Vancouver council approves Canada’s first-ever vacant housing tax

[Frank de Jong]

They'll do anything to avoid moving to LVT. : )

As the saying goes, governments will only do the right thing after
everything else has failed.

Frank de J

http://www.theglobeandmail.com/real-estate/vancouver/vancouver-council-approves-canadas-first-ever-vacant-housing-tax/article32882347/

[Erich Jacoby-Hawkins]

“If you pursue this tax, it should be for an individual who owns two or more properties,” said Paula Chu, who owns a $400,000 Coal Harbour condo with her husband Henry, along with their principal residence in Bellingham, Wash. “But it’s the little people who own the one condo that you’re actually causing a hardship for.”

Ms. Bulmer, who owns three properties, in Vancouver, the Sunshine Coast and Whistler, said she wouldn’t be personally affected. Her Kitsilano condo is her principal residence. But she said that for her and some others, a second property is not an investment. “The second home is a home for most people.”

Oh, these poor, poor "little people" who are nevertheless so big they need to own two or three homes to live in and call home. My heart bleeds for them. An additional tax burden upon their desperate lives of penury.

Erich.

[Jassal Devpreet]

Lol........

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