Category Archives: Economy

“Vancouver’s becoming a safety deposit box for the global rich!” – developer seeking billions in tax dollars for affordable housing pitches city’s “hot real estate” to buyers in China

By ThinkPol Staff with files from Lisa Tanh “Vancouver is becoming a safe deposit for the global rich!” Those are the words[1]Original: http://www.westbankcorp.cn/media/141.html Archive:http://archive.is/jdxTy used to promote Vancouver real estate in China by luxury real estate developer Westbank, whose owner

Dilapidated homes, leaky condos and crumbling mansions: Skilled trades shortage paints a bleak picture in Vancouver

By Lisa Tanh A local tradesman is struggling to find help maintaining “normal family homes” because of Metro Vancouver’s extreme skilled trades shortage. Breton Crellin, who has been working in construction for over a decade, said he’s constantly being flagged

Morneau attended event in China sponsored by “Liberal bagman” seeking billions in tax dollars for affordable housing

By Lisa Tanh Finance Minister Bill Morneau attended an event in China sponsored by a Vancouver real estate developer that is asking the federal government for billions in tax dollars to build affordable housing. Recently, the Canadian Chamber of Commerce

BC regulator warns about investing in Cryptocurrencies

By Katherine Green Cryptocurrencies have long enjoyed a warm reception in British Columbia. As early as 2011 small businesses were accepting Bitcoin and the world’s first Bitcoin ATM started dispensing cash at a Vancouver Waves coffee shop back in 2013.

Vancouver homeseller boasts of making $92,500 from Airbnb last year

By ThinkPol Staff A Vancouver home where the seller boasted of making $92,500 from Airbnb last year has sold for the asking price. “Owner on main, top and bottom run as AIRBNB $92,500 in 2017. Can be purchased with AIRBNB

“Chinese-only” developer that raised funds for Trudeau’s Liberals seeking $40 billion in tax dollars to build affordable housing

By Lisa Tanh “Chinese-only” developer that raised funds for Trudeau’s Liberals is asking the federal government for billions in tax dollars to build affordable housing. Vancouver developer, Westbank, proposed using $40 billion in tax dollars to build 50,000 affordable housing

BC Liberals unhappy that speculation tax targets British Columbia’s 1% wealthy enough to own multiple homes

By ThinkPol Staff The BC Liberals are criticizing the speculation tax recently introduced by the province’s Green-backed NDP government because it affects the one percent of British Columbians wealthy enough to own two or more homes. “I think the minister

Vigilante retaliates against realtors who took full-page ad inciting wealthy homeowners to crash Eby’s town hall

By ThinkPol Staff The Vancouver realtors who incited mobs to crash a popular elected official’s event is about to get a taste of their own medicine. The major Vancouver real estate brokerage Sutton West Coast took out an ad last week

Wealthy Vancouver homeowner objects to school tax because his children are no longer in school

By ThinkPol Staff A homeowner from Vancouver wealthiest neighbourhood is objecting to the additional school tax levied on properties worth more than $3 million on the grounds that his children are no longer in school. “It may be a great

Andrew Wilkinson introduces bill to reduce taxes on condo flippers by half

By ThinkPol Staff British Columbia’s Leader of the Official Opposition Andrew Wilkinson today introduced a private members bill, that if passed, would reduce taxes on condo flippers by half. Under Canada Revenue Agency interpretation of Income Tax Act, profits made