Category Archives: Real Estate
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
BC Liberal MLA Jordan Sturdy caught lying about school tax
By ThinkPol Staff BC Liberal MLA Jordan Sturdy is being called out as a liar for spreading misinformation about the school tax imposed on homes worth more than $3 million by the BC NDP government. “It’s not a “school tax”,”
Wealthy Vancouver homeowner likens BC NDP housing reforms to Nazi race laws
By ThinkPol Staff A homeowner from Vancouver wealthiest neighbourhood is likening British Columbia NDP government’s reforms at tackling the region’s housing crisis to Nazi race laws. “Don’t be misled,” Robert Angus is quoted in Shaughnessy Heights Property Owners’ Association newsletter[1]Original:http://www.shpoa.ca/shaughnessy_voices
Housing activist educating Vancouverites on Airbnb bylaws and how to report violators
By Lisa Tanh Many Vancouverites are still unaware of the City of Vancouver’s new short-term rental bylaws and how to properly report violations, says a local housing activist. Ulrike Rodrigues, an East Vancouver resident, said she’s been receiving several messages
Most Vancouver houses sold below assessment in April
By ThinkPol Staff The number of Vancouver detached houses selling below assessed value in April outnumbered those selling for more, with some going as low as 27% below, making it the third month in row that a majority of Vancouver
“If the Chinese market doesn’t want it, I have no interest in it” – Vancouver developer
By ThinkPol Staff Vancouver developer Westbank is only interested in projects that are wanted in China, the marketing director of the company has admitted. “It’s a hindrance that I don’t speak Mandarin for example, in sales,” Westbank’s Director of Marketing
Vancouver Airbnb bylaw loophole threatens rental stock
By Lisa Tanh A loophole in the City of Vancouver’s new short-term rental bylaw could wipe out a big chunk of the city’s secondary suite stock, according to a complaint by a concerned citizen. Ethan, a born and raised Vancouverite,
Vancouver developer sponsoring yacht gala in China while stiffing local contractors
By ThinkPol Staff A Vancouver developer, whose company was recently ordered by a judge to pay $200,000 in unpaid bills to a local contractor, is sponsoring a lavish yacht gala dinner in China. Westbank, owned by developer Ian Gillespie, is
Flipping houses or condos? CRA reminds you that all profits are fully taxable
By ThinkPol Staff Canada’s taxman is reminding house and condo flippers that all profits made buying and reselling homes in a short period of time are fully taxable. This also includes pre-sale flips, where a property is bought and sold
“Inappropriate” Chinatown development designs drive gentrification
By Lisa Tanh Newly proposed developments in Chinatown are using inappropriate designs to further gentrify the neighbourhood, says a neighbourhood advocate. Melody Ma, a Chinese Canadian, said many of the newly proposed developments do not respect the neighborhood’s history and