News

News

Will new rules save Metrotown rentals?

Lauren Boothby, Burnaby Now
May 4, 2018

It’s something that’s been repeated at city hall for more than 20 years: Burnaby can’t stop redevelopment because municipalities can’t create rental-only zones.

Read article

Province confirms rental buildings to be exempt from luxury house tax

By Frank O’Brien, Business in Vancouver
February 28, 2018


The B.C. Finance Ministry has clarified a section of the February 20 provincial budget that levied a special school tax on luxury homes valued at $3 million or more, based on BC Assessment.

The ministry has confirmed that the tax will not apply to residential apartment buildings, which it defines as properties with four or more rental units.

Read article