Day: April 8, 2022
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At least 372 households evicted by flippers during pandemic
Our analysis of housing data shows that at least 372 households were evicted by flippers during the pandemic in Metro Vancouver. Read more. Data The dataset consists of all single detached properties, townhouses, and condos that were bought and relisted within 12 months in Metro Vancouver since March 15, 2020. Methodology We checked the occupancy […]
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Freeland’s flipping tax just rebrands an existing CRA rule
By Rohana Rezel Canada’s Finance Minister Chrystia Freeland announced a new “flipping tax” in the budget she unveiled earlier today. But a closer inspection of the budget shows us that the so-called flipping tax is merely a rebranding of an existing Canada Revenue Agency (CRA) rule. “To ensure profits from flipping properties are taxed fully […]
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