Tag Archives: speculation
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
“Scrap the Speculation Tax” coalition turns to big tobacco and asbestos PR firm
By ThinkPol Staff The umbrella group campaigning to repeal the Speculation Tax introduced by British Columbia’s NDP government has enlisted the help of a controversial global public relations firm that gained notoriety for promoting big tobacco and asbestos industry interests.
UBC prof behind Speculation Tax says it doesn’t actually target speculation
By Drew Penner Ask University of British Columbia professor Tom Davidoff where the provincial NDP’s new housing tax came from, and he’s quick to take credit. Just don’t try to pin the “speculation” angle on him. “I was like the
BC exempts vacation homes from speculation tax
By Drew Penner The bureaucrats have done their tinkering and the new-and-improved levy on people taking advantage of hot West Coast real estate has been unfurled. BC Finance Minister Carole James said despite revising speculation tax rules to exclude a
Realtors question legality of new taxes as foreign buyers exit cooling Vancouver housing market giving locals hope
By Drew Penner Within real estate circles, the effect of new taxes aimed at foreign buyers cashing in on Vancouver’s superheated housing market has been palpable. Shawn Anderson, a realtor with Engel & Völkers Vancouver, says the change has been
Richmond city official flipping condo for 2x within year
By ThinkPol Staff A Richmond city official is trying to flip a condo within a year of buying it at twice the price she paid for it, Thinkpol has found. City of Richmond Community Facility Co-ordinator Renata Turick bought the
BC Green leader to prod government into seizing homes of money launderers, tax evaders, real estate racketeers
By Drew Penner The BC Green party wants the province to start seizing the homes of foreign buyers involved in criminal activity as the NDP government waffles on the legality of such a move. In response to a ThinkPol article
Speculators targeting Richmond farmland threaten local food supply
By Lisa Tanh Speculative development is raising Richmond’s farmland prices and slowing down local food production says a grassroot organization fighting against this issue. Laura Gillanders, a Richmond resident and coordinator of FarmWatch, an organization that is focused on preserving
“Go after the money launderers, illegal real estate flippers, scammers, tax evaders” ‒ British Columbians respond to budget consultation
By ThinkPol Staff British Columbians want the government to go after money launderers, tax evaders, speculators and other fraudsters operating in the province’s real estate market, public responses to the governing NDP’s 2018 budget consultation show. Premier John Horgan’s government
Petition calls for housing speculation tax in BC budget and crackdown on money laundering, shady realtors
By ThinkPol Staff A petition has been launched to urge British Columbia’s NDP-led government to introduce a housing speculation tax along with a special taskforce to crackdown on money laundering and unethical practices by realtors in Metro Vancouver’s real estate