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UDI News Roundup

July 29, 2016

Below is a roundup of this week’s news regarding the new additional 15% Property Transfer Tax for foreign buyers.

BC Government News Release

UDI Letter to Premier Clark

UDI in the News:

Property Transfer Tax:
Roundhouse Radio – Anne McMullin interview with Kirk LaPointe
–  CBC Radio – Anne McMullin interview with Rick Cluff (starts 1:40)
–  CKNW – Urban Development Institute wants 15% foreign buyers tax grandfathered in
–  Globe and MailBC realtors voice unease over new foreign buyer tax
(Scott Cressey and Doug MacFarlane quoted)
–  The ProvinceCondo presales could be left in chaos by new BC tax, industry warns
(Neil Chrystal quoted)
–   Vancouver Sun – BC Premier rules out changes or presale exemptions to foreign buyer tax 
(Anne McMullin and Hanni Lammam quoted)
–   CBCDeveloper says foreign buyers tax distracts from key housing issue: supply
(Jon Stovell and Bob Rennie quoted)
–   Business in VancouverRepercussions from BCs new 15% real estate tax feared
(Anne McMullin quoted)
–  CBC Radio – Bob Rennie Early Eiditon interview (starts 1:20)

Municipal Red Tape:
–  Vancouver SunPermit Red Tape holding up 69,500 housing units
–  CBC – City of Vancouver grapples with development permit overload

Grandview-Woodland Municipal Plan
UDI Letter to Vancouver Mayor and Council
CKNWAssociation for developers urges Vancouver to stop delays on plan
CKNW – Vancouver City Councillors vote to approve Grandview-Woodland plan

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