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


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by VanLord
Sat Mar 31, 2018 9:24 am
Forum: Real Estate Talks
Topic: What should the 3 levels of gov do?
Replies: 6
Views: 409

Re: What should the 3 levels of gov do?

Only Canadian citizens buy in metro Vancouver, not landed immigrant. If you aren't willing to become a citizen you're just passing through with no intention of setting up roots in Canada Why Eyes?  Why is this good for our housing market? I'm willing to listen to the reasons, before I give my reaso...
by VanLord
Fri Mar 30, 2018 12:50 pm
Forum: Real Estate Talks
Topic: What should the 3 levels of gov do?
Replies: 6
Views: 409

Re: What should the 3 levels of gov do?

Only Canadian citizens buy in metro Vancouver, not landed immigrant. If you aren't willing to become a citizen you're just passing through with no intention of setting up roots in Canada Why Eyes?  Why is this good for our housing market? I'm willing to listen to the reasons, before I give my reaso...
by VanLord
Fri Mar 30, 2018 10:37 am
Forum: Real Estate Talks
Topic: What should the 3 levels of gov do?
Replies: 6
Views: 409

Re: What should the 3 levels of gov do?

Agree with everything you have said here. How about a minimum tax on properties that is punitive yet clawed back based on the required income to own a property. Something like this: You own a $5M home in Shaugnessy as a satelite family.  You pay virtually no income tax in Canada or BC because all y...
by VanLord
Fri Mar 30, 2018 10:14 am
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2775

Re: Speculation tax ! Finally

The answer to this is that CRA is useless. If they start dishing out jail time for tax evasion then people might obey the law Lots of articles like these out there these days.  I guess retirees spending 5 months a year is a bad thing now...can you imagine if they US were to do the same thing to Can...
by VanLord
Fri Mar 30, 2018 9:57 am
Forum: Real Estate Talks
Topic: What should the 3 levels of gov do?
Replies: 6
Views: 409

What should the 3 levels of gov do?

I believe I am an open minded person and believe in reasonable, balanced and objective approaches to solve problems.  I am definitely opposed to the speculation tax, but think some of the NDPs policies are fair.   I think that all 3 levels of government and even the Metro Vancouver Region as a whole...
by VanLord
Fri Mar 30, 2018 8:27 am
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2775

Re: Speculation tax ! Finally

So if you rent your property out you're exempt from the tax? What bullshit. If these cheaters can come up with phoney owners they will most certainly be able to show phoney renters. Govt gave cheaters a loophole I was thinking of this.... however if they use phony renters they have to pay income ta...
by VanLord
Thu Mar 29, 2018 7:00 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2775

Re: Speculation tax ! Finally

So if you rent your property out you're exempt from the tax? What bullshit. If these cheaters can come up with phoney owners they will most certainly be able to show phoney renters. Govt gave cheaters a loophole Weren't you paying attention?  The whole point was to tax houses that were empty.   Did...
by VanLord
Thu Mar 29, 2018 8:51 am
Forum: Real Estate Talks
Topic: Realtors Lose License For Only A Year For This?
Replies: 3
Views: 242

Re: Realtors Lose License For Only A Year For This?

SethM wrote:
reallyreal2 wrote:
In BC they'd probably get a pat on the back.

:lol:

those people should be going to jail!!  
by VanLord
Thu Mar 15, 2018 8:22 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2775

Re: Speculation tax ! Finally

Money laundering, tax evasion, multi-million dollar owners in welfare is like cancer to the system. I really hope David Eby and his team can clean house. You are pinning your hopes on a tax that is called a speculation tax, but does nothing to combat speculation.  Sayanything John is extremely corr...
by VanLord
Wed Mar 14, 2018 9:53 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2775

Re: Speculation tax ! Finally

You are pinning your hopes on a tax that is called a speculation tax, but does nothing to combat speculation.  Sayanything John is extremely corrupt and apparently David Eby isn't much better.  I have some reliable sources that know the two of them. I think we all agree on the problem, but none of ...
by VanLord
Wed Mar 14, 2018 11:49 am
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2775

Re: Speculation tax ! Finally

Canada needs immigration and I think you would agree that rich immigrants are better than poor immigrants that stress our social assistance resources. I'll take middle class immigrant over the rich ones - they make for better neighbours and are generally not tax evaders Money laundering, tax evasio...
by VanLord
Wed Mar 14, 2018 11:38 am
Forum: Real Estate Talks
Topic: Hong Kong tycoon linked to offshore tax havens flipping $18M Vancouver house through shell company
Replies: 0
Views: 342

Re: Hong Kong tycoon linked to offshore tax havens flipping $18M Vancouver house through shell company

Looks like CRA has some work to do: https://thinkpol.ca/2018/03/13/hong-kong-tycoon-linked-offshore-tax-havens-flipping-18m-vancouver-house-shell-company/ The CRA can do all the investigating they want, but they have no teeth to go after someone in Canada let alone in a foreign country. I'm guessin...
by VanLord
Wed Mar 14, 2018 11:37 am
Forum: Real Estate Talks
Topic: Hong Kong tycoon linked to offshore tax havens flipping $18M Vancouver house through shell company
Replies: 0
Views: 342

Re: Hong Kong tycoon linked to offshore tax havens flipping $18M Vancouver house through shell company

Looks like CRA has some work to do: https://thinkpol.ca/2018/03/13/hong-kong-tycoon-linked-offshore-tax-havens-flipping-18m-vancouver-house-shell-company/ The CRA can do all the investigating they want, but they have no teeth to go after someone in Canada let alone in a foreign country. I'm guessin...
by VanLord
Mon Mar 12, 2018 11:02 pm
Forum: Real Estate Talks
Topic: The Money Pit Tax
Replies: 21
Views: 1754

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: 2775

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 Da...
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