Vancouver City Council proposes province tax property flippers... But NPA voted against.
ICYMI, as the BC Budget was being delivered, the rest of Vancouver City Council passed Adriane Carr's "Call for Bold Provincial Actions to Tackle Housing Affordability."
The motion to address impacts of global capital, speculators & property flipping reflects a long standing intent of both the Vancouver and BC Greens to address some of the more egregious forces effecting housing demand and affordability.
The original motion is here: http://council.vancouver.ca/20180220/documents/motionb3.pdf
Specifically the entire NPA council caucus voted against items:
a.) restrictions on foreign purchases, and
c.) taxing flippers.
You can watch the debate and final amendments to the motion online starting around 04:50:00. http://civic.neulion.com/cityofvancouver/index.php?clipid=3495786,000
Posted in response to: https://globalnews.ca/news/4040242/vancouver-city-council-passes-motion-...