So it’s official. That silence coming from the Homeowners Protection Office regarding leaky condo loans was the BC Government killing the leaky condo loan program. The good news is that you can get a really good rate on a hotel room in Vancouver since business travelers and other tourist visits have dropped right off. The new hotel visitor in Vancouver is the local family on a ‘Stay-cation’.
But Hey! Next year’s going to be more economically awesome than this year! At least according to this oddly written forecasting article in the Province. And even more good news: The extra money you pay for the HST is going to help bring down the deficit! The $1.6 Billion transition payment from Ottawa is going to help ‘bring this years deficit down’… The deficit that was going to be “$495 Million maximum”… From the government that promised to not implement the HST, or run a deficit for that matter.
Enjoy your Stay-cation!