Removing Rental Restrictions on Vancouver Condos HD

The NDP Government has painted themselves into a corner with their new BC speculation tax. Currently there are 1000’s of units that are not being occupied more than 6 months out of the year by the owner. However, because of rental restrictions by their strata they are not able to rent the unit out. For now they are exempt from the tax but that might be changing. Currently the NDP is looking into changing the strata property act and removing rental restrictions on all buildings in the lower mainland. I also discuss the City of Vancouver giving a small reduction in taxes to commercial property owners but passing that onto the residential owners. Finally I talk about our new Vancouver Real Estate Board president and her commentary on the current Vancouver market and the effect all the new taxes are having. Thanks to all the viewers and commenters on all my videos. As a busy Realtor I may not have the time to reply to all comments here. Some of your questions can be answered by going through my many videos posted here on my channel. But I will do my best to respond when I can. Appreciate everyone who is watching and commenting! Watch more in depth topics on real estate, investing and my book in these PLAYLISTS: - HOT & Helpful Topics on Real Estate: https://www.youtube.com/watch?v=yB15NWMG_Es&index=1&t=25s&list=PLfJDYyEjdB9DWpBcmOMd7gMi9s3zlzqAe - My Book "Along for the Ride" Videos: https://www.youtube.com/watch?v=411WvkJ6zE4&index=1&list=PLfJDYyEjdB9AH6amDEgcaHn8gDoEgw7en&t=25s - My Investment Strategies & Tips: https://www.youtube.com/watch?v=f7O3HAlEWUU&t=7s&list=PLfJDYyEjdB9DF_cOXQPru2uOMsJDXZrd-&index=1 - Real Estate 101 Series: https://www.youtube.com/watch?v=-Dc3ssi49Fw&t=16s&index=1&list=PLfJDYyEjdB9D3GC-sBh0QoC6v04RJr-ti If you want to get in touch with me, please email me at owen@owenbigland.com. Thanks for watching! Get a copy of my book "Along for the Ride" available at: Amazon.ca: http://bit.ly/Owen_Bigland Amazon.com: http://bit.ly/OwenBigland_us OWEN BIGLAND MACDONALD REALTY WESTMAR c: 604.889.1118 e: owen@owenbigland.com w: http://owenbigland.com 2018 Medallion Club Member. Top 10% of Greater Vancouver Realtors 2018 Macdonald Realty Westmar - Top Producer 2018 Macdonald Realty Westmar - Outstanding Performance & Achievement in Real Estate Sales 2017 Macdonald Realty Westmar - Outstanding Performance & Achievement in Real Estate Sales VANCOUVER BC HOMES & CONDOS GREATER VANCOUVER BC REAL ESTATE FOR SALE