Empty home tax hurts those with second homes

People who own seconds homes in Vancouver are suffering under the new empty home tax:

The Unfair Vancouver Vacant Homes Tax Coalition describes its purpose in the name. The group is calling on the city to do something as the Feb. 2 deadline for the empty home tax declaration approaches.

Rainer Borkenhagen says the group is made of members that are mostly retired and live across the country, but still own homes in Vancouver.

Borkenhagen himself lives in Gibsons, but owns a condo in Vancouver.

He said he tried to rent his condo once, but it turned out it was more practical to keep it and use it whenever his family needed it.

Read the full article here.

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paulb
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New
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TI:8192

http://www.clivestevepaul.com

Whistler or Bust?
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Whistler or Bust?
Whister or Bust?
Guest
Whister or Bust?

Can anyone find a theme in the people mentioned in this article?

Best place on meth
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Best place on meth

First paragraph mentions Mercedes, Land Rover, traces of fentanyl….

Didn’t really need to read on and see the perps names.

Just me
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Just me

Sorry guys…..this is good for the economy. These guys are entrepreneurs. They create wealth. Or so we were led to believe.

bullwhip29
Guest
bullwhip29

Lunar New Year sets off celebrations in…Powell River?
http://www.prpeak.com/community/lunar-new-year-sets-off-celebrations-1.23173212

Laibach
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Laibach

Fucking locust swarming like plague shit and yet our defense ministry silently watches.

Lost,... but not leased
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Lost,... but not leased

Looks like foreign locusts have claimed victory in urban areas….now time to conquer more rural periphery….total victory in near future.

Name
Guest
Name

““We have 34 students from mainland China who are studying here for three weeks,” said Behan. “These students, along with the rest of the international students … ” wow for a small town school that’s quite something. The tentacles reach far.

bullwhip29
Guest
bullwhip29

Meet the new kids on the block: Nova Scotia’s growing ties with China bringing students to Annapolis County
http://www.hantsjournal.ca/news/meet-the-new-kids-on-the-block-nova-scotias-growing-ties-with-china-bringing-students-to-annapolis-county-186205/

Name
Guest
Name

NS should be careful what they wish for. Once they are overrun with chinese they will regret this.

Lost,... but not leased
Guest
Lost,... but not leased

Question: What do you get when a foreign locusts breeds with a Maritimer?

Punchline:_______________________________________

bullwhip29
Guest
bullwhip29
Lost,... but not leased
Guest
Lost,... but not leased

$60,000 donated by Stah Lee Pak lady…

$60,000 in Saskatchewan will buy a whole town.

bullwhip29
Guest
bullwhip29

BC Liberals gave millions in tax rebates to scam company whose assets are being confiscated
https://thinkpol.ca/2018/02/16/bc-liberals-gave-millions-tax-rebates-scam-company-whose-assets-confiscated/

Just me
Guest
Just me

No! BC Libs doing dodgy stuff? Christy Clark covering up illegal behavior because “it is good for the economy”?
Don’t tell me!

Name
Guest
Name

“Every day, it’s getting harder and more expensive to live in BC, and the only people getting ahead are Christy Clark and her rich friends,” the current BC Attorney General David Eby told voters during the campaign. “British Columbians deserve to know how much of their hard-earned tax dollars Christy Clark has secretly handed to rich donors.”

bullwhip29
Guest
bullwhip29

British Columbians deserve to know how much of their hard-earned tax dollars wound up in Christy Clark’s pocket

Lost,... but not leased
Guest
Lost,... but not leased

RCMP investigation ?
RCMP=Royally Cuckolded Meaningless Procrastinators

bullwhip29
Guest
bullwhip29

A British Columbia realtor who failed to represent the best interest of her client when she sold a Richmond home to her daughter, who then flipped it for a total profit of more than $200,000, has been fined just $5,000
https://www.theglobeandmail.com/news/british-columbia/bc-realtor-fined-5000-for-role-in-house-flip-plot/article38005960/

Bag it and tag it
Member
Bag it and tag it

speeding ticket. That’s self governance for you.

KickThemOut
Member
KickThemOut

Wonder if the blog owner is now too busy with spring gutter cleaning and other spring house worker to provide timely updates to this blog.

KickThemOut
Member
KickThemOut

Had dinner last night…it was a gong-show. Two main dog dish and an appetizer combo dish. Hard to say, the meat tasted a big gamgy and a bit tough & chewy. Definitely not as good as a nice steak you get from Black & Blue. For some reason the Chinese girls love it like it was something kind of special treat!.

Dave
Member

It looks like violence is starting to hit the real estate dealer world:

http://vancouversun.com/news/crime/man-dead-following-targeted-shooting-on-vancouvers-west-side

Lost,... but not leased
Guest
Lost,... but not leased

Re: latest shooting

Glegol Lobertson and Vision will solve the problem….like empty homes problem solved via tax..

They will apply a tax to bullets and guns, this will result in no shootings.
Failure to comply will have fines, as well as carbon emissions tax.

NOTE : one is exempt if one stores guns in condo and if one commits crimes there..(premit is advised but not mandatory)

Name
Guest
Name

There’s been a few more realtors bumped off over the last few years which is not totally surprising considering the staggering sums of money they deal with and the type of people that are attracted to making a shady quick buck.

Lost,... but not leased
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Lost,... but not leased

I’m not really sure that realtors are bumped off via RE losses….if the funds are dirty money, launderers don’t care about losses, as the money was made quickly via criminal activity.

If they bought RE at say..$1 Million and it re-sells for $800,000, I don’t think they care.

If they are caught up in a hot market..that’s a bonus, not a goal per se…

People usually get knocked off when they get greedy and/or scam the scammers..otherwise realtors had best wear Kevlar suits in this declining market.

Doomcouver
Member
Doomcouver

Not surprising considering how much money derived from crime is used to buy real estate here. It reminds me a lot of that developer Amarjit Singh Sandhu that got mowed down in the Tim Horton’s parking lot in Richmond. I still don’t think they’ve found his killer. http://www.cbc.ca/news/canada/british-columbia/richmond-shooting-death-man-rcmp-targeted-1.3617159

It makes you wonder how much violence will break out when prices reverse direction. A lot of very shady individuals will be exceedingly angry if they lose money they laundered through real estate. If I was a realtor/banker/developer with criminal clients I’d be on the first plane out of here when the market sours.

Dave
Member

You have to wonder if the shooting was related in some way to real estate. I think there is a lot of sketchy stuff going on for sure and a down market would exacerbate trouble.

Strata Hacker
Guest
Strata Hacker

Garth is simply a liar and reality denier. He took whatever credibility he may have had in a past life and squandered it defending a failed hypothesis.

He even lies about how much sales are actually down. All his numbers that he presented in Wednesday post about North and West Van are thoroughly debunked by a West Van realtor in the first comment from yesterday.

Please those of you wondering if you should buy don’t listen to that discredited liar and his posse of childless basement dwellers.

Oracle
Guest
Oracle

You are only discovering now that garth is a lair?? Lmao

He makes money by touting stocks over housing. Takes a percentage cut.

Specuskeptic
Member

As this blog’s resident Liar-in-Chief Boracle, you have much to offer and teach in your analysis of other liars.

Name
Guest
Name

when both parties are liars, who to believe?

KickThemOut
Member
KickThemOut

Surprised he let that comment through..not like he is a champion of freedom of speech.

bullwhip29
Guest
bullwhip29

A comedy sketch that featured a Chinese woman in blackface has drawn accusations of racism after being broadcast on Chinese state television’s Lunar New Year variety show, although some people in Beijing were left wondering why it would be considered offensive
https://www.ctvnews.ca/world/blackface-in-chinese-lunar-new-year-sketch-draws-criticism-1.3806180

Doomcouver
Member
Doomcouver

Oh no people are offended? We can’t have people being offended that would be the worst thing ever.

KickThemOut
Member
KickThemOut

China has a history of colonialism and slavery against black people. This kind of action is simply unacceptable and shows absolutely no remorse for their historical treatment of the blacks. It is in fact glorifying such historical mistreatment of blacks.

But then again, such concepts and similar concepts like culture appropriation, innovations, creativity, compassion, and humility are simply alien concepts to them.

Name
Guest
Name

but if whites mock asians then there’s hell to pay…

KickThemOut
Member
KickThemOut

PC exterminates

This is why we need more TRUMP and Trudeau & rest of his spawns need to be thrown in a cold dank dungeon to rot, which is more than what they deserve.

bullwhip29
Guest
bullwhip29

Millions sought from Vancouver company accused of processing mail fraud payments
http://www.cbc.ca/news/canada/british-columbia/pacnet-mail-fraud-courts-1.4537960

Doomcouver
Member
Doomcouver

4.2 on glassdoor though… working for criminals sure has it’s perks…
https://www.glassdoor.ca/Reviews/PacNet-Services-Reviews-E1263989.htm

Oracle
Guest
Oracle

4 days…..

Game over.

Name
Guest
Name

not 4 days, the games run until feb 25.

bullwhip29
Guest
bullwhip29

NPA Vancouver councillor hoping to amend empty homes tax by-law
https://globalnews.ca/news/4029416/npa-vancouver-councillor-hoping-to-amend-empty-homes-tax-by-law/

>>> good lord…

Name
Guest
Name

if prices were flat or declining these people would not have more than one house.

patriotz
Member
Specuskeptic
Member

Rinaldo is a douche of the highest order. Don’t have to go far into his twitter feed to figure that out.

Just me
Guest
Just me

“The motion calls for an exemption for residents who frequent their homes, but don’t live there full-time, as well as seniors and people with disabilities who might not be able to serve as a landlord.”

Frequent their homes? Like, occasionally go there for a meal or a drink? And what is with the ‘older people’ refrain? Are these guys entitled to hold places empty because they are old? They already can defer their taxes. What about the young’s living in 2bed apartments with their small kids?

bestplaceonearth
Guest
bestplaceonearth

these guys entitled to hold places empty because they pay for it.

“What about the young’s living in 2bed apartments with their small kids?” learn to keep up with time. not every family with small kids deserves a home with big yard and white fence.

notanam
Guest
notanam

Residential tax rate Vancouver (http://vancouver.ca/home-property-development/residential.aspx)
$2.55 per $1000 value
Business tax rate Vancouver (http://vancouver.ca/home-property-development/business-and-other.aspx)
$12.44 per $1000 value
If they want to pay residential rate, they should use it as a principal residence

Bag it and tag it
Member
Bag it and tag it

“…as well as seniors and people with disabilities who might not be able to serve as a landlord.”
I just had an amazing business idea…start a company that specializes in the management of properties and handles everything pertaining to the rental of homes. Let’s call it Property Management. If only such a thing existed, then these seniors wouldn’t have an issues.

Best place on meth
Member
Best place on meth

YVRacle did not bother to respond to my question:

“Give us a list of what you want to see the NDP do in their budget, point by point.”

Why? They don’t want the NDP to do anything that would be successful or good for BC because they’re ultra-partisan morons who want the LibCreds back in power asap.

The YVR portion of the Siamese twin is especially hateful towards the NDP and doesn’t even try to hide it, unlike his sock-puppeteering left side.

Whister or Bust?
Guest
Whister or Bust?

What do you want them to do? What things would they have to enact for you to be satisfied with your NDP vote?

Please be as specific as possible.

Whister or Bust?
Guest
Whister or Bust?

Hey Meth you are pretty quiet here….

Best place on meth
Member
Best place on meth

Oh sorry, didn’t see this.

All good points you made and I think at least 3 of the 4 will be implemented. Not so sure about expanding FB tax.

I would add that I really want to see the first time buyer welfare program that Krusty brought in to be axed and some sort of end to pre-sale flipping, whatever it takes.

Whister or Bust?
Guest
Whister or Bust?

For me to feel that they did not completely lie to get “almost” elected they would need to do the following:

2% Speculator Tax
Expand 15% FB tax province wide
Some system to tie the property taxes to BC declared income
End to Bare Trusts

If the NDP enact’s these things I will fully agree that they deserve to run the Province.

patriotz
Member

“For me to feel that they did not completely lie to get “almost” elected they would need to do the following:… Expand 15% FB tax province wide”

The NDP made no promises re the FBT so they weren’t lying no matter what they do with it. Myself I would like to see it expended to the Valley and greater Victoria and increased to 25% or so. Foreign ownership is not an issue elsewhere and places like ski resorts need foreign buyers.

I think your other items are fair, although I think the 1st and 3rd are really the same thing.

Just me
Guest
Just me

These are reasonable reforms, as they were heavily hinted to in the election campaign.
I would be also satisfied by these points.
I think it is now crunch time:the NDP has down much better than the BC Libs in many respects so far (campaign financing, money laundering in casinos). But we need the main course now. I voted for them mostly for these housing reforms.
If they fail to deliver, they will pay a heavy price at the next round of elections. And that would be a self inflicted wound.

Just me
Guest
Just me

I suspect there is a bit of an internal strife in the anDP about how heavy to hit housing prices. The heavier they hit, the more votes they will get. But Imexpect some people will oppose measures that might induce lower prices.

This is make or break. Failing on housing reforms is failing their voters. This is more important than anything else.

Best place on meth
Member
Best place on meth

Hey spaceshit,

Do you know why china only has 2 medals?

Because doping is useless in winter sports.

Now fuck off you piece of shit and death to china!

paulb
Member

New
227
Price Change
36
Sold
137
TI:8213

http://www.clivestevepaul.com

Laibach
Member
Laibach

A usual headcase is having a crisis and frantically posting nonsenses. Odd fcuking therapy…

KickThemOut
Member
KickThemOut

Anyone else saw the latest locust output on Hornby & Pender? What do you think that huge safe will be used for? Arts display or something far more sinister?

KickThemOut
Member
KickThemOut

A home grown traitor! What’s the bet this traitor isn’t reporting his worldwide income to CRA?

P.E.I. coach guides South Korea to upset over Canada in women’s curling
http://www.cbc.ca/news/canada/prince-edward-island/pei-coach-leads-south-korea-to-upset-over-canada-womens-curling-1.4536779

Bag it and tag it
Member
Bag it and tag it

maybe if anybody actually cared about curling and/or the olympics

Lost,... but not leased
Guest
Lost,... but not leased

Ditto…f*ck curling !!!

KickThemOut
Member
KickThemOut

also, apparently last night is New Year Eve for Chinese, so it’s freaking fireworks and loud TV everywhere they live until way past midnight. Also, got slack at office today for not showing respect for their culture by dressing in traditional Chinese clothing or wearing red at communicated before. I tried to explain the concept of culture appropriation and me dressing in Chinese clothing would be stealing. Unfortunately, these concepts are just lost on them….

Still got a “voluntary” CNY corporate dinner tonight. It’s going to be at some new restaurants opened by some Chinese restaurant chain. Rumour has it that because we are big enough group size and the girl who organized it has connections to the owners, we will get a dog year theme custom banquet….with special dog meat dishes….arrrr!

ostritch
Member
ostritch

God I hope you are joking

KickThemOut
Member
KickThemOut

How many people had their V-Day ruined by loud talking FOBs locust last night?! I was at Black & Blue last night for a nice fancy dinner and it was the absolute worst dining experience of the year. Even worse than the dine out Vancouver experiences. If they don’t do something, I can’t see them getting repeat local customers for these events anymore.

bullwhip29
Guest
bullwhip29

A private high school in Vancouver that caters to international customers is facing complaints from students and parents who say they haven’t been compensated adequately after the school lost its certificate from the provincial government
https://www.theglobeandmail.com/news/british-columbia/vancouver-private-high-school-faces-criticism-after-losing-certificate/article37935596/

bullwhip29
Guest
bullwhip29

Some cities in the Vancouver region are getting ready to jump on a new provincial law that will allow them to create rental-only zones
https://www.theglobeandmail.com/news/british-columbia/bc-officials-clarify-plans-for-rental-only-zoning-law/article37987658/

Lost,... but not leased
Guest
Lost,... but not leased

Article lacks clarity..as expected.
“Rental only” zone basically freezes the property use from normal market housing

Question is WHO is going to build rentals?

patriotz
Member

“Question is WHO is going to build rentals?” How about companies that invest for rental income. They are called Real Estate Investment Trusts.

Note that since developers who build condos will not be interested in land that’s zoned for rental only, it will sell for a much lower price than land with unrestricted zoning.

Lost,... but not leased
Guest
Lost,... but not leased

That’s my point…..WHO??
Property owners will be choked if it;s their land with such a restriction…and what firm is willing to build new rentals?
Local Gov’ts created the mess via their re zoning of land to high density market housing.

Typical Gov’t = some band aid approach with a magic wand that will fix it via another type of rezoning.