Or, they just simply pay enough taxes.

and he shouldn’t pay for fire insurance because he’s never had a fire?

Polozi Scheme – I like your name! Yes, and had we had transparency all along, the citizens would have been screaming a long time ago. Money laundering, drug money in housing, rampant speculation from China, and other schemes are just starting to trickle out. Over and over we were told that nothing untoward was occurring, and the media, along with government and the real estate industry, have kept a tight lid on negative news. They have all been complicit in NOT getting the true story out. Of course, the damage has already been done. Heads really should roll over what’s been done to the country. People should go to jail. The vested interests don’t want this stopped. They’re trying desperately to discredit all who try to stop the carnage because they want the Ponzi scheme to continue, at least long… Read more »

A few reasons, I think: 1) Because 2 seconds of research shows that the BCI pension fund entity is a separate body that makes investment choices outside of governmental policy choices? 2) Because crafting policies that would theoretically HARM the value your of pension fund doesn’t seem like a particularly strong conflict situation? 3) Because the KM holdings of the BCI pension fund (~$18M) amount to around 0.01% of its total value, and whether or not the pipeline comes through will amount to maybe a few bucks different for individual pension holders? 4) Because your point of view is hilarious given that you’re up in arms about this, but refuse to acknowledge that the previous government engaged in this on a far bigger scale when they were outright suing tobacco companies while BCI held close to a half a BILLION… Read more »

That’s why these west side entitled boomers are so cranky.

I think it will be a good bear-ish indicator when we see a mainstream media source someone raise this point about our dependence on real estate as a reason to AVOID a collapse in real estate values.

Learn math, then talk.
The tax rate is 0.002, which means that the tax on 200k is $400 per year. Peanuts.

More generally, you are saying they should repeal their tax? That is what the BC Libs want to do. They argue that we need more investment from Asia, and that any measure that dissuades Asian investors to park their cash in Vancouver is misguided.

YVR, not only you are hyper partisan. You are also not very bright.

yup, i guess he failed math and opted for this line of work instead…

surtax on 200k “lift” from 3.0 to 3.2M would be only $400 not $1000, so he overstating how much additional tax this would generate and makes me wonder what the heck these house poor multi-millionaires are rioting about?

What is new? AS large chunk of BCers love high house prices. But an even larger chunk want lower prices and curbs to foreign capital flows.

The NDP only needs about 35% of motivated voters to stay in power. And if they keep their course on housing reforms, they will get even more than that.

Your desperate posts trying to discredit the NDP are waste of time here.
The NDP are in and they have a high approval rating so get used to it.

“Fellow-Liberal Colin Hansen, who preceded Falcon in the finance ministry, is similarly dismissive of the theory that B.C. is in a real estate bubble.

And he argued that housing-related industries — particularly construction — have helped B.C.’s GDP grow at “very healthy rates.” He said that if a crash happened, it would be devastating for the province’s construction workers.”

“Hansen said he supports gentle moderation of the market that would cause prices to plateau, rather than drop. That includes construction of even more housing, and redirecting foreign investment away from luxury homes and condos and toward things like purpose-built rentals.

“If we are simply going to discourage foreign investment from coming into the British Columbia economy, that would not be a good thing,” Hansen said.“

Questions in the package include:

Have you ever been a member or been employed to represent a special interest group or to lobby on behalf of that group?
Have you ever registered for lobbying with the province of British Columbia, other provinces in Canada, or with the federal government?
Do you own or work for a real estate development company in Canada?
Is there anything from your past that could present a conflict of interest?

“Bremner won last October’s by-election by exploiting left-wing vote-splitting and low voter turnout. His campaign was managed by veteran BC Liberal lobbyist Mark Marissen, the ex-husband of ex-Premier Christy Clark.”

“Despite the seat on city council, Bremner continues to work as a vice-president at the Pace Group and even promotes his position on the civic website. The BC Liberal-aligned public relations and lobbying firm’s website lists developers Aquilini Investment Group, Concert Properties and Intracorp among its clients. The Aquilinis own the Vancouver Canucks, Rogers Arena and its surrounding towers. The Aquilinis partnered with the Musqueam, Squamish and Tsleil-Waututh first nations on major acquisitions of provincial and federal land in the city. Redevelopment proposals are expected to come before city council during the 2018 to 2022 term.”

“Bremner, a former aide to Deputy Premier Rich Coleman, is already the subject of two conflict of interest complaints from party members under city hall’s code of conduct. An investigator has been appointed in one case. ”

Nice to see the NPA vetting candidates properly. Vision accepts card carrying communist party members like Meggs. Then again Meggs ran for the NDP prior to that and now is Chief of Staff to Horgan. I guess those commies fit in well with Vision and the NDP.

I’m 56, my first year in a Portable was grade 4, in an elementary school named St Gregory, Galt, Ont. the years went by and we were bused to a Junior High that serviced a wider geographic area. It was very crowded school, and I remember counting 13 portables. For grades 7 and 8 I must of spent half my classes in Portables. I remember my Grade 7 English teacher debating weather she should buy a fur coat or spend her money on a two week Caribbean vacation. By the time Grade 9 rolled around, another school was built in town, and half the towns kids went to this school, the other half remained in the original High School. It wasn’t long before they had to add portables to the new school. Grade 11 was in a private school in… Read more »