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COVID, and the city of Victoria, as a tourist city, have so many investment owner properties. How far will property values fall when the Liberals ( Trudeau ) introduce their own Capital Gains tax measure to pay for the COVID debts????????
Rumors have the tax at 50% if you own under a year and the tax would have a decending scale the longer you have owned. This will make things more affordable!!!!
Governments have demonstrated their willingness to try anything to ease the post-1945 housing crunch. (Anything except making it quicker, cheaper, and easier to build housing, that is.)
COVID, and the city of Victoria, as a tourist city, have so many investment owner properties. How far will property values fall when the Liberals ( Trudeau ) introduce their own Capital Gains tax measure to pay for the COVID debts????????
Rumors have the tax at 50% if you own under a year and the tax would have a decending scale the longer you have owned. This will make things more affordable!!!!
That's more than thread drift. Why don't you simply post in the COVID 19 thread?

Ten on the 10th 1 Year Anniversary: Real-estate development Q&A with Mike Miller of Abstract Developments
Developer Mike Miller chats about real-estate development in the Capital City.

Construction of Rockland's Bellewood Park condominium and townhome project gets underway
50% sold-out, Abstract Development's 83-home project along upper Fort Street will include a new pocket park and trail connection to the Art Gallery of Greater Victoria.

Victoria approves Bellewood Park condo dev on Rockland's Truth Centre site
The 77-unit development will situate one, two and three-bedroom condominium suites and a row of townhomes along the 1200-block of Fort Street.

Community feedback helps refine 94-unit upper Fort Street residential project
Resident input has helped shape a re-envisioned development proposal for upper Fort Street's Victoria Truth Centre lands.

Condos, townhomes planned for Victoria Truth Centre property on upper Fort Street
81 condos and ten townhomes are envisioned for a 1.8-acre property in Victoria's Rockland neighbourhood.