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If you are like me, then you probably have tons of questions about Property Transfer Tax. Do I have to pay it? What happens when I sell my house? What if I want to give my house to my children? Are there any rebates, discounts or first-time homebuyer benefits? I’ve come across a nice article from David Simon – which is quite helpful in some of the odd particulars of Property Transfer Tax, like adding someone’s name to title – does that constitute a sale subject to property transfer tax? I’m by no means an expert nor a lawyer – should you consult your own lawyer if you have a particular situation or question? Yes. If you want to shoot me over a quick question, or get some recommendations on who you should really be speaking to, please hit up the comment section below or on my contact form.
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RENTING A CONDO may be cheaper than owning one, but it doesn’t mean that the rental unit is affordable.
This is a central argument in a new legal challenge against the City of Vancouver program that provides incentives to developers of market rentals.
Reblogged from The Georgia Straight
On February 3 this year, the West End Neighbours Residents Society filed an amended petition seeking a court declaration that Rental 100: Secured Market Housing Policy—and its now-expired predecessor, Short Term Incentives for Rental Housing, or STIR—violates the Vancouver Charter.
The two policies were introduced by the ruling Vision Vancouver party.
“They’re giving away too much to developers in return for not enough back to the public,” WEN director Randy Helten told the Georgia Straight by phone on February 18.
According to Helten, the case will be heard by the B.C. Supreme Court on April 9 and April 10 this year.
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