Quote:
Originally Posted by GenWhy?
Which I think still isn't an issue, according to the Province or City:
"Staff recommended that new developments be exempt from the tax until they are sold to buyers so that developers aren't forced to pay additional fees if the housing market is slower than anticipated when their projects are available to the public.
Staff noted it was the same rule the province had for its own vacant homes tax, and Mayor Ken Sim framed it as making it easier for Vancouver to meet its supply goals by doing more to support development. "
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And the market dictates that if you can't move a product, you cut the price. Why do you hate capitalism?
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