And below, from Bloomberg:
And this, from Vaughn Palmer:
The Vancouver Sun – 27 Apr 2016 – NDP’S EBY STANDS OUT AS EFFECTIVE INQUISITOR
More often than not, the finance minister has been delivering the government responses to Eby on the real estate imbroglio. More often than not, he’s left the impression that the Liberals are in no rush to clean up the Wild West because the government is getting rich from the proceeds.
This too shall pass.
Indeed a key issue in Vancouver.
David Eby is a new NDP leader in the making. He is in my riding. He is a very likable, very smart & very capable person .. Wrong anti-business and high-tax party unfortunately.
That aside, the Liberals are wrong in their inaction on the foreign money flood distorting Vancouver’s single family house prices, with nary a debate on increased property taxes, land transfer taxes or capital gains for non-residents ! It may cost the Liberals the next election in May 2017 as this is such an important topic in Vancouver.
Don’t restrict foreign investment here, just monetize it far better. I’d say a 25% land transfer tax for non-residents is the right figure for SF houses, and maybe half that for condos. That gives locals enough of an advanatge to get into a new condo or a house, and will still give enough incentive to move money to Vancouver & area as foreign money into real estate benefits many.
Could the measures in Australia be contributing to the slowing in Sydney Real Estate?
http://www.businessinsider.com.au/median-house-prices-have-tumbled-back-through-1-million-in-these-sydney-suburbs-2016-4
And making ours go even higher?
Great point