Foreign property buyers tax
Aug 1st 2016, 7:41 pm
#91
Born again atheist
Joined: Jul 2005
Location: Europe (to be specified).
Posts: 30,259
Re: Foreign property buyers tax
The problem is that very little information was released from the outset, 935 foreign buyers out of 9636 transactions. In order to derive guidance in respect of the Vancouver housing bubble without more useful data requires that a few assumptions are made. These assumptions may or may not be true and any assumptions I made were clearly stated and you're free to disagree with them. The detail you ask for doesn't exist and I understand that, but with a little insight we can perhaps make a few useful comments.
Aug 1st 2016, 7:58 pm
#92
BE Forum Addict
Joined: Mar 2011
Posts: 1,274
Re: Foreign property buyers tax
Aug 1st 2016, 8:05 pm
#93
Slob
Joined: Sep 2009
Location: Ottineau
Posts: 6,342
Re: Foreign property buyers tax
Please do go on. I haven't seen our resident university professor seriously work someone over for quite a while. I'm looking forward to it.
Aug 1st 2016, 11:32 pm
#94
Listen to the Music
Joined: Mar 2013
Location: Fraser Valley BC
Posts: 4,721
Re: Foreign property buyers tax
I've been worked over by professionals.
Aug 2nd 2016, 12:41 am
#96
I need a walk
Joined: Mar 2014
Location: Okanagan
Posts: 4,899
Re: Foreign property buyers tax
Aug 2nd 2016, 1:57 am
#97
BE Forum Addict
Joined: Mar 2011
Posts: 1,274
Re: Foreign property buyers tax
Now if only I can get back to my previous practical thesis of determining.."why the female orgasm?"....I'll be renewed...heck, I might even discover religion.
Cannot help with the problems down South...but I've had more laughs than watching 'Grumpy Old Men' and the 'Trump for Pres' series is continuing...
Aug 2nd 2016, 10:46 am
#98
Yo
Joined: Nov 2012
Location: UK
Posts: 24,474
Re: Foreign property buyers tax
Good Aussie docu (20 mins) on the 'changing fortunes' of Vancouver...
Aug 2nd 2016, 2:43 pm
#99
BE Forum Addict
Joined: Mar 2011
Posts: 1,274
Re: Foreign property buyers tax
Good Aussie docu (20 mins) on the 'changing fortunes' of Vancouver...
https://www.youtube.com/watch?v=fTPym5VHI4c
https://www.youtube.com/watch?v=fTPym5VHI4c
I backtracked and saw one of the realtor's sign is from a friend of mine. He's of Indian ethnicity and used to moor his boat near mine in a downtown marina.
Aug 2nd 2016, 3:24 pm
#100
Dichotomus tinker
Joined: Aug 2013
Location: Ontario, Canada
Posts: 6,678
Re: Foreign property buyers tax
B.C. foreign buyer tax won't make big dent in housing affordability, experts say - Business - CBC News
10% of sales involve foreigners[ [source CBC]
Experts are expressing doubt a property transfer tax on foreign buyers that takes effect Tuesday will have a significant impact on housing affordability in Metro Vancouver.
The next four to six months will be uncertain until the different players in the market decide how to react to the 15 per cent tax, said Anne McMullin, president of the non-profit industry association Urban Development Institute.
The tax legislated by B.C.'s Liberal government last week will apply to foreigners purchasing residential property in Metro Vancouver.
Data released by the province shows that nearly 10 per cent of property transfers in Metro Vancouver during a five-week period from June 10 to July 14 involved foreign nationals
10% of sales involve foreigners[ [source CBC]
Experts are expressing doubt a property transfer tax on foreign buyers that takes effect Tuesday will have a significant impact on housing affordability in Metro Vancouver.
The next four to six months will be uncertain until the different players in the market decide how to react to the 15 per cent tax, said Anne McMullin, president of the non-profit industry association Urban Development Institute.
The tax legislated by B.C.'s Liberal government last week will apply to foreigners purchasing residential property in Metro Vancouver.
Data released by the province shows that nearly 10 per cent of property transfers in Metro Vancouver during a five-week period from June 10 to July 14 involved foreign nationals
Aug 2nd 2016, 3:49 pm
#101
Assimilated Pauper
Joined: Mar 2005
Location: Ontario
Posts: 40,018
Re: Foreign property buyers tax
Aug 2nd 2016, 4:02 pm
#102
BE Forum Addict
Joined: Mar 2011
Posts: 1,274
Re: Foreign property buyers tax
Where in the world does anyone, who are NOT citizens, have representation... whether they pay taxes or not!
Aug 2nd 2016, 10:05 pm
#103
Born again atheist
Joined: Jul 2005
Location: Europe (to be specified).
Posts: 30,259
Aug 2nd 2016, 11:12 pm
#104
BE Forum Addict
Joined: Mar 2011
Posts: 1,274
Re: Foreign property buyers tax
EU is NOT a country with citizens...my passport says European Union on the top but says I'm a UK citizen and the Passport belongs to UK....I believe all other members of EU are similar.
Please explain how non-citizens are represented in France as per the general meaning behind 'Taxation without Representation'.....which created the revolutionary war for USA independance.
btw You used the term...not me!
Please explain how non-citizens are represented in France as per the general meaning behind 'Taxation without Representation'.....which created the revolutionary war for USA independance.
btw You used the term...not me!
Aug 3rd 2016, 1:42 am
#105
Assimilated Pauper
Joined: Mar 2005
Location: Ontario
Posts: 40,018
Re: Foreign property buyers tax
That was me. However, my point was not that foreigners should be able to vote, just that robbing them is only social acceptable because they're foreign.
Can't people who are permanent residents of Canada, but not citizens, vote in municipal elections?
Can't people who are permanent residents of Canada, but not citizens, vote in municipal elections?