Owners of empty homes in Vancouver could soon be paying as much as an extra two per cent tax on their properties, Mayor Gregor Robertson revealed this morning. While the tax is expected to generate $2 million a year in revenue for the city, Robertson stressed the primary aim is to encourage owners to rent out
The B.C. NDP housing critic condemned on Sunday what he called “the apparent indifference of our provincial government” to reports of tax evasion, fraud and money laundering in the local real estate market. David Eby, the MLA for Vancouver-Point Grey, accused the ruling Liberal government of inaction over the Vancouver housing market. Although a 15-per cent foreign
Presales of brand new condos in Vancouver have never been stronger, even as recent figures show a slump in real estate sales in the wake of B.C.’s new 15 per cent tax on foreign buyers. Almost all of the presale units in projects under construction downtown are spoken for and sales so far this year have broken records, according to
