This is a friendly, interactive exchange of information on all Real Estate related subjects. Follow on Twitter: @RETALKS


Search found 266 matches

  • 1
  • 2
  • 3
  • 4
  • 5
  • 18
by VanLord
Mon Mar 12, 2018 11:02 pm
Forum: Real Estate Talks
Topic: The Money Pit Tax
Replies: 21
Views: 23513

Re: The Money Pit Tax

So it looks like the numbers are coming in quite a bit lower than predicted! The city won't even give us a straight answer on how many properties actually have to pay the tax.  I'm guessing the Empty Homes Tax will not break even this year. The city has to lie about the numbers and say 8500 empty o...
by VanLord
Fri Mar 09, 2018 11:21 am
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 62499

Re: Speculation tax ! Finally

"Why should someone with a recreation home have to pay this tax?" They don't have to - they can sell. But hey - let's put the liberals back in charge of this province.  They did such a great job of managing it.  Look at what happened to ICBC since the NDP took power - $1B loss.  Site C Dam is going...
by VanLord
Fri Mar 09, 2018 9:39 am
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 62499

Re: Speculation tax ! Finally

I read it.   Like I said, I don't have sympathy for people that, like the article said, have a $1M recreational property with $100K in income - LOL. Sell the property or pay the tax - it's simple.  There is no devine right to own a recreational property.  Seriously, how tone deaf do people have to ...
by VanLord
Thu Mar 08, 2018 9:08 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 62499

Re: Speculation tax ! Finally

I just showed an example where you are punishing a person who's income has remained the same, it hasn't changed, yet her tax burden has almost doubled!   The government clearly announced this wouldn't impact BC taxpayers, only to find out that it will indeed impact them.  That's not exactly the way...
by VanLord
Thu Mar 08, 2018 4:41 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 62499

Re: Speculation tax ! Finally

I really don't see what's so hard to understand about what Real is trying to say. The government is trying to balance the BC economy towards a more sustainable equilibrium where people don't have to fight tooth and nail and scrape every penny just to live in this city. This philosophy is in the ver...
by VanLord
Thu Mar 08, 2018 1:58 pm
Forum: Real Estate Talks
Topic: The Money Pit Tax
Replies: 21
Views: 23513

Re: The Money Pit Tax

"The number of “under-occupied” homes in Vancouver has almost doubled in the past 15 years, from 12,885 to 25,495 dwellings, according to census data. So it looks like the numbers are coming in quite a bit lower than predicted! The city won't even give us a straight answer on how many properties ac...
by VanLord
Thu Mar 08, 2018 1:38 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 62499

Re: Speculation tax ! Finally

Sorry - where did I say people steal money? If a few Canadians get captured under this tax, oh well.  Again, if you can afford a $1M recreational property, you can afford the tax. You did not say that - you implied a lack of sympathy. The only way I would not be sympathetic to someone is if they ha...
by VanLord
Wed Mar 07, 2018 3:56 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 62499

Re: Speculation tax ! Finally

Squeeking wheels. Not sure anybody has too much sympathy for people that don't pay tax in BC with multiple properties with one sitting empty. Sure. But what about all the BCers that have vacation homes that may now incur this in some shape or form. I find two qualities of this tax patently absurd: ...
by VanLord
Wed Mar 07, 2018 3:49 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 58
Views: 45490

Re: Is the boom over?

It's unfortunate how some of these "late-comers" are going to be underwater. They were probably thinking "if we don't buy now we can never get in" and that is enough of a reason to over-extend just to get in. FOMO always kills in runaway markets... The government has done such a poor job in regulat...
by VanLord
Wed Mar 07, 2018 3:37 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 62499

Re: Speculation tax ! Finally

Squeeking wheels.

Not sure anybody has too much sympathy for people that don't pay tax in BC with multiple properties with one sitting empty.
I guess you didn't read the article or the Min of Finance Info sheet.
by VanLord
Wed Mar 07, 2018 10:05 am
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 62499

Re: Speculation tax ! Finally

I guess the realestatetalks board belongs to Jim Tan now...no one had anything to say about my last post..again careful what you wish for.

http://vancouversun.com/opinion/columni ... lation-tax
by VanLord
Thu Feb 22, 2018 10:47 am
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 62499

Re: Speculation tax ! Finally

Trust the NDP buddy. They're the only party that cares about the middle and working class, seniors etc. 16 fucking years of Liberals! Actually just reading the details of the Speculation Tax and there are a lot of details that don't make sense in terms of the exceptions and what constitutes a vacan...
by VanLord
Wed Feb 21, 2018 10:38 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 62499

Re: Speculation tax ! Finally

more writing on the wall. I was afraid that the NDP would not live up to their promises but I have to say... they delivered. It couldn't have turned out any better that they needed Green party's support to win government. Weaver will keep them in check. I'm looking forward to see if they implement ...
by VanLord
Wed Feb 21, 2018 10:25 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 62499

Re: Speculation tax ! Finally

Also: "The province also hopes to stave off speculation by closing real estate tax loopholes by requiring more compressive information regarding condo presales and beneficial ownership (sometimes referred to as ‘shadow ownership’). “Our housing market should not be treated like a stock market,” Jam...
by VanLord
Wed Feb 21, 2018 10:18 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 62499

Re: Speculation tax ! Finally

Speculation tax on +$3m properties. Yaaaaaaahh!
you might want to re-read the taxes.  Speculation Tax doesn't have a 3m threshold, but the PTT will increase above 3m
  • 1
  • 2
  • 3
  • 4
  • 5
  • 18