News

News

Prime Burnaby apartment property for sale

Steve McLean, Real Estate News Exchange
November 15, 2018

A prime site in Burnaby’s Metrotown neighbourhood is for sale, offering both solid holding income from existing apartments and attractive redevelopment potential.

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Landowner Transparency Act – More Taxes, Less Privacy

In a recent White Paper, the NDP government tabled a proposed piece of legislation called the Landowner Transparency Act (“Act”), which has a huge impact on the privacy interests of apartment building owners, as well as possible significant tax implications. Submissions to the government closed on September 19, 2018. Keep an eye out for the outcome of the submissions and for the inevitable legislation that ensues.

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Scapegoating landlords – it’s all politics, folks

Goodman Report
September 28, 2018

This week, the provincial government bowed to pressure from tenant organizations. Without any economic or impact study, the government announced formally its intention to roll back the previously mandated rent increases of CPI plus 2% (equating to 4.5% for 2019) to CPI only. This politically expedient, rushed announcement comes in ahead of the BC Rental Task Force Recommendations Report scheduled for November, whose contents we await with some trepidation.

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