6072 replies to this topic

[Victoria Watcher]

$11,950,000

 

https://www.realtor....oak-bay-uplands

 

Edited by Victoria Watcher, 14 June 2024 - 04:45 AM.

[Victoria Watcher]

 

 

 

 

 

$11,399,000

 

https://www.realtor....-ten-mile-point

 

 

4040 White Rock St
Saanich, British Columbia V8N2K4

 

 

Edited by Victoria Watcher, 14 June 2024 - 04:50 AM.

[Victoria Watcher]

 

 

$7,000,000

 

https://www.realtor....ich-cadboro-bay

 

 

3905A Cadboro Bay Rd

 

 

 

 

 

 

^ that piece of property at 3911 is quite something.  61,300 sq. ft.

Edited by Victoria Watcher, 14 June 2024 - 04:58 AM.

[Victoria Watcher]

$3,499,000

 

 

https://www.realtor....ke-french-beach

 

 

2946 Fishboat Bay Rd
Sooke, British Columbia V9Z1G9

 

 

 

 

Edited by Victoria Watcher, 14 June 2024 - 05:11 AM.

[Mike K.]

It sounds like the Liberals may be moving towards a primary residence capital gains tax, ahead of the next election.

[Sparky]

^ That should finish them off.

[Victoria Watcher]

No kidding.

[Ismo07]

It sounds like the Liberals may be moving towards a primary residence capital gains tax, ahead of the next election.

 

Mortgages become a write off then?  Love to see how they would figure that out.  They couldn't make it retroactive I don't think.  Well I'm selling now.

[Nparker]

^ That should finish them off.

I should certainly hope so.

[E2V]

Might be popular with GenZ, Millennials and even some of GenX if combined with an element of tax deductibility for mortgages. I’m sure the Liberals have studied it’s
potential effect on voters. Everything they do is political. Perhaps they’ve decided that Boomers are becoming irrelevant.

[dasmo]

Time for pitch forks and torches? 

[lanforod]

Where is this info coming from, Mike? I did a pile of searching and came up with nothing. Sure hope its just a rumour.

[Ismo07]

Where is this info coming from, Mike? I did a pile of searching and came up with nothing. Sure hope its just a rumour.

 

It's been fear mongered I think...  But not seriously...  Not a lot I can find either.

 

Canada Will Not Apply Capital Gains Tax to Primary Residences in New Budget - RE/MAX Canada (remax.ca)

 

The good news for millions of Canadians is that principal residences would not be subjected to a capital gains tax. This had been a considerable fear among market observers heading into the official budget announcement. So, in other words, if the home was your primary residence for every year you owned it, you would not have to endure a capital gains tax.

[Mike K.]

Where is this info coming from, Mike? I did a pile of searching and came up with nothing. Sure hope it’s just a rumour.

Black Lock. About as good of a source as there is in this country if you want to follow politics intimately.

https://drive.google...tv22U4HTLr/view

[lanforod]

So you're basing that whole comment on 23 minutes of audio cut from some 'private town hall' (whatever that is, oxymoron...) and speculation of a far right technophobe reporter? 

 

Part of me hopes Trudeau does it just because it'd wipe out his party, but I don't think he's that stupid.

[Mike K.]

No, it’s a widely talked about peculiarity in political circles. Black Lock is always well ahead of the curve, so when they raise a red flag, people take note.

[Ismo07]

So you're basing that whole comment on 23 minutes of audio cut from some 'private town hall' (whatever that is, oxymoron...) and speculation of a far right technophobe reporter? 

 

Part of me hopes Trudeau does it just because it'd wipe out his party, but I don't think he's that stupid.

 

There is not an easy way to just do this.  Everything would have to be assessed and values grandfathered etc.  Then there would also likely have to be tax breaks moving forward. Or just a huge reduction in taxes I guess, or the % that is taxed is very low.  Lot's to consider but they have less than a year and a half to do it.

[Mike K.]

Why scrub their meetings with advocates of capital gains taxation on primary residences? If you having nothing to hide, that is.

[Ismo07]

Why scrub their meetings with advocates of capital gains taxation on primary residences? If you having nothing to hide, that is.

 

Not sure I haven't heard it...  Were they really scrubbed?  

[Mike K.]

Yes, over 20 minutes cut out from the recording, according to Blacklock.