CRA to tighten voluntary disclosure program

By ThinkPol Staff Canada’s tax agency will tighten the controversial program that allowed wealthy tax evaders to turn themselves in without fear of prosecution or civil penalties. The Canada Revenue Agency’s (CRA) Voluntary Disclosures Program (VDP) was set up in

Land assembly speculators shadow flipping to skirt foreign buyer tax

By ThinkPol Staff International speculators are buying up Vancouver properties to put together land assemblies that they then shadow flip to avoid paying BC’s foreign buyer tax. A real estate industry whistleblower sent ThinkPol one such example of an attempted

Whistleblower questions reliability of statistics published by Vancouver real estate board

By ThinkPol Staff A real estate industry whistleblower is questioning the reliability of Vancouver real estate statistics released by the realtors board. The insider claimed that Real Estate Board of Greater Vancouver’s unwillingness to subject their statistics to independent scrutiny

Many Metro Vancouver homes selling for a loss

By ThinkPol Staff Dozens of homes in Metro Vancouver bought in the last two years are currently listed to be sold for a loss as speculators appear to exit Canada’s hottest real estate market. An industry insider sent ThinkPol sales

VISTRO-reported Airbnb listings are disappearing, but who’s behind their removal?

By Nick Valka At least 19 illegal Vancouver Airbnb listings have been taken down after being reported by VISTRO, but the question remains as to who is actually removing them. Vancouver’s Illegal Short Term Rental Operators, known as VISTRO[1]https://twitter.com/vistro11 on

Don’t privatize Canada’s airports ‒ Commons committee

By ThinkPol Staf A Parliamentary committee is recommending against the Liberal government’s plan to sell off Canada’s airports to raise billions in capital to be used towards other public infrastructure projects. “Limit rising passenger and operational costs by preventing the

Real estate developer nailed for tax evasion

By ThinkPol Staff A Metro Vancouver real estate developer has been sentenced to 12 months probation and fined $42,950 for tax evasion, the Canada Revenue Agency says. Harpreet Kaur Sidhu of Burnaby, British Columbia, the sole director and shareholder of

Foreign buyer tax stabilizes Metro Vancouver home prices – 2018 BC property assessment

By ThinkPol Staff Home prices in areas subject to British Columbia’s foreign buyer tax stabilized while the real estate market frenzy continued unabated in other parts of the province, according to a preview of the 2018 property assessment. Typical detached

Realtor boasts of entire triplex being run as Airbnb

By ThinkPol Staff A realtor listing an East Vancouver triplex for sale is boasting that the entire property is being run as an Airbnb hotel, which is a violation of Vancouver bylaws. An industry insider sent ThinkPol the Multiple Listing

Airbnb denies responsibility for hosts’ lawbreaking while hiding data to shield lawbreakers – law prof

By ThinkPol Staff Airbnb and other short term rental platforms refuse to accept responsibility for unlawful actions by their hosts while at the same time shielding the lawbreakers against any meaningful law enforcement by making data impossible to obtain, a