City’s biggest build exempt from foreign-buyer tax

By Frank O’Brien, Peter Mitham, Hayley Woodin/Business in Vancouver
6,000-unit Squamish Nation project not subject to B.C. rent controls, city regulations

A December 10 vote among 827 members of the Squamish Nation has put in motion the largest residential development in Vancouver, which is expected to include the tallest towers in the city. Being built on First Nations reserve land, the 6,000-unit project is exempt from provincial rent controls, the foreign-buyer tax and the so-called speculation tax that governs all other homeowners in Metro Vancouver, a B.C. Ministry of Finance spokesman confirmed.…

Source:: City’s biggest build exempt from foreign-buyer tax

• Whistler News

December 16, 2019

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