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British Columbia is expanding the tax it created to clamp down on real estate speculation and ensure homes in rental-strapped communities don't sit empty.
As investment buyers fuel Toronto real estate prices beyond reason, a city councillor is pushing for a speculative tax to cool the market
Certain communities remain exempted from the tax, which increases rental availability. Time for change? Andrew MacLeod is The Tyee’s Legislative Bureau Chief in Victoria and the author of All Together Healthy (Douglas & McIntyre, 2018). Find him on Twitter or reach him at . SHARES Due to a housing shortage on Salt Spring Island, some workers have to commute from Vancouver Island. Some say implementing the speculation and vacancy tax on BC’s Gulf Islands would ease the shortage. Blake Brown has seen the housing crisis on Salt Spring Island from both sides. An...
Mansion Global It depends on whether it’s a primary home or not By V.L. Hendrickson | Save SaulHerrera / Getty Images Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question. Q. We have owned a condo in the Yaletown neighborhood of Vancouver for 15 years. We use it for the winter months, and now after 15 years of ownership, we must sell or rent it because of increased taxes. I have a disability, are there exemptions available to me based on my situation? A. There are two taxes such a home is likely to inc...
What we are seeing in the trump administration and what this 100 days is all about is old-fashioned republican economics, tax breaks to people who don't need it, cuts programs to the elderly, the children, the sick and the poor. >> your party, arguably is losing the battle for the middle class. we saw this play out in the presidential election. where are the bold democrat proposals to counter what we're hearing? where is the agenda for the middle class? >> that's a good question and i think people like senator schumer are working on that. here's where we have to go. i just introduced a legisla...