December 2018

Found 3 blog entries for December 2018.

New calculation model could help renters, says Thomas Davidoff of UBC Sauder School of Business

UBC professor proposes innovative property tax system to help housing affordability

A radical, innovative property tax model to improve housing affordability for renters has been proposed by a UBC associate professor.

In new research in the Canadian Tax Journal, UBC Sauder School of Business associate professor Thomas Davidoff suggests a new method for increasing homeowners’ annual property taxes that would result in lower income and sales taxes for all residents.

In a Q&A on the research, published by the UBC website, Davidoff says, “We’ve got a really out-of-balance tax system here — it’s a great place to buy real estate but not a great place to make a living, in terms of tax policy.”

Davidoff suggests that property taxes be…
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Vancouver home being sold at auction to 'Chinese real estate investors'

 

A “mid-century modern Vancouver estate” is being auctioned off to target wealthy “Chinese real estate investors.”

Sitting on an 11,638 sq.ft. lot, the home — designed by renowned Vancouver architect Kenneth McKinley — will be sold to the highest bidder through luxury auction firm Concierge Auctions on its online marketplace.

6137 Collingwood Place/ Concierge Auctions

Bidding will be open online for worldwide buyers on December 14 and will close at a live auction in Hong Kong on December 19, in order to “target Chinese real estate investors,” said Concierge Auctions in a release.

The 2900 sq. ft. single-family home, located at 6137 Collingwood Place, is nestled in a cul-de-sac on Vancouver’s West Side.

The home has four

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Anti-renoviction motion could have unintended effects, landlords warn

A group representing landlords in Vancouver is warning that a newly approved motion intended to protect tenants from renoviction could do more harm than good.

Council voted unanimously Tuesday in favour of key parts of a motion tabled by COPE Coun. Jean Swanson to stop landlords from evicting tenants so they can demolish, renovate or sell their property.

"Tenants won the right to come back after a renovation," said Wendy Pedersen of the Vancouver Tenants Union. "They're not going to get evicted."

But Landlord BC said it could also mean those with genuine intentions of renovating or upgrading their properties might scrap those plans altogether.

"The reinvestment in this existing building is just not going to happen," CEO David Hutniak told

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