Prestigious PropertiesReal Estate Investment Firm in Canmore, Alberta
Why #KMPipeline expansion makes sense environmentally and why many indigenous support it https://achemistinlangley.net/…/why-a-pragmatic-environmen…/
Baby steps that will mire the #MetroVan region in congestion for decades are celebrated as a huge victory http://vancouversun.com/…/translink-to-announce-funding-for… Where’s the #UBC subway? Where’s the new #MasseyTunnel ? Where’s a fast rail link to north shore ? Where are congestion fees to vastly reduce car use? Where’s the reduced civil servants salaries & benefits with out of control municipal operating costs? Where are fast ferries like we see in Sydney between various shore points in English Bay and Burrard Inlet?
Baby steps that will do little, if any, in a congested region that expect another 1M people the next 30 years.
More unintended consequences of the poorly thought through “speculation” tax .. for example from Nanaimo which is one of 5 regions included in this tax ( the others being Victoria, MetroVancouver, Fraser Valley and Kelown incl W-Kelowna)
“Suddenly, the development market is freezing up,” Findlater said in an interview. “The banks are not loaning and some developers are being caught in this already. I’m aware of that. Other developers who haven’t built are just putting it all on hold and just waiting for the air to clear.”
Court winds up majority owned Vancouver West strata in a sensible and expected decision well above assessed value http://vancouversun.com/…/judge-rules-vancouver-west-end-co…
As expected, the 2% “speculation” tax rears its ugly head in designated areas, such as West Kelowna. Many unintended consequences with huge negative tax, business, equity and employment implications well beyond the actual tax collected. http://vancouversun.com/…/backlash-to-speculation-tax-grows…
Good to see some sane people are still left in Canada with honest opinions ..
More #ABGreenShoots Energy sector capacity utilization on the rise again https://mailchi.mp/…/the-owl-energy-sector-capacity-utiliza…
The industrial capacity utilization rate is the ratio of an industry's actual output to its estimated potential output. A lower rate suggests more machines and equipment are sitting idle whereas a higher rate indicates less spare capacity in the system.
Me: What's the wifi password?
Barman: You need to buy a drink first.
Me: Okay, I'll have a coke....
Barman: Is Pepsi okay?
Me: Sure. How much is that?
Me: There you go. So what's the wifi password?
Barman: You need to buy a drink first. No spaces, all lowercase.
Ocean spills fear misguided .. some facts here http://vancouversun.com/…/is-the-trans-mountain-pipeline-re…
#SanFrancisco also struggling with high house prices - very similar to #Vancouver. And we think even more taxes will solve it ? http://www.businessinsider.com/why-people-are-leaving-san-f…
The new BC speculation tax is not well thought through yet. It’s not really a speculation tax. It’s another vacant or non-resident tax.
Many MANY unintended consequences. It will reduce supply immediately in some areas and will affect other businesses living off tourists with second homes. It will shift $s to ag land and will drive up those values dramatically. It will shift $s to cities just outside the boundaries of say Kelowna or Victoria, say Lake District, Sooke or Sydne...y.
In addition it is very easy to circumvent, actually. Since rentals are exempt, why not rent the second home to a family member or friend for a nominal amount, say $100? For foreigners it is very easy to set up a B.C. Corp and pay the non-income tax paying occupants ( say a spouse or a university attending kids ) a nominal income, say $20,000 a year with little income tax. Now it is occupied by a Canadian resident. Or one retired Alberta spouse will declare the golf course condo as the primary residence, pay almost no income tax but now use B.C. healthcare. Huge, unintended consequences, with far less tax money collected as envisioned.
As such, the far FAR better approach would have been to do what US states like WA or TX are doing: eliminate BC provincial income taxes and charge every property more, say 1%, regardless of ownership. Easy to enforce. No cheating. A massive job boom. Renters would have more money in their jeans. It would monetize BC’s golden goose, residential real estate, far far better, more evenly and more just. It would actually create an incentive to work more and not just invest in under-taxed real estate.
#Alberta bankruptcies in decline .. finally https://mailchi.mp/…/the-owl-consumer-bankruptcies-begin-to…
With ever more rules to get a mortgage & slightly rising rates we will see more #renters indeed. Add rising immigration, #GenY moving around, long approval cycles, high urban land costs & high building costs rentals will be in higher demand, as retail goes more & more online! http://business.financialpost.com/…/riocan-to-leverage-its-…
Don’t buy series A mutual funds through a discount brokerage or self directed online account - and get charged 1.5-2.5% fee for advice you don’t even get !
Albertans, non BC income tax paying residents and home owners of homes over $3M will be milked to build affordable housing in BC. Affordability will remain weak in BC’s biggest urban areas but NDP voters cheer the socialists’ tax grab http://www.policynote.ca/everything-you-wanted-to-know-abo…/