of your vacant or secondary properties. According to the Macleans website, there is also tax credit given for those who declare their BC income, but this is still unclear.

  • Special exemptions are provided

    According to the BC website, if the owner resides in a hospital or undergoing long-term care in a supportive care facility; temporarily absent because of work; or deceased, then the speculative tax exemption may apply. This also includes estates that are being administered.

The Flipside of the BC’s Speculation Tax on Real Estate

With the introduction of new policies come critics and sceptics; this does not mean they’re not welcome, though. These are few of the issues brought to the table by sceptics of the new tax, mainly from BC property developers.

  • The BC’s speculation tax on real estate does not solve the housing crisis

    For the ultra-rich, as pointed out in a Macleans article, 0.5% is a small sacrifice to pay to build up property and keep them vacant. In fact, the speculation tax will only most likely burden middle-class BC and non-BC residents from the property they are keeping for their families.

  • What the housing crisis is to reduce the cost to build

    According to Daniel Greenhalgh of ENM Construction Management, the speculation tax will not help lower housing and rental prices by freeing up more housing stock. What would help is for government to reduce the cost in building more houses.

The many issues that surround the BC’s speculation tax on real estate are far from over, but it helps for us to keep tabs on the pros and cons that may affect you and your family.