A Vancouver businesswoman who claimed to be too "cash poor" to pay off a roughly $3 million mortgage debt – despite having claimed a net worth in excess of $94 million as recently as 2018 – has been ordered to pay up.
A maximum 20-per-cent home-flipping tax is among new regulations taking effect in British Columbia as of Jan. 1, with a promised middle-income tax cut arriving in the coming months as well as a spring carbon tax increase.
Many Los Angeles tenants face significant rent increases this year, with rent-controlled properties capped at 4% and non-rent-controlled buildings up to 8.9%.