As Vancouver’s housing market cools, commercial property sales soar | The Globe and Mail
Claire Wyrostok, owner of popular Vancouver vegetarian restaurant Black Lodge, wonders how long it will be until Vancouver’s hot real estate market pushes her out of business. In the four years that Ms. Wyrostok has been at her current location, on Kingsway just off...
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Macdonald Realty opens boutique offices in Sidney and Sechelt
Macdonald Realty has opened two new locations, the first in Sidney on Vancouver Island and the second in Sechelt on the Sunshine Coast. These boutique offices join the province-wide network of 20 offices operated by Macdonald Realty, a B.C. owned and operated...
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Tougher mortgage rules could dampen condo, townhome sales in Vancouver, Toronto | The Globe and Mail
Sales of condos and townhomes could soften in Canada’s two largest housing markets as first-time buyers face tougher lending rules that take effect on Monday. The mortgage changes will likely be felt especially hard in Greater Vancouver and the Greater Toronto Area,...
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BNN Interview about Ottawa’s New Housing Policies
The federal government announced new measures for housing market to slow the injection of foreign cash and to tighten eligibility rules on prospective borrowers. Jonathan Cooper, vice president of operations at Macdonald Real Estate Group, joins BNN with perspective...
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BNN interview about tax evasion in B.C. real estate market
B.C.'s finance minister, Mike de Jong, urges Canada Revenue Agency to "diligently" enforce the law following a report that speculators are flipping homes in B.C. without paying tax. Business News Network (BNN) invites Jonathan Cooper, Vice President of Operations at...
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Housing tax not as painful in Maple Ridge | Maple Ridge News
Slapping another 15-per-cent sales tax on homes to foreign buyers could cool the red-hot real estate market in higher priced areas of Richmond or Vancouver, but it might take longer to learn of any effect in Maple Ridge and Pitt Meadows. The announcement by the B.C....
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B.C. Real Estate In ‘Absolute Mayhem’ Amid Talk Of Sales Collapse|The Huffington Post Canada
Greater Vancouver’s real estate market is in the throes of chaos as buyers, sellers and industry insiders try to adapt to a new tax on foreign buyers that went into effect on Tuesday. Though a recent poll showed nine out of 10 British Columbians back a tax on foreign...
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‘Fundamental Issue in Vancouver Market Is Supply’ | Bloomberg TV Canada
Jonathan Cooper, Vice President, Operations at Macdonald Real Estate Group joins Bloomberg TV Canada’s Rudyard Griffiths to discuss the impact of the 15 percent property tax for non-Canadian citizens and non-permanent residents in Metro Vancouver. About Macdonald...
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Calls for investigation into new real estate tax | CTV
There are already signs the 15% property tax for non-Canadian citizens and non-permanent residents in Metro Vancouver is putting a chill on sales, and now there are calls to investigate how it was implemented.
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Thousands of Metro Vancouver real estate deals caught by tax deadline
'Last week was pretty hectic,' realtor said of rush to avoid new tax by midnight cutoff Thousands of home buyers and sellers in Metro Vancouver reacted with 'shock and disbelief,' madly rushing to beat the Aug. 2 deadline of the new 15 per cent foreign buyer real...
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