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Tuesday, 21 November 2006 |
Lobbying attempts to reduce the sting on the sale of existing rental properties
Smaller landlords might be inclined to build new rental apartments if they didn’t face an immediate tax hit on the sale of existing properties, the Canadian Real Estate Association argued Monday.
The association joined the chorus of business groups calling on federal Finance Minister Jim Flaherty to make good on the Conservative government’s promise to reduce the sting of Canada’s capital gains tax.
Flaherty has already said his department is considering eliminating the capital gains tax for individuals when they sell investments, so long as they reinvest those gains within six months.
The real estate association is asking that Flaherty scrap its definition of “active” versus “passive” investor so that landlords with smaller holdings and fewer employees can defer capital-gains and capital-costallowance taxes, as long as they buy or build other properties within a year.
It is the same tax break larger companies get when they sell buildings and acquire “replacement properties.”
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Friday, 17 November 2006 |
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To my dismay, i couldnt get my morning cup of Joe. Apparently the excessive rain downtown, has either ruptured a water main, or somehow magically made its way into the coffee beans. If you are looking however, i recommend cozy corner cafe on the corner 1300 block of Alberni St. . The cofee is flowing there. To this day, this is my only complaint about Coal Harbour. It does say a lot about living in such a great place, when your only complaint you have ever had, is that you had to walk a few extra blocks one day to get your coffeee. Coal Harbour Coffee Addict. Coal Harbour waterfront condos are not immune to coffee shortages. |
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Wednesday, 15 November 2006 |
Stable housing market predicted until 2010
The outlook for British Columbia's housing market looks stable until 2010, Canada Mortgage and Housing Corp. reported Tuesday.
Canada Mortgage and Housing regional economist Carol Frketich said she expects overall housing sales and construction starts to decline, but prices will continue rising on continued economic strength.
Frketich said low inflation and mortgage rates, along with continued population and employment growth, will outweigh the negative effect on B.C.'s resource sector of a slowdown in the United States housing market .
The forecast picture "[bodes] well for the province's housing sector," she added.
Provincially, Frketich is forecasting 95,000 Multiple-Listing-Service-recorded sales in 2007, down five per cent from 2006.
Her forecast of 35,000 housing starts across the province in 2007 is also down from 2006.
Canada Mortgage and Housing is the latest agency to release its 2007 forecast, and it is consistent with previous predictions by Credit Union Central B.C. and Re/Max in estimating lower housing sales and new-home construction, yet with higher prices.
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