UDI News Roundup

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 Mail – BC realtors voice unease over new foreign buyer tax
(Scott Cressey and Doug MacFarlane quoted)
–  The Province – Condo 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)
–   CBC – Developer says foreign buyers tax distracts from key housing issue: supply
(Jon Stovell and Bob Rennie quoted)
–   Business in Vancouver – Repercussions 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 Sun – Permit 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
– CKNW – Association for developers urges Vancouver to stop delays on plan
– CKNW – Vancouver City Councillors vote to approve Grandview-Woodland plan