Talk:Bill 28 (British Columbia)/Archive 1

Refs
http://www.lexology.com/library/detail.aspx?g=4f2cf07f-5424-41b4-8560-b14d99bccfe7 http://vancouversun.com/news/staff-blogs/civic-lee-speaking-loopholes-in-new-foreign-tax-law-coming-to-light http://vancouversun.com/news/politics/premier-unveils-foreign-buyers-tax-on-metro-vancouver-real-estate http://vancouversun.com/business/local-business/nightmare-vancouver-housing-tax-threatens-foreign-tech-talent http://business.financialpost.com/personal-finance/mortgages-real-estate/top-vancouver-realtor-rapped-for-trying-to-avoid-new-15-property-transfer-tax http://business.financialpost.com/personal-finance/mortgages-real-estate/b-c-to-bring-in-additional-15-per-cent-real-estate-tax-on-foreign-buyers-in-vancouver-in-effort-to-rein-in-high-home-prices http://business.financialpost.com/personal-finance/mortgages-real-estate/reality-of-b-c-s-foreign-buyers-tax-begins-to-bite-as-realtors-report-deals-collapsing http://news.nationalpost.com/full-comment/b-c-government-looks-to-rally-public-support-with-surprise-citizenship-tax-on-vancouver-housing http://www.cknw.com/2016/07/29/poll-shows-most-metro-vancouver-residents-support-new-housing-taxes/ http://www.propertywire.com/news/north-america/vancouver-real-estate-tax-2016072912206.html http://www.ottawacitizen.com/business/vancouver+realtor+rapped+trying+avoid+property+transfer/12086641/story.html http://hibusiness.ca/2016/07/28/foreign-buyers-damaging-the-market-government-responds/ http://www.cknw.com/2016/07/27/business-report-will-ontario-mimic-b-c-s-new-foreign-buyers-tax/ http://www.theglobeandmail.com/report-on-business/video/video-bc-brings-in-15-property-tax-for-foreign-buyers/article31100323/ https://www.leg.bc.ca/parliamentary-business/legislation-debates-proceedings/40th-parliament/5th-session/bills/third-reading/gov28-3 http://www.lexology.com/library/detail.aspx?g=e70acb3a-4454-46d2-902d-023c3d13b7df http://www.cbc.ca/news/canada/british-columbia/metro-vancouver-home-sales-foreign-buyers-tax-1.3694167 http://www.cbc.ca/news/canada/british-columbia/christy-clark-takes-on-big-risk-with-foreign-home-buyers-tax-1.3701164 http://www.cbc.ca/news/business/bc-foreign-homebuyer-tax-housing-market-toronto-1.3696511 http://www.cbc.ca/news/canada/british-columbia/working-immigrants-foreign-tax-1.3698362 http://www.cbc.ca/news/canada/british-columbia/real-estate-council-investigation-realtor-1.3697962 http://www.cbc.ca/news/canada/british-columbia/vancouver-real-estate-foreign-data-1.3695439 http://www.cbc.ca/news/canada/british-columbia/real-estate-agents-scramble-to-close-before-15percent-tax-deadline-1.3701635 http://www.cbc.ca/news/business/bc-foreign-homebuyer-tax-housing-market-toronto-1.3696511 http://www.cbc.ca/news/canada/british-columbia/foreign-real-estate-tax-bc-1.3706527 http://www.cbc.ca/news/canada/british-columbia/real-estate-vancouver-sales-1.3706119 http://www.huffingtonpost.ca/2016/07/25/bc-property-transfer-tax_n_11184620.html http://www.news1130.com/2016/07/25/bc-brings-in-15-property-tax-for-foreign-buyers/ http://vancouver.24hrs.ca/2016/07/26/foreign-buyers-scoop-18-of-richmond-homes http://gulfnews.com/business/property/british-columbia-imposes-15-property-transfer-tax-on-foreign-home-buyers-1.1869261 http://www.japantimes.co.jp/news/2016/07/26/business/british-columbia-slaps-15-tax-foreign-buyers-real-estate-home-prices-soar-supply-sinks/ http://www.vancourier.com/opinion/history-shows-that-home-prices-will-eventually-fall-1.2164945 https://www.theguardian.com/world/2016/aug/02/vancouver-real-estate-foreign-house-buyers-tax (Homelessness connection) http://www.burnabynow.com/news/market-feels-the-effects-of-a-new-tax-1.2316773 http://www.mortgagebrokernews.ca/news/tales-of-a-vancouver-luxury-broker-in-a-transformed-market-211565.aspx http://www.straight.com/blogra/749866/wave-real-estate-filings-end-july-no-proof-foreign-buyers-rushing-avoid-tax http://www.troymedia.com/2016/08/03/families-vancouver-cant-afford-housing/ http://www.mondaq.com/canada/x/515910/property+taxes/BC+imposes+additional+15+tax+on+foreigners+effective+August+2+2016 Ottawahitech (talk) 12:41, 31 July 2016 (UTC)- 22:40, 5 August 2016 (UTC)

more refs: Foreign buyers singled out for additional 15% tax

 * Vancouver Sun: British Columbia neglected  NAFTA  when applying new tax http://vancouversun.com/opinion/opinion-b-c-legislators-launch-nafta-roulette
 * Vancouver Sun: Foreign buyers tax fallout -- deals are collapsing http://vancouversun.com/storyline/foreign-buyers-tax-fallout-seals-thousands-of-deals-sinks-others-realtors
 * Vancouver Sun: Unfinished study into the effect of foreign buyers on local real estate http://vancouversun.com/news/local-news/province-still-touts-incomplete-68k-study-on-foreign-buyers
 * Canadian Broadcasting Corporation Foreign buyers crushing Vancouver home dreams http://www.cbc.ca/news/canada/british-columbia/sfu-real-estate-study-foreign-buyers-1.3572499
 * Globe and Mail: At least 427 deals are likely to collapse due to 15 per cent tax http://www.theglobeandmail.com/news/british-columbia/fallout-from-bc-tax-poised-to-hit-more-than-400-home-purchases/article31310430/
 * Globe and Mail: Financial fault lines: The earthquake risk of Vancouver’s condo boom http://www.theglobeandmail.com/real-estate/vancouver/financial-fault-lines-the-earthquake-risk-of-vancouvers-condo-boom/article31354381/

October 2016 (UTC) Ottawahitech (talk) 02:05, 9 August 2016 (UTC) - 23:10, 15 August 2016 (UTC)  please ping me


 * The Runner: RUNNER RUN-DOWN: B.C.’S NEW PROPERTY TRANSFER TAX         http://runnermag.ca/2016/08/runner-run-down-bcs-new-property-transfer-tax/
 * Facebook Group for those affected: Articles and efforts related to those affected by tax.         https://www.facebook.com/groups/1229833680370266  — Preceding unsigned comment added by 99.199.99.11 (talk) 20:32, 22

refs continued
Ottawahitech (talk) 16:38, 22 August 2016 (UTC) - 01:26, 31 August 2016 (UTC) (UTC)please ping me
 * Canadian Broadcasting Corporation: Market slowdown means the foreign buyers tax could be working, Realtor says http://www.cbc.ca/news/canada/british-columbia/market-slowdown-means-the-foreign-buyers-tax-could-be-working-realtor-says-1.3728387
 * Financial Post: Canada’s housing market is, and has been, on fire for the better part of a decade http://business.financialpost.com/midas-letter/downside-of-uber-airbnb-is-disrupted-canadian-economy
 * The Province: Bill Vander Zalm: Metro Vancouver residents may grow to regret foreign ownership sales tax http://theprovince.com/business/real-estate/bill-vander-zalm-metro-vancouver-residents-may-grow-to-regret-foreign-ownership-sales-tax
 * Canadian Broadcasting Corporation: Cooling red hot Vancouver real estate market healthier, says economist http://www.cbc.ca/news/canada/british-columbia/real-estate-vancouver-housing-market-slow-down-foreign-buyers-tax-1.3735213
 * advisor.ca: vancouver’s housing market isn’t like pre-crash Florida http://www.advisor.ca/news/vancouvers-housing-market-isnt-like-pre-crash-florida-210963
 * Canadian Broadcasting Corporation(2015): 70 per cent of all sales in Metro Vancouver rated unaffordable http://www.cbc.ca/news/canada/british-columbia/vancouver-s-housing-costs-won-t-be-solved-just-by-desperate-tweets-1.3042551 Generation Squeeze: Canadians should pay attention to the #Don'thave1million hashtag http://www.cbc.ca/news/canada/british-columbia/vancouver-housing-prices-tweet-spurs-donthave1million-social-media-campaign-1.3036655  Vancouver homes prices will climb to $2.1 million by 2030 http://www.cbc.ca/news/canada/british-columbia/vancouver-homes-prices-will-climb-to-2-1-million-by-2030-report-1.3009944 Vancouver house sells for $567K over listed price http://www.cbc.ca/news/canada/british-columbia/vancouver-house-sells-for-567k-over-listed-price-1.3012604
 * Canadian Broadcasting Corporation: Vancouver  home affordability has biggest drop in 26 years according to Royal Bank of Canada  http://www.cbc.ca/news/business/housing-toronto-vancouver-rbc-td-1.3741298 +  B.C. foreign buyer tax won't make big dent in housing affordability] experts say http://www.cbc.ca/news/business/b-c-foreign-buyer-tax-1.3703759

Another batch of refs

 * Business Vancouver: B.C.’s 15% tax on foreign buyers doesn’t worry recruiters ( purchase of home is part of the salary negotiation)  https://www.biv.com/article/2016/8/bcs-15-tax-foreign-buyers-doesnt-worry-recruiters/
 * Globe and Mail: B.C. to target foreign real estate buyers with new tax http://www.theglobeandmail.com/news/british-columbia/bc-to-target-foreign-real-estate-buyers-with-new-tax/article31096550/

Ottawahitech (talk) 13:50, 31 August 2016 (UTC) - 13:52, 31 August 2016 (UTC) please ping me

Tax Cheat connection

 * Globe and Mail: B.C. urges federal government crackdown on real estate tax cheats http://www.theglobeandmail.com/news/politics/cra-launches-review-of-bc-real-estate-speculators/article31847258
 * Out of the shadows (long and murky tale of crowdfunding, Social financing and CRA http://www.theglobeandmail.com/real-estate/vancouver/out-of-the-shadows/article31802994/
 * Open letter from the Minister of National Revenue(September 12, 2016) http://beta.images.theglobeandmail.com/static/politics/CRA/Statement.pdf
 * REAL ESTATE Ottawa’s housing reforms target foreign buyers, mortgage debt government also unveiled tax measures to close loopholes that allow real estate speculators to avoid paying capital gains tax on the sale of investment properties. The changes follow a Globe investigation in the Vancouver area that revealed a network of local and foreign buyers flipping homes for profit and avoiding taxes by classifying them as principal residences. http://www.theglobeandmail.com/news/national/ottawa-unveils-new-housing-measures-to-slow-foreign-real-estate-investment/article32206297/
 * Ottawa’s push to tackle real estate tax dodgers sees mixed response...mixed reviews in Toronto and Vancouver, where high prices and speculation are causing the biggest concerns…two of the announced changes could bring significant benefits…The first is a new rule requiring a home buyer to file taxes in Canada, as a resident, the same year they buy a home…The most meaningful change…is that every Canadian tax filer will now have to report the sale of a principal residence to the CRA…On the downside…one of the key ways foreign investors exploit the system remains. Students living in Canada temporarily can still buy a house, with money given to them, then claim it was their principal residence when they sell…the key will be whether the CRA has the resources and expertise to fully enforce the new rules…What the announcement does not address is the issue of non-resident home owners who are not properly reporting gains on the sale of real estate or filing Canadian tax returns at all…“The changes announced by the federal government include measures we have asked for, and they are welcome steps that may help provide further fairness and stability in the market for home buyers,” said Rich Coleman, B.C.’s minister responsible for housing…David Eby predicted a crackdown on the abuse of principal residence exemptions will do more to make housing affordable than the 15-per-cent levy on foreign buyers the province brought in this summer http://www.theglobeandmail.com/real-estate/ottawas-new-housing-rules-aimed-at-tax-dodgers-sees-mixed-response/article32227527/
 * South China Morning Post (The Hongcouver): Canada’s tax agency is ‘out for blood’: not from global-income cheats, but from its leaking auditors http://www.scmp.com/news/world/united-states-canada/article/2008684/canadas-tax-agency-out-blood-not-global-income
 * Vancouver Sun: NDP calls for tougher enforcement around B.C. real estate sales http://www.theprovince.com/news/local+news/calls+tougher+enforcement+around+real+estate+sales/12185560/story.html
 * The Province: Feds, after dragging heels, plan crackdown on Vancouver real estate tax cheats http://theprovince.com/news/local-news/feds-after-dragging-heels-plan-crackdown-on-vancouver-real-estate-tax-cheats. Quotes:
 * NDP MP for Burnaby South Kennedy Stewart:
 * “This confirms the federal government is leaving local residents to the wolves when it comes to our housing market. It confirms that we have lost control of a significant segment of our housing market to foreign buyers, many of whom appear to be cheating our tax system.
 * “Worse still, the government has known about this problem for years, failed to take the right actions, and what limited actions they have taken have badly failed. It is scandalous and the government needs to start treating this situation as the emergency it is.”
 * Vancouver-Point Grey NDP MLA David Eby said the CRA has been asleep at the switch, failing to identify and penalize so-called low income owners of expensive houses that have avoided paying taxes.


 * Global News: Unclear if Canada has paid for Panama Papers leaks http://globalnews.ca/news/2929842/unclear-if-canada-has-paid-for-panama-papers-leaks/

Ottawahitech (talk) 19:23, 13 September 2016 (UTC) - 23:46, 6 October 2016 (UTC) please ping me

Offshore buyers connection
Ottawahitech (talk) 14:54, 16 September 2016 (UTC)please ping me
 * The Province: Student who flipped Point Grey property for $1.16 million profit prompts new call for stricter oversight for real estate (Eby said the information raises questions about how offshore buyers are influencing metro Vancouver real estate markets) http://vancouversun.com/news/local-news/student-flipped-point-grey-property-for-1-16-million-profit-research-for-ndp-critic-david-eby-shows

Affordable housing connection
Ottawahitech (talk) 14:58, 16 September 2016 (UTC) - 20:20, 5 December 2016 (UTC) please ping me
 * The Province: Canadian government needs to pony up for social housing http://theprovince.com/opinion/columnists/canadian-government-needs-to-pony-up-for-social-housing
 * Scrutinizing housing tax revenue may affect affordability http://www.pressreader.com/canada/the-province/20160915/281736973914724
 * Vancouver Sun: B.C. opens coffers for a new housing affordabilityplan, puts $500 million on table http://vancouversun.com/business/real-estate/b-c-opens-coffers-for-a-new-housing-affordability-plan-puts-500-million-on-table
 * Toronto Star: National affordable housing plan urgently needed https://www.thestar.com/opinion/commentary/2016/09/27/national-affordable-housing-plan-urgently-needed.html
 * The Tyee: Bulging with New Cash, BC Liberals Eye Spending Spree into Election - goverment will spend $500 million on housing affordability, http://www.thetyee.ca/News/2016/09/16/BC-Liberals-Bulging-Wallet/
 * Canadian Broadcasting Corporation: 68 affordable housing projects announced as part of $500M investment http://www.cbc.ca/news/canada/british-columbia/68-affordable-housing-projects-announced-as-part-of-500m-investment-1.3862113
 * Vancouver seniors are becoming increasingly vulnerable to homelessness, report finds http://www.cbc.ca/news/canada/british-columbia/vancouver-seniors-are-becoming-increasingly-vulnerable-to-homelessness-report-finds-1.3812074 ** Vancouver seniors are becoming increasingly vulnerable to homelessness, report finds http://www.cbc.ca/news/canada/british-columbia/vancouver-seniors-are-becoming-increasingly-vulnerable-to-homelessness-report-finds-1.3812074
 * BC Housing: Map showing 68 proposed affordable housing projects.    http://www.bchousing.org/Media/NR/2016/11/21/12228_1611211114-875

Rental connection

 * Vancouver Sun: Bridge funding helps 22 B.C. co-ops continue providing housing to low-income renters http://vancouversun.com/news/local-news/bridge-funding-helps-22-b-c-co-ops-continue-providing-housing-to-low-income-renters
 * Squeezed out: Renters losing homes as Lower Mainland owners cash in on hot market http://vancouversun.com/news/local-news/squeezed-out-renters-losing-homes-as-lower-mainland-owners-cash-in-on-hot-market
 * Complaints about evictions soar in B.C.'s hot rental market http://vancouversun.com/news/local-news/in-b-c-s-hot-rental-market-complaints-about-evictions-are-up-sharply

Homelessness connection

 * The Guardian: Vancouver slaps 15% tax on foreign house buyers in effort to cool market. Money collected from the tax will be put towards housing initiatives for renters, low-income residents and first-time buyers, amid record numbers of homeless in the city. (from original set of refs) https://www.theguardian.com/world/2016/aug/02/vancouver-real-estate-foreign-house-buyers-tax
 * G&M: Mayors to pressure Ottawa to address affordable housing crisis http://www.theglobeandmail.com/news/politics/mayors-to-pressure-ottawa-to-address-affordable-housing-crisis/article32155458/

Vacancy tax connection

 * Canadian Broadcasting Corporation:  Is Vancouver's vacant home tax going to rely on snitches? How the city plans to catch cheaters is just one of many questions experts have about the vacancy tax http://www.cbc.ca/news/canada/british-columbia/vancouver-vacant-empty-home-tax-1.3762126
 * Vancouver mayor promises new vacant home tax by 2017 http://www.cbc.ca/news/canada/british-columbia/vancouver-vacant-home-tax-1.3761496


 * IN DEPTH Vancouver mayor's proposed vacancy tax raises red flags Vancouver mayor's proposed vacancy tax raises red flags http://www.cbc.ca/news/canada/british-columbia/vancouver-vacancy-tax-1.3648896
 * Vancouver real estate: vacant home rate flat since 2002, says city report http://www.cbc.ca/news/canada/british-columbia/vancouver-empty-homes-report-1.3481195


 * G&M: Gregor Robertson wants higher vacancy tax for Vancouver homes http://www.theglobeandmail.com/news/british-columbia/vancouver-empty-homes-tax-to-include-secondary-units-used-for-airbnb/article31971833/

Ottawahitech (talk) 15:45, 16 September 2016 (UTC) - 20:36, 7 December 2016 (UTC) please ping me

Canadian federal government connection

 * G&M: Ottawa making housing fix a top priority, minister says  http://www.theglobeandmail.com/news/politics/ottawa-making-housing-fix-a-top-priority-minister-says/article31924658/
 * Finance Minister 'pleased’ by banks' restrictions on foreign home buyers http://www.theglobeandmail.com/news/politics/finance-minister-pleased-by-banks-restrictions-on-foreign-home-buyers/article32054269/
 * Ottawa’s housing reforms target foreign buyers, mortgage debt B.C. didn’t consult with federal officials on its foreign-buyers’ tax, Mr. Morneau said. As federal Finance Minister, he only had a few hours advance warning before the provincial government announced the surprise move in late July. “We weren’t engaged in that decision,” he said, adding it was too soon to tell whether it would be effective. http://www.theglobeandmail.com/news/national/ottawa-unveils-new-housing-measures-to-slow-foreign-real-estate-investment/article32206297/
 * Four major changes to Canada’s housing rules ... also meant to address concerns related to foreign buyers who buy and flip Canadian homes.
 * 1) Expanding a mortgage rate stress test to all insured mortgages.
 * 2) As of Nov. 30, the government will impose new restrictions on when it will provide insurance for low-ratio mortgages.
 * 3) New reporting rules for the primary residence capital gains exemption.
 * 4) The government is launching consultations on lender risk sharing.
 * Five previous federal housing moves since 2008:


 * 1) July, 2008
 * 2) February, 2010
 * 3) January, 2011
 * 4) June, 2012
 * 5) December, 2015 http://www.theglobeandmail.com/real-estate/four-major-changes-to-canadas-housing-rules/article32223470/
 * National Post: Federal government closes tax loophole used by foreign home buyers, hikes mortgage scrutiny Under the new rules, foreign buyers who were not residents at the time a home was bought will no longer be able to claim a principal residence exemption, and families will only be able to designate one property as the family’s principal residence for any given year..."Evidence of a large foreign presence is abundant,” the economists wrote. “For example, resale house prices fell by 19 per cent (month-over-month) in Vancouver in August, the first month of a new foreign real estate transaction tax.”
 * Toronto Star: Chinese property mogul wants to speak to Trudeau about B.C. foreign buyers’ tax https://www.thestar.com/business/2016/10/17/chinese-property-mogul-wants-to-speak-to-trudeau-about-bc-foreign-buyers-tax.html
 * Financial Post: Housing policy is being created for the whole country based on markets in Toronto and Vancouver http://business.financialpost.com/personal-finance/mortgages-real-estate/a-housing-policy-is-being-created-for-the-whole-country-based-on-markets-in-toronto-and-vancouver

Ottawahitech (talk) 21:53, 20 September 2016 (UTC) - 19:07, 20 October 2016 (UTC) please ping me

Mortgage fraud connection
Vancouver Sun: Couple claim they were told to fake assets to buy Richmond home http://vancouversun.com/business/mortgages/couple-claim-they-were-told-to-fake-assets-to-buy-richmond-home

Ottawahitech (talk) 22:01, 20 September 2016 (UTC)please ping me

Aftermath connection

 * G&M: Toronto's house price jump stirs fear offshore buyers will head east http://www.theglobeandmail.com/real-estate/the-market/troubling-trend-seen-as-toronto-posts-record-july-home-sales/article31270381/
 * Plunge in Vancouver drags down Canadian home sales totals http://www.theglobeandmail.com/real-estate/the-market/canadian-home-sales-fall-in-august-fourth-monthly-decline/article31893212/
 * B.C. rolls out rental stock investment, watchdog to tackle housing http://www.theglobeandmail.com/real-estate/vancouver/bc-names-superintendent-to-take-over-real-estate-regulation/article31953006/
 * Vancouver home sales hit four-year low in wake of foreign-buyers tax http://www.theglobeandmail.com/real-estate/the-market/vancouver-sales-dropped-26-in-wake-of-foreign-buyers-tax/article31688214/
 * Christy Clark’s foreign-buyers tax is doing exactly what it was meant to do (chart showing Percentage of foreign buyers before and after the tax)  http://www.theglobeandmail.com/news/british-columbia/christy-clarks-foreign-buyers-tax-is-doing-exactly-what-it-was-meant-to-do/article32080077/
 * Seattle Times: Seattle becomes No. 1 U.S. market for Chinese homebuyers http://www.seattletimes.com/business/real-estate/seattle-becomes-no-1-us-market-for-chinese-homebuyers/
 * Vancouver Sun: B.C. opens coffers for a new housing affordability plan, puts $500 million on table http://vancouversun.com/business/real-estate/b-c-opens-coffers-for-a-new-housing-affordability-plan-puts-500-million-on-table?__lsa=d275-70e2
 * B.C.'s $500-million housing affordability plan to create new rental units: Clark http://vancouversun.com/news/local-news/clark-rolls-out-provinces-500-million-housing-affordability-plan

Lawsuits

 * The Province: Class-action lawsuit filed against B.C. government for foreign home buyers' tax http://www.theprovince.com/business/real-estate/class+action+lawsuit+filed+against+government+over/12206940/story.html
 * Huffington Post: B.C. Foreign Homebuyer Tax Faces Student's Class Action Lawsuit http://www.huffingtonpost.ca/2016/09/20/bc-foreign-homebuyer-tax-_n_12106116.html

Ottawahitech (talk) 21:48, 20 September 2016 (UTC) - 20:12, 28 September 2016 (UTC)  (UTC) please ping me

Real estate market
Ottawahitech (talk) 20:34, 9 November 2016 (UTC) - 10:44, 4 January 2017 (UTC) please ping me
 * Financial Post: Vancouver foreign tax slowing an already cooling home market, realtor group says http://business.financialpost.com/personal-finance/mortgages-real-estate/vancouver-foreign-tax-slowing-an-already-cooling-home-market-realtor-group-says
 * CMHC calls for slowing housing market in 2017, but prices will continue to rise http://business.financialpost.com/personal-finance/mortgages-real-estate/cmhc-calls-for-slowing-housing-market-in-2017-but-prices-will-continue-to-rise
 * Vancouver home sales plummet almost 40% as wary buyers wait out rapidly changing market. Fewer people are buying in Vancouver because of rapidly changing market conditions, partially brought on by government regulation, say Vancouver realtors who reported Wednesday that sales were off 38.8 per cent in October from a year ago.  http://business.financialpost.com/personal-finance/mortgages-real-estate/vancouver-home-sales-plummet-almost-40-as-wary-buyers-wait-out-rapidly-changing-market
 * BNN: "Foreign buyers accounted for 3% of Vancouver home sales in wake of tax". Overseas investors made up 3 per cent of home sales in October in Metro Vancouver. slightly higher than 1.8 per cent in September but down from the 13.2 per cent between June 10 and Aug. 1. British Columbia introduced the 15 per cent foreign property transfer tax effective Aug. 2 to improve affordability in Canada's most expensive property market. The provincial government introduced this Act after many residents and housing advocates alleged  that foreign buyers, especially from China, were causing  prices to go up and making homes unaffordable for locals.  Critics of of the Act said it was unfair to existing property owners and predicted it would hurt the economy. Some 431 property transfer tax returns, totaling $36 million have been filed from  Aug 2  until Nov. 14. 215 audit files have been started for investigating if taxes were not paid. The province is monitoring home purchases on Vancouver Island, including Victoria, where 10.3 per cent of the value of transactions was due to foreign purchases. Vancouver-area home sales fell nearly 40 per cent year-to-year in October. http://www.bnn.ca/foreign-buyers-accounted-for-3-of-vancouver-home-sales-in-wake-of-tax-1.619325
 * Vancouver Sun: “Metro Vancouver home sales prices predicted to drop next year”. http://vancouversun.com/news/local-news/things-probably-pretty-bad-metro-vancouver-home-sales-prices-predicted-to-drop-next-year
 * ”Provincial surplus projected to increase, despite cooling B.C. real estate” The surplus is predicted to be higher than the $264 million projected in the February 2016 BC provincial budget. However, the initial estimate that the foreign buyer tax would generate $165 million this year in extra revenue was downgraded on November 29, 2016, to $50 million reflecting  the decline in sales experienced since the introduction of the foreign buyer tax. The BC Government still expects revenues from the property transfer tax to be  almost $2 billion this year. A jump of almost $1 billion higher than budgeted because of real estate sales and rising prices of homes, was decreased by $204 million since the first quarter, in property transfer tax revenue projection. This is  assumed to be partly a result of the government’s 15 per cent foreign buyer tax, which dramatically reduced real estate deals initially, but  has since partially recovered. http://vancouversun.com/news/local-news/provincial-surplus-projected-to-increase-despite-cooling-b-c-real-estate
 * Some Metro Vancouver single-family home assessments will increase by 50% in 2017: B.C. Assessment http://vancouversun.com/news/local-news/some-lower-mainland-single-family-home-assessments-will-increase-30-50-in-2017-b-c-assessment
 * Douglas Todd: is real estate foreign buyers tax the 15 per cent solution. Some industry lobbyists have been apoplectic. Reviving their silencing technique of the 1990s, they have claimed the tax is "xenophobic."  http://vancouversun.com/opinion/columnists/douglas-todd-is-real-estate-foreign-buyers-tax-the-15-per-cent-solution
 * G&M canadas-housing-market-expected-to-cool-further-in-2017 Forecastors are predicting a slowdown triggered not by economic conditions or rising interest rates but by the heavy hand of government policy…many say the sheer pace and willingness of governments — federal, provincial and local — to intervene in the housing market in 2016 has been unprecedented http://www.theglobeandmail.com/real-estate/the-market/canadas-housing-market-expected-to-cool-further-in-2017/article33449650/

Home builders

 * global News: Vancouver’s foreign-buyer tax hitting detached homes harder than condos,developers say http://globalnews.ca/news/3015406/vancouvers-foreign-buyer-tax-hitting-detached-homes-harder-than-condos-developers-say/
 * Vancouver Sun: Housing starts slowing in Metro. Slide follows introduction of foreign buyers tax. https://www.pressreader.com/canada/the-vancouver-sun/20161109/281878707944467
 * Housing starts in Vancouver fall to lowest level since 2011: CMHC http://www.vancouversun.com/business/pace+housing+starts+slips+october+compared+with+september+cmhc/12364844/story.html
 * Real estate developers topped B.C. Liberals donor list in the past year. The Liberals attempted to cool the market with a 15 per cent tax on foreign buyers last August…Eight of the 10 top donors to the B.C. Liberal party in 2016, and so far in 2017, are involved in the province’s property development and construction industries… Liberal spokesman Emile Scheffel said supporters include… individuals and businesses…the Liberal government was investing in affordable rental housing, in addition to bringing in 15 per cent foreign owner tax. http://vancouversun.com/business/local-business/property-developers-topped-b-c-liberals-donor-list-in-the-past-year


 * Montreal Gazette: Housing starts in Vancouver fall to lowest level since 2011: CMHC http://www.montrealgazette.com/business/pace+housing+starts+slips+october+compared+with+september/12364844/story.html
 * Metronews: Housing starts in Vancouver fall to lowest level since 2011: CMHC http://www.metronews.ca/business/2016/11/08/pace-of-housing-starts-slips-in-october-compared-with-september-cmhc.html

Ottawahitech 20 October 2016 (UTC) - 20:30, 9 November 2016 (UTC) - 20:50, 18 January 2017 (UTC) please ping me

Foreign home buyers outside British columbia

 * Financial Post: Realtor says Vancouver foreign-buyer tax had ‘significant’ impact on luxury homes sales in Toronto http://business.financialpost.com/personal-finance/mortgages-real-estate/realtor-says-vancouver-foreign-buyer-tax-had-significant-impact-on-luxury-homes-sales-in-toronto

Foreign home buyers outside Canada
Ottawahitech (talk) 00:05, 1 October 2016  -  15:46, 1 October 2016 (UTC) - 20:31, 9 November 2016 (UTC) {{{small|please ping me}}
 * The Guardian: London mayor launches unprecedented inquiry into foreign property ownership "Chinese are the biggest buyers of new-build residential accommodation globally, with the Singaporeans second and the British fourth" https://www.theguardian.com/cities/2016/sep/29/london-mayor-sadiq-khan-inquiry-foreign-property-ownership
 * Canadian Broadcasting Corporation: Foreign home buyers: How other countries limit money from abroad http://www.cbc.ca/news/business/real-estate-housing-foreign-buyers-1.3479508

Real Estate Services Act connection

 * G&M: Unlicensed foreign agents leverage lax regulation to sell B.C. real estate http://www.theglobeandmail.com/news/world/unlicensed-foreign-agents-leverage-lax-regulation-to-sell-bc-real-estate/article32316302/

Ottawahitech (talk) 20:04, 11 October 2016 (UTC)please ping me

Are nursing homes considered residential?
Are nursing homes considered residential property for the purpose of this Act? If so, http://www.theglobeandmail.com/news/national/chinese-company-anbang-buys-stake-in-bc-based-retirement-home-chain/article33065536/ may be of interest. Thank in advance, Ottawahitech (talk)please ping me

Repeated blanking of this talk-page
To the editor who keeps blanking this page please stop and explain why you are doing this. Are you really after the improvement of the article? - If so, please explain how blanking this talk-page improves the article. Thank you. Ottawahitech (talk) 10:42, 4 January 2017 (UTC)please ping me
 * Please stop re adding the massive list of news references here. They should exist in userspace the article.SuperMarioWikiEditor (talk) 10:11, 25 January 2017 (UTC)
 * VQuakr (talk) 17:12, 25 January 2017 (UTC)
 * TALK would be a good start. Pasting numerous news articles like this doesn't facilitate a discussion, nor are they all reliable sources. SuperMarioWikiEditor (talk) 19:49, 25 January 2017 (UTC)
 * ...which would be a great thing to point out here on the talk page. It isn't one of the limited cases listed at WP:TPO that would be grounds for removal. VQuakr (talk) 22:25, 25 January 2017 (UTC)

Mario's been indefinitely blocked for abuse of multiple accounts, so I won't hold my breath awaiting a response. I clicked on one of the links at random in the first section of this page, and it didn't appear to mention the subject of this article. In the context of WP:SYN, which precludes incorporation of this source into the article and WP:TPG, which states that article talk pages exist to discuss changes to the corresponding article, what is the point of having this link?

Any list of potential sources and references is only going to be useful if it (mostly) contains content that could plausibly be used in the article. Given this, wouldn't it make this list more useful to yourself and others if it were edited down to content related to this article? VQuakr (talk) 02:36, 26 January 2017 (UTC)

This article was created by Ottawahitech. Virtually all edits have been made by Ottawahitech. The jumble of links on this talk page was added by Ottawahitech. It is likely only useful to Ottawahitech and he knows how to access the talk page archive. If anyone is actually interested in improving this article, I suggest they start be correcting the name (it has not been a "bill" for months). World&#39;s Lamest Critic (talk) 04:17, 26 January 2017 (UTC)


 * Whether Ottawahitech or anyone else knows how to access the archive is irrelevant. Focus on content and not editors, please.
 * Your last sentence is a separate issue. What's the most recognizable term for the subject of this article? VQuakr (talk) 05:05, 26 January 2017 (UTC)
 * Do you understand how bills are named in British Columbia? World&#39;s Lamest Critic (talk) 14:55, 26 January 2017 (UTC)
 * Your response implies you didn't read the policy I linked above, WP:TITLE. The formal title of the act is relevant, but not the sole factor in determining the best article title. VQuakr (talk) 02:18, 27 January 2017 (UTC)
 * Do you understand how bills are named in British Columbia? World&#39;s Lamest Critic (talk) 15:37, 27 January 2017 (UTC)
 * Ok, got it, WP:NOTHERE. Ottawa, any thoughts on the article title? VQuakr (talk) 20:47, 27 January 2017 (UTC)
 * There's no reason to be dismissive. I'm asking you a straightforward question since your comments suggest you do not understand the naming convention for bills in British Columbia or what happens when they are passed. None of this is relevant to the discussion about this talk page, but just for the record, do you understand how bills are named in British Columbia? World&#39;s Lamest Critic (talk) 22:24, 27 January 2017 (UTC)
 * I don't have a preference for the name, yet. For those who want to change the article's name have a look at what links here, or check the refs to see what the media is calling it. Ottawahitech (talk) 13:30, 28 January 2017 (UTC)please ping me

Why this article is important
For those who are here for the purpose of developing this into a decent piece of wikiedia information, please have a look at my attempt to explain the significance of this article Ottawahitech (talk) 13:23, 28 January 2017 (UTC)please ping me


 * Social media or at least Redit are discussing this topic at: https://www.reddit.com/r/vancouver/comments/5i3y0b/real_estate_developers_slammed_bc_over_surprise/ Ottawahitech (talk) 14:08, 30 January 2017 (UTC)please ping me

Refs
http://www.lexology.com/library/detail.aspx?g=4f2cf07f-5424-41b4-8560-b14d99bccfe7 http://vancouversun.com/news/staff-blogs/civic-lee-speaking-loopholes-in-new-foreign-tax-law-coming-to-light http://vancouversun.com/news/politics/premier-unveils-foreign-buyers-tax-on-metro-vancouver-real-estate http://vancouversun.com/business/local-business/nightmare-vancouver-housing-tax-threatens-foreign-tech-talent http://business.financialpost.com/personal-finance/mortgages-real-estate/top-vancouver-realtor-rapped-for-trying-to-avoid-new-15-property-transfer-tax http://business.financialpost.com/personal-finance/mortgages-real-estate/b-c-to-bring-in-additional-15-per-cent-real-estate-tax-on-foreign-buyers-in-vancouver-in-effort-to-rein-in-high-home-prices http://business.financialpost.com/personal-finance/mortgages-real-estate/reality-of-b-c-s-foreign-buyers-tax-begins-to-bite-as-realtors-report-deals-collapsing http://news.nationalpost.com/full-comment/b-c-government-looks-to-rally-public-support-with-surprise-citizenship-tax-on-vancouver-housing http://www.cknw.com/2016/07/29/poll-shows-most-metro-vancouver-residents-support-new-housing-taxes/ http://www.propertywire.com/news/north-america/vancouver-real-estate-tax-2016072912206.html http://www.ottawacitizen.com/business/vancouver+realtor+rapped+trying+avoid+property+transfer/12086641/story.html http://hibusiness.ca/2016/07/28/foreign-buyers-damaging-the-market-government-responds/ http://www.cknw.com/2016/07/27/business-report-will-ontario-mimic-b-c-s-new-foreign-buyers-tax/ http://www.theglobeandmail.com/report-on-business/video/video-bc-brings-in-15-property-tax-for-foreign-buyers/article31100323/ https://www.leg.bc.ca/parliamentary-business/legislation-debates-proceedings/40th-parliament/5th-session/bills/third-reading/gov28-3 http://www.lexology.com/library/detail.aspx?g=e70acb3a-4454-46d2-902d-023c3d13b7df http://www.cbc.ca/news/canada/british-columbia/metro-vancouver-home-sales-foreign-buyers-tax-1.3694167 http://www.cbc.ca/news/canada/british-columbia/christy-clark-takes-on-big-risk-with-foreign-home-buyers-tax-1.3701164 http://www.cbc.ca/news/business/bc-foreign-homebuyer-tax-housing-market-toronto-1.3696511 http://www.cbc.ca/news/canada/british-columbia/working-immigrants-foreign-tax-1.3698362 http://www.cbc.ca/news/canada/british-columbia/real-estate-council-investigation-realtor-1.3697962 http://www.cbc.ca/news/canada/british-columbia/vancouver-real-estate-foreign-data-1.3695439 http://www.cbc.ca/news/canada/british-columbia/real-estate-agents-scramble-to-close-before-15percent-tax-deadline-1.3701635 http://www.cbc.ca/news/business/bc-foreign-homebuyer-tax-housing-market-toronto-1.3696511 http://www.cbc.ca/news/canada/british-columbia/foreign-real-estate-tax-bc-1.3706527 http://www.cbc.ca/news/canada/british-columbia/real-estate-vancouver-sales-1.3706119 http://www.huffingtonpost.ca/2016/07/25/bc-property-transfer-tax_n_11184620.html http://www.news1130.com/2016/07/25/bc-brings-in-15-property-tax-for-foreign-buyers/ http://vancouver.24hrs.ca/2016/07/26/foreign-buyers-scoop-18-of-richmond-homes http://gulfnews.com/business/property/british-columbia-imposes-15-property-transfer-tax-on-foreign-home-buyers-1.1869261 http://www.japantimes.co.jp/news/2016/07/26/business/british-columbia-slaps-15-tax-foreign-buyers-real-estate-home-prices-soar-supply-sinks/ http://www.vancourier.com/opinion/history-shows-that-home-prices-will-eventually-fall-1.2164945 https://www.theguardian.com/world/2016/aug/02/vancouver-real-estate-foreign-house-buyers-tax (Homelessness connection) http://www.burnabynow.com/news/market-feels-the-effects-of-a-new-tax-1.2316773 http://www.mortgagebrokernews.ca/news/tales-of-a-vancouver-luxury-broker-in-a-transformed-market-211565.aspx http://www.straight.com/blogra/749866/wave-real-estate-filings-end-july-no-proof-foreign-buyers-rushing-avoid-tax http://www.troymedia.com/2016/08/03/families-vancouver-cant-afford-housing/ http://www.mondaq.com/canada/x/515910/property+taxes/BC+imposes+additional+15+tax+on+foreigners+effective+August+2+2016 Ottawahitech (talk) 12:41, 31 July 2016 (UTC)- 22:40, 5 August 2016 (UTC)

more refs: Foreign buyers singled out for additional 15% tax

 * Vancouver Sun: British Columbia neglected  NAFTA  when applying new tax http://vancouversun.com/opinion/opinion-b-c-legislators-launch-nafta-roulette
 * Vancouver Sun: Foreign buyers tax fallout -- deals are collapsing http://vancouversun.com/storyline/foreign-buyers-tax-fallout-seals-thousands-of-deals-sinks-others-realtors
 * Vancouver Sun: Unfinished study into the effect of foreign buyers on local real estate http://vancouversun.com/news/local-news/province-still-touts-incomplete-68k-study-on-foreign-buyers
 * Canadian Broadcasting Corporation Foreign buyers crushing Vancouver home dreams http://www.cbc.ca/news/canada/british-columbia/sfu-real-estate-study-foreign-buyers-1.3572499
 * Globe and Mail: At least 427 deals are likely to collapse due to 15 per cent tax http://www.theglobeandmail.com/news/british-columbia/fallout-from-bc-tax-poised-to-hit-more-than-400-home-purchases/article31310430/
 * Globe and Mail: Financial fault lines: The earthquake risk of Vancouver’s condo boom http://www.theglobeandmail.com/real-estate/vancouver/financial-fault-lines-the-earthquake-risk-of-vancouvers-condo-boom/article31354381/

October 2016 (UTC) Ottawahitech (talk) 02:05, 9 August 2016 (UTC) - 23:10, 15 August 2016 (UTC)  please ping me


 * The Runner: RUNNER RUN-DOWN: B.C.’S NEW PROPERTY TRANSFER TAX         http://runnermag.ca/2016/08/runner-run-down-bcs-new-property-transfer-tax/
 * Facebook Group for those affected: Articles and efforts related to those affected by tax.         https://www.facebook.com/groups/1229833680370266  — Preceding unsigned comment added by 99.199.99.11 (talk) 20:32, 22

refs continued
Ottawahitech (talk) 16:38, 22 August 2016 (UTC) - 01:26, 31 August 2016 (UTC) (UTC)please ping me
 * Canadian Broadcasting Corporation: Market slowdown means the foreign buyers tax could be working, Realtor says http://www.cbc.ca/news/canada/british-columbia/market-slowdown-means-the-foreign-buyers-tax-could-be-working-realtor-says-1.3728387
 * Financial Post: Canada’s housing market is, and has been, on fire for the better part of a decade http://business.financialpost.com/midas-letter/downside-of-uber-airbnb-is-disrupted-canadian-economy
 * The Province: Bill Vander Zalm: Metro Vancouver residents may grow to regret foreign ownership sales tax http://theprovince.com/business/real-estate/bill-vander-zalm-metro-vancouver-residents-may-grow-to-regret-foreign-ownership-sales-tax
 * Canadian Broadcasting Corporation: Cooling red hot Vancouver real estate market healthier, says economist http://www.cbc.ca/news/canada/british-columbia/real-estate-vancouver-housing-market-slow-down-foreign-buyers-tax-1.3735213
 * advisor.ca: vancouver’s housing market isn’t like pre-crash Florida http://www.advisor.ca/news/vancouvers-housing-market-isnt-like-pre-crash-florida-210963
 * Canadian Broadcasting Corporation(2015): 70 per cent of all sales in Metro Vancouver rated unaffordable http://www.cbc.ca/news/canada/british-columbia/vancouver-s-housing-costs-won-t-be-solved-just-by-desperate-tweets-1.3042551 Generation Squeeze: Canadians should pay attention to the #Don'thave1million hashtag http://www.cbc.ca/news/canada/british-columbia/vancouver-housing-prices-tweet-spurs-donthave1million-social-media-campaign-1.3036655  Vancouver homes prices will climb to $2.1 million by 2030 http://www.cbc.ca/news/canada/british-columbia/vancouver-homes-prices-will-climb-to-2-1-million-by-2030-report-1.3009944 Vancouver house sells for $567K over listed price http://www.cbc.ca/news/canada/british-columbia/vancouver-house-sells-for-567k-over-listed-price-1.3012604
 * Canadian Broadcasting Corporation: Vancouver  home affordability has biggest drop in 26 years according to Royal Bank of Canada  http://www.cbc.ca/news/business/housing-toronto-vancouver-rbc-td-1.3741298 +  B.C. foreign buyer tax won't make big dent in housing affordability] experts say http://www.cbc.ca/news/business/b-c-foreign-buyer-tax-1.3703759

Another batch of refs

 * Business Vancouver: B.C.’s 15% tax on foreign buyers doesn’t worry recruiters ( purchase of home is part of the salary negotiation)  https://www.biv.com/article/2016/8/bcs-15-tax-foreign-buyers-doesnt-worry-recruiters/
 * Globe and Mail: B.C. to target foreign real estate buyers with new tax http://www.theglobeandmail.com/news/british-columbia/bc-to-target-foreign-real-estate-buyers-with-new-tax/article31096550/

Ottawahitech (talk) 13:50, 31 August 2016 (UTC) - 13:52, 31 August 2016 (UTC) please ping me

Tax Cheat connection

 * Globe and Mail: B.C. urges federal government crackdown on real estate tax cheats http://www.theglobeandmail.com/news/politics/cra-launches-review-of-bc-real-estate-speculators/article31847258
 * Out of the shadows (long and murky tale of crowdfunding, Social financing and CRA http://www.theglobeandmail.com/real-estate/vancouver/out-of-the-shadows/article31802994/
 * Open letter from the Minister of National Revenue(September 12, 2016) http://beta.images.theglobeandmail.com/static/politics/CRA/Statement.pdf
 * REAL ESTATE Ottawa’s housing reforms target foreign buyers, mortgage debt government also unveiled tax measures to close loopholes that allow real estate speculators to avoid paying capital gains tax on the sale of investment properties. The changes follow a Globe investigation in the Vancouver area that revealed a network of local and foreign buyers flipping homes for profit and avoiding taxes by classifying them as principal residences. http://www.theglobeandmail.com/news/national/ottawa-unveils-new-housing-measures-to-slow-foreign-real-estate-investment/article32206297/
 * Ottawa’s push to tackle real estate tax dodgers sees mixed response...mixed reviews in Toronto and Vancouver, where high prices and speculation are causing the biggest concerns…two of the announced changes could bring significant benefits…The first is a new rule requiring a home buyer to file taxes in Canada, as a resident, the same year they buy a home…The most meaningful change…is that every Canadian tax filer will now have to report the sale of a principal residence to the CRA…On the downside…one of the key ways foreign investors exploit the system remains. Students living in Canada temporarily can still buy a house, with money given to them, then claim it was their principal residence when they sell…the key will be whether the CRA has the resources and expertise to fully enforce the new rules…What the announcement does not address is the issue of non-resident home owners who are not properly reporting gains on the sale of real estate or filing Canadian tax returns at all…“The changes announced by the federal government include measures we have asked for, and they are welcome steps that may help provide further fairness and stability in the market for home buyers,” said Rich Coleman, B.C.’s minister responsible for housing…David Eby predicted a crackdown on the abuse of principal residence exemptions will do more to make housing affordable than the 15-per-cent levy on foreign buyers the province brought in this summer http://www.theglobeandmail.com/real-estate/ottawas-new-housing-rules-aimed-at-tax-dodgers-sees-mixed-response/article32227527/
 * South China Morning Post (The Hongcouver): Canada’s tax agency is ‘out for blood’: not from global-income cheats, but from its leaking auditors http://www.scmp.com/news/world/united-states-canada/article/2008684/canadas-tax-agency-out-blood-not-global-income
 * Vancouver Sun: NDP calls for tougher enforcement around B.C. real estate sales http://www.theprovince.com/news/local+news/calls+tougher+enforcement+around+real+estate+sales/12185560/story.html
 * The Province: Feds, after dragging heels, plan crackdown on Vancouver real estate tax cheats http://theprovince.com/news/local-news/feds-after-dragging-heels-plan-crackdown-on-vancouver-real-estate-tax-cheats. Quotes:
 * NDP MP for Burnaby South Kennedy Stewart:
 * “This confirms the federal government is leaving local residents to the wolves when it comes to our housing market. It confirms that we have lost control of a significant segment of our housing market to foreign buyers, many of whom appear to be cheating our tax system.
 * “Worse still, the government has known about this problem for years, failed to take the right actions, and what limited actions they have taken have badly failed. It is scandalous and the government needs to start treating this situation as the emergency it is.”
 * Vancouver-Point Grey NDP MLA David Eby said the CRA has been asleep at the switch, failing to identify and penalize so-called low income owners of expensive houses that have avoided paying taxes.


 * Global News: Unclear if Canada has paid for Panama Papers leaks http://globalnews.ca/news/2929842/unclear-if-canada-has-paid-for-panama-papers-leaks/

Ottawahitech (talk) 19:23, 13 September 2016 (UTC) - 23:46, 6 October 2016 (UTC) please ping me

Offshore buyers connection
Ottawahitech (talk) 14:54, 16 September 2016 (UTC) -- 13:38, 28 January 2017 (UTC)please ping me
 * The Province: Student who flipped Point Grey property for $1.16 million profit prompts new call for stricter oversight for real estate (Eby said the information raises questions about how offshore buyers are influencing metro Vancouver real estate markets) http://vancouversun.com/news/local-news/student-flipped-point-grey-property-for-1-16-million-profit-research-for-ndp-critic-david-eby-shows
 * Business in Vancouver: Foreign-buyer tax won’t stop Chinese investment in Vancouver This sudden move was designed to dampen the market for the steady inflow of offshore money – mainly Chinese

Affordable housing connection
Ottawahitech (talk) 14:58, 16 September 2016 (UTC) - 20:20, 5 December 2016 (UTC) please ping me
 * The Province: Canadian government needs to pony up for social housing http://theprovince.com/opinion/columnists/canadian-government-needs-to-pony-up-for-social-housing
 * Scrutinizing housing tax revenue may affect affordability http://www.pressreader.com/canada/the-province/20160915/281736973914724
 * Vancouver Sun: B.C. opens coffers for a new housing affordabilityplan, puts $500 million on table http://vancouversun.com/business/real-estate/b-c-opens-coffers-for-a-new-housing-affordability-plan-puts-500-million-on-table
 * Toronto Star: National affordable housing plan urgently needed https://www.thestar.com/opinion/commentary/2016/09/27/national-affordable-housing-plan-urgently-needed.html
 * The Tyee: Bulging with New Cash, BC Liberals Eye Spending Spree into Election - goverment will spend $500 million on housing affordability, http://www.thetyee.ca/News/2016/09/16/BC-Liberals-Bulging-Wallet/
 * Canadian Broadcasting Corporation: 68 affordable housing projects announced as part of $500M investment http://www.cbc.ca/news/canada/british-columbia/68-affordable-housing-projects-announced-as-part-of-500m-investment-1.3862113
 * Vancouver seniors are becoming increasingly vulnerable to homelessness, report finds http://www.cbc.ca/news/canada/british-columbia/vancouver-seniors-are-becoming-increasingly-vulnerable-to-homelessness-report-finds-1.3812074 ** Vancouver seniors are becoming increasingly vulnerable to homelessness, report finds http://www.cbc.ca/news/canada/british-columbia/vancouver-seniors-are-becoming-increasingly-vulnerable-to-homelessness-report-finds-1.3812074
 * BC Housing: Map showing 68 proposed affordable housing projects.    http://www.bchousing.org/Media/NR/2016/11/21/12228_1611211114-875

Rental connection

 * Vancouver Sun: Bridge funding helps 22 B.C. co-ops continue providing housing to low-income renters http://vancouversun.com/news/local-news/bridge-funding-helps-22-b-c-co-ops-continue-providing-housing-to-low-income-renters
 * Squeezed out: Renters losing homes as Lower Mainland owners cash in on hot market http://vancouversun.com/news/local-news/squeezed-out-renters-losing-homes-as-lower-mainland-owners-cash-in-on-hot-market
 * Complaints about evictions soar in B.C.'s hot rental market http://vancouversun.com/news/local-news/in-b-c-s-hot-rental-market-complaints-about-evictions-are-up-sharply

Homelessness connection

 * The Guardian: Vancouver slaps 15% tax on foreign house buyers in effort to cool market. Money collected from the tax will be put towards housing initiatives for renters, low-income residents and first-time buyers, amid record numbers of homeless in the city. (from original set of refs) https://www.theguardian.com/world/2016/aug/02/vancouver-real-estate-foreign-house-buyers-tax
 * G&M: Mayors to pressure Ottawa to address affordable housing crisis http://www.theglobeandmail.com/news/politics/mayors-to-pressure-ottawa-to-address-affordable-housing-crisis/article32155458/

Vacancy tax connection

 * Canadian Broadcasting Corporation:  Is Vancouver's vacant home tax going to rely on snitches? How the city plans to catch cheaters is just one of many questions experts have about the vacancy tax http://www.cbc.ca/news/canada/british-columbia/vancouver-vacant-empty-home-tax-1.3762126
 * Vancouver mayor promises new vacant home tax by 2017 http://www.cbc.ca/news/canada/british-columbia/vancouver-vacant-home-tax-1.3761496


 * IN DEPTH Vancouver mayor's proposed vacancy tax raises red flags Vancouver mayor's proposed vacancy tax raises red flags http://www.cbc.ca/news/canada/british-columbia/vancouver-vacancy-tax-1.3648896
 * Vancouver real estate: vacant home rate flat since 2002, says city report http://www.cbc.ca/news/canada/british-columbia/vancouver-empty-homes-report-1.3481195


 * G&M: Gregor Robertson wants higher vacancy tax for Vancouver homes http://www.theglobeandmail.com/news/british-columbia/vancouver-empty-homes-tax-to-include-secondary-units-used-for-airbnb/article31971833/

Ottawahitech (talk) 15:45, 16 September 2016 (UTC) - 20:36, 7 December 2016 (UTC) please ping me

Canadian federal government connection

 * G&M: Ottawa making housing fix a top priority, minister says  http://www.theglobeandmail.com/news/politics/ottawa-making-housing-fix-a-top-priority-minister-says/article31924658/
 * Finance Minister 'pleased’ by banks' restrictions on foreign home buyers http://www.theglobeandmail.com/news/politics/finance-minister-pleased-by-banks-restrictions-on-foreign-home-buyers/article32054269/
 * Ottawa’s housing reforms target foreign buyers, mortgage debt B.C. didn’t consult with federal officials on its foreign-buyers’ tax, Mr. Morneau said. As federal Finance Minister, he only had a few hours advance warning before the provincial government announced the surprise move in late July. “We weren’t engaged in that decision,” he said, adding it was too soon to tell whether it would be effective. http://www.theglobeandmail.com/news/national/ottawa-unveils-new-housing-measures-to-slow-foreign-real-estate-investment/article32206297/
 * Four major changes to Canada’s housing rules ... also meant to address concerns related to foreign buyers who buy and flip Canadian homes.
 * 1) Expanding a mortgage rate stress test to all insured mortgages.
 * 2) As of Nov. 30, the government will impose new restrictions on when it will provide insurance for low-ratio mortgages.
 * 3) New reporting rules for the primary residence capital gains exemption.
 * 4) The government is launching consultations on lender risk sharing.
 * Five previous federal housing moves since 2008:


 * 1) July, 2008
 * 2) February, 2010
 * 3) January, 2011
 * 4) June, 2012
 * 5) December, 2015 http://www.theglobeandmail.com/real-estate/four-major-changes-to-canadas-housing-rules/article32223470/
 * National Post: Federal government closes tax loophole used by foreign home buyers, hikes mortgage scrutiny Under the new rules, foreign buyers who were not residents at the time a home was bought will no longer be able to claim a principal residence exemption, and families will only be able to designate one property as the family’s principal residence for any given year..."Evidence of a large foreign presence is abundant,” the economists wrote. “For example, resale house prices fell by 19 per cent (month-over-month) in Vancouver in August, the first month of a new foreign real estate transaction tax.”
 * Toronto Star: Chinese property mogul wants to speak to Trudeau about B.C. foreign buyers’ tax https://www.thestar.com/business/2016/10/17/chinese-property-mogul-wants-to-speak-to-trudeau-about-bc-foreign-buyers-tax.html
 * Financial Post: Housing policy is being created for the whole country based on markets in Toronto and Vancouver http://business.financialpost.com/personal-finance/mortgages-real-estate/a-housing-policy-is-being-created-for-the-whole-country-based-on-markets-in-toronto-and-vancouver

Ottawahitech (talk) 21:53, 20 September 2016 (UTC) - 19:07, 20 October 2016 (UTC) please ping me

Mortgage fraud connection
Vancouver Sun: Couple claim they were told to fake assets to buy Richmond home http://vancouversun.com/business/mortgages/couple-claim-they-were-told-to-fake-assets-to-buy-richmond-home

Ottawahitech (talk) 22:01, 20 September 2016 (UTC)please ping me

Aftermath connection

 * G&M: Toronto's house price jump stirs fear offshore buyers will head east http://www.theglobeandmail.com/real-estate/the-market/troubling-trend-seen-as-toronto-posts-record-july-home-sales/article31270381/
 * Plunge in Vancouver drags down Canadian home sales totals http://www.theglobeandmail.com/real-estate/the-market/canadian-home-sales-fall-in-august-fourth-monthly-decline/article31893212/
 * B.C. rolls out rental stock investment, watchdog to tackle housing http://www.theglobeandmail.com/real-estate/vancouver/bc-names-superintendent-to-take-over-real-estate-regulation/article31953006/
 * Vancouver home sales hit four-year low in wake of foreign-buyers tax http://www.theglobeandmail.com/real-estate/the-market/vancouver-sales-dropped-26-in-wake-of-foreign-buyers-tax/article31688214/
 * Christy Clark’s foreign-buyers tax is doing exactly what it was meant to do (chart showing Percentage of foreign buyers before and after the tax)  http://www.theglobeandmail.com/news/british-columbia/christy-clarks-foreign-buyers-tax-is-doing-exactly-what-it-was-meant-to-do/article32080077/
 * Seattle Times: Seattle becomes No. 1 U.S. market for Chinese homebuyers http://www.seattletimes.com/business/real-estate/seattle-becomes-no-1-us-market-for-chinese-homebuyers/
 * Vancouver Sun: B.C. opens coffers for a new housing affordability plan, puts $500 million on table http://vancouversun.com/business/real-estate/b-c-opens-coffers-for-a-new-housing-affordability-plan-puts-500-million-on-table?__lsa=d275-70e2
 * B.C.'s $500-million housing affordability plan to create new rental units: Clark http://vancouversun.com/news/local-news/clark-rolls-out-provinces-500-million-housing-affordability-plan

Lawsuits

 * The Province: Class-action lawsuit filed against B.C. government for foreign home buyers' tax http://www.theprovince.com/business/real-estate/class+action+lawsuit+filed+against+government+over/12206940/story.html
 * Huffington Post: B.C. Foreign Homebuyer Tax Faces Student's Class Action Lawsuit http://www.huffingtonpost.ca/2016/09/20/bc-foreign-homebuyer-tax-_n_12106116.html

Ottawahitech (talk) 21:48, 20 September 2016 (UTC) - 20:12, 28 September 2016 (UTC)  (UTC) please ping me

Real estate market
Ottawahitech (talk) 20:34, 9 November 2016 (UTC) - 10:44, 4 January 2017 (UTC) please ping me
 * Financial Post: Vancouver foreign tax slowing an already cooling home market, realtor group says http://business.financialpost.com/personal-finance/mortgages-real-estate/vancouver-foreign-tax-slowing-an-already-cooling-home-market-realtor-group-says
 * CMHC calls for slowing housing market in 2017, but prices will continue to rise http://business.financialpost.com/personal-finance/mortgages-real-estate/cmhc-calls-for-slowing-housing-market-in-2017-but-prices-will-continue-to-rise
 * Vancouver home sales plummet almost 40% as wary buyers wait out rapidly changing  market. Fewer people are buying in Vancouver because of rapidly changing market conditions, partially brought on by government regulation, say Vancouver realtors who reported Wednesday that sales were off 38.8 per cent in October from a year ago. http://business.financialpost.com/personal-finance/mortgages-real-estate/vancouver-home-sales-plummet-almost-40-as-wary-buyers-wait-out-rapidly-changing-market
 * BNN: "Foreign buyers accounted for 3% of Vancouver home sales in wake of tax". Overseas investors made up 3 per cent of home sales in October in Metro Vancouver. slightly higher than 1.8 per cent in September but down from the 13.2 per cent between June 10 and Aug. 1. British Columbia introduced the 15 per cent foreign property transfer tax effective Aug. 2 to improve affordability in Canada's most expensive property market. The provincial government introduced this Act after many residents and housing advocates alleged  that foreign buyers, especially from China, were causing  prices to go up and making homes unaffordable for locals.  Critics of of the Act said it was unfair to existing property owners and predicted it would hurt the economy. Some 431 property transfer tax returns, totaling $36 million have been filed from  Aug 2  until Nov. 14. 215 audit files have been started for investigating if taxes were not paid. The province is monitoring home purchases on Vancouver Island, including Victoria, where 10.3 per cent of the value of transactions was due to foreign purchases. Vancouver-area home sales fell nearly 40 per cent year-to-year in October. http://www.bnn.ca/foreign-buyers-accounted-for-3-of-vancouver-home-sales-in-wake-of-tax-1.619325
 * Vancouver Sun: “Metro Vancouver home sales prices predicted to drop next year”. http://vancouversun.com/news/local-news/things-probably-pretty-bad-metro-vancouver-home-sales-prices-predicted-to-drop-next-year
 * ”Provincial surplus projected to increase, despite cooling B.C. real estate” The surplus is predicted to be higher than the $264 million projected in the February 2016 BC provincial budget. However, the initial estimate that the foreign buyer tax would generate $165 million this year in extra revenue was downgraded on November 29, 2016, to $50 million reflecting  the decline in sales experienced since the introduction of the foreign buyer tax. The BC Government still expects revenues from the property transfer tax to be  almost $2 billion this year. A jump of almost $1 billion higher than budgeted because of real estate sales and rising prices of homes, was decreased by $204 million since the first quarter, in property transfer tax revenue projection. This is  assumed to be partly a result of the government’s 15 per cent foreign buyer tax, which dramatically reduced real estate deals initially, but  has since partially recovered. http://vancouversun.com/news/local-news/provincial-surplus-projected-to-increase-despite-cooling-b-c-real-estate
 * Some Metro Vancouver single-family home assessments will increase by 50% in 2017: B.C. Assessment http://vancouversun.com/news/local-news/some-lower-mainland-single-family-home-assessments-will-increase-30-50-in-2017-b-c-assessment
 * Douglas Todd: is real estate foreign buyers tax the 15 per cent solution. Some industry lobbyists have been apoplectic. Reviving their silencing technique of the 1990s, they have claimed the tax is "xenophobic."  http://vancouversun.com/opinion/columnists/douglas-todd-is-real-estate-foreign-buyers-tax-the-15-per-cent-solution
 * G&M canadas-housing-market-expected-to-cool-further-in-2017 Forecastors are predicting a slowdown triggered not by economic conditions or rising interest rates but by the heavy hand of government policy…many say the sheer pace and willingness of governments — federal, provincial and local — to intervene in the housing market in 2016 has been unprecedented http://www.theglobeandmail.com/real-estate/the-market/canadas-housing-market-expected-to-cool-further-in-2017/article33449650/

Home builders

 * global News: Vancouver’s foreign-buyer tax hitting detached homes harder than condos,developers say http://globalnews.ca/news/3015406/vancouvers-foreign-buyer-tax-hitting-detached-homes-harder-than-condos-developers-say/
 * Vancouver Sun: Housing starts slowing in Metro. Slide follows introduction of foreign buyers tax. https://www.pressreader.com/canada/the-vancouver-sun/20161109/281878707944467
 * Housing starts in Vancouver fall to lowest level since 2011: CMHC http://www.vancouversun.com/business/pace+housing+starts+slips+october+compared+with+september+cmhc/12364844/story.html
 * Real estate developers topped B.C. Liberals donor list in the past year. The Liberals attempted to cool the market with a 15 per cent tax on foreign buyers last August…Eight of the 10 top donors to the B.C. Liberal party in 2016, and so far in 2017, are involved in the province’s property development and construction industries… Liberal spokesman Emile Scheffel said supporters include… individuals and businesses…the Liberal government was investing in affordable rental housing, in addition to bringing in 15 per cent foreign owner tax. http://vancouversun.com/business/local-business/property-developers-topped-b-c-liberals-donor-list-in-the-past-year


 * Montreal Gazette: Housing starts in Vancouver fall to lowest level since 2011: CMHC http://www.montrealgazette.com/business/pace+housing+starts+slips+october+compared+with+september/12364844/story.html
 * Metronews: Housing starts in Vancouver fall to lowest level since 2011: CMHC http://www.metronews.ca/business/2016/11/08/pace-of-housing-starts-slips-in-october-compared-with-september-cmhc.html

Ottawahitech 20 October 2016 (UTC) - 20:30, 9 November 2016 (UTC) - 20:50, 18 January 2017 (UTC) please ping me

Foreign home buyers outside British columbia

 * Financial Post: Realtor says Vancouver foreign-buyer tax had ‘significant’ impact on luxury homes sales in Toronto http://business.financialpost.com/personal-finance/mortgages-real-estate/realtor-says-vancouver-foreign-buyer-tax-had-significant-impact-on-luxury-homes-sales-in-toronto

Foreign home buyers outside Canada
Ottawahitech (talk) 00:05, 1 October 2016  -  15:46, 1 October 2016 (UTC) - 20:31, 9 November 2016 (UTC) {{{small|please ping me}}
 * The Guardian: London mayor launches unprecedented inquiry into foreign property ownership "Chinese are the biggest buyers of new-build residential accommodation globally, with the Singaporeans second and the British fourth" https://www.theguardian.com/cities/2016/sep/29/london-mayor-sadiq-khan-inquiry-foreign-property-ownership
 * Canadian Broadcasting Corporation: Foreign home buyers: How other countries limit money from abroad http://www.cbc.ca/news/business/real-estate-housing-foreign-buyers-1.3479508

Real Estate Services Act connection

 * G&M: Unlicensed foreign agents leverage lax regulation to sell B.C. real estate http://www.theglobeandmail.com/news/world/unlicensed-foreign-agents-leverage-lax-regulation-to-sell-bc-real-estate/article32316302/

Ottawahitech (talk) 20:04, 11 October 2016 (UTC)please ping me