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How the BC Vacancy Tax Increase Will Impact the Market in 2020

Posted: Tue Dec 17, 2019 8:35 pm
by jimtan
There's a substantial rise in vacancy tax next year. In addition, various exemptions are being lifted. Steve has his numbers and opinions here ...

https://stevesaretsky.com/how-the-bc-sp ... t-in-2020/

IMO, the most significant impact will be on land banks. Can developers and speculators afford to hold vacant properties during slow periods? Bar in mind that the guy behind Trump Tower has not developed the Little Mountain site since 2008. Has only delivered a fraction of the promised social housing project.

https://ca.search.yahoo.com/search?ei=U ... al+housing