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Top Paint Colour Trends of 2018

A rose by another name wouldn’t smell as sweet, as the old adage goes, and the same can be said about homes. A wall by any other colour just wouldn’t suffice.

 

Choosing the right shade for your brush can be tricky, and like anything in life, paints go through ups and downs of popularity from the burgundy oranges of the ‘70s to the darker tones of the ‘90s.

 

In order to decide on the most up-and-coming colours, experts delve into what’s popular in the world of fashion, arts, pop culture, and even the automotive industry to create a palate of popular paints.

 

Consumer Reports, a non-profit organization providing unbiased product ratings and reviews, took a look ahead at the hottest colours of 2018 to paint a home.

 

Using their research, we’ve compiled a list of the top five trends of paint for your home this year:

 

Caliente (AF-290)
A vivid, lively red that creates impressions of strength and character. Some might find it too bold for an entire room but it’s the perfect shade for details — a door, a trimming or a window frame. Reds work especially well in the kitchen.

 

Oceanside (SW6496)
If you can’t escape to the seaside, why not bring the vibe of the sea to you? This mysterious blue hue, with a touch of green, will bring to mind images of mermaids and seashells. Works particularly well in a bedroom or bathroom, combined with creams or whites.

 

In The Moment (T18-15)
A much more subtle shade of blue-green, this colour is both calming and restorative. Slightly paler than a mint green, it can be used to paint an entire room to open it up and give a feeling of more space.

 

Honeycomb (HGSW2133)
A rich golden yellow that is halfway between sunshine and egg yolk, this colour is energetic and cheerful. It’s best used to accent an otherwise plain room or as a backdrop to a wall that is otherwise covered behind shelves or plants.

 

River Rapids (29B-3)
A sea foam green that lightens up a room while not being overwhelming. Perfect for a living room that has either cream-coloured or deep, dark furniture. It adds a touch of sophistication to any room.

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Last March, for the first time since 2001, a NDP government delivered a budget to British Columbians for the coming year.

 

The name of the game in the new budget is affordability — huge investments were promised in everything from childcare to healthcare to housing.

 

With pledges of money, though, comes a need to generate revenue to fund it. With that came a plethora of new regulations and taxes in the property market, outlined the budget.

 

The main take-aways for real estate in B.C. are:

 

1. Speculation Tax

This new annual tax will apply to foreign and domestic property owners who are not residents of B.C.

Some exemptions may be made for principal residences or long-term rental properties but it will include properties that are left vacant.

 

The tax will be introduced this fall and apply initially apply to homes in Metro Vancouver, the Fraser Valley and some other capital regional districts like Victoria, Nanaimo, and Kelowna.

 

It will start at tax rate of 0.5 per cent of the assessed value in 2018 and increase to 2 per cent of assessed value next year.

 

2. Enhanced Foreign Buyers Tax

Starting this month, the previously-introduced foreign buyers tax will be increased from 15 per cent to 20 per cent. It will extend to other areas across the province and no longer cover just Metro Vancouver.

 

3. Property Transfer Tax on Homes Above $3M

An additional 2 per cent property transfer tax will be applied to homes above $3 million, on top of the previous transfer taxes.

 

4. Pre-sale Condos

The government will be cracking down on the pre-sale condo market, requiring developers to collect and report comprehensive information and building build a database on pre-sale condo assignments.

 

5. First Time Buyer Program
Details have not been finalized but the previous home partnership loan that matched first-time buyers with down payments up to 5 per cent will be replaced with a different program to support the development of affordable housing options.

 

6. Affordable Housing

The province promised $6 billion over the next decade to build 114,000 affordable homes units including modular, student and social housing.

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