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updated Wed. March 28, 2018

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The MLAs also invited a representative of the development industry--members of which have spoken out loudly in opposition to the speculation tax--and the leader of their own party, who was not about to let an opportunity to verbally bash a political opponent slip by. No one who supports the tax ...
Napoli star Jorginho has admitted he is an admirer of the Premier League amid speculation that both Manchester United and Liverpool are battling for his signature. The 26-year-old has made 153 appearances for Napoli since joining the club back in 2014 and an impressive 2017/18 campaign has ...

Carole James said Tuesday that while preparing tweaks to her government's new speculation tax this week, she did seriously consider a capital gains tax to penalize those who flip investment properties and further drive up B.C.'s real estate prices. But she said it would not have driven the owners ...
The communities of Kelowna and West Kelowna had hoped to be exempt from the speculation tax, but despite changes announced Monday by the NDP, the tax will still apply to both. "I think the changes could have gone a little bit further," Kelowna Mayor Colin Basran said. "The changes are a good ...
Just a day after bowing to pressure and tweaking its proposed real estate speculation tax, the British Columbia government is facing more pushback from those who worry about the controversial levy's effects on tourism and new development. Kelowna Mayor Colin Basran said Tuesday he's still ...
Hours later, there was still zero indication that the speculation was anything beyond just that, but the market reaction was real: Shares in the faltering industrial powerhouse soared as much as 6.4 percent, the biggest one-day advance since October 2015. The stock closed up 4.27 percent, at $13.44.

On Tuesday, everyone owning a vacation home in the Gulf Islands were told that they wouldn't be paying the government's new speculation tax. So were people with secondary homes in Parksville, Qualicum Beach, and about a dozen other jurisdictions. And every B.C. resident still subject to the new ...
Emre Can hit out at speculation surrounding his future after being forced to return to Liverpool from international duty with a back injury. The German ace sat out Friday's draw with Spain and was sent back to Melwood by his country as 'ongoing back problems' left him 'without a chance of playing against ...
Unusually heavy security at a Beijing guesthouse where prominent North Koreans have stayed in the past and media reports of a special train arriving have raised speculation that Kim Jong Un is making his first trip to China as the North's leader. A sign in the center reads: "Traffic control." (AP Photo/Mark ...
Municipal councils across B.C. are pressing the provincial government to scrap its proposed speculation tax on second homes over fears the levy will harm their economies. The Regional District of Nanaimo was among the first to raise the alarm when its board of directors unanimously agreed March 13 to ...
Having read much of the back and forth from both sides on this tax, and giving consideration to the macro consequences of its potential, I felt compelled to share my views on your proposed “speculation” tax with the government prior to finalization of details and/or implementation of the tax. I worked across ...
Rick Scott is teasing a "big announcement" on April 9, fueling long-running speculation that he will launch a Senate bid to challenge incumbent ... Further fueling the speculation: Scott's chief of staff, Jackie Schutz Zeckman, announced her resignation on Monday, potentially positioning her for a role on a ...
B.C.'s speculation tax on vacant homes is being restricted to urban areas, with vacation homes in rural areas exempted, Finance Minister Carole James said Monday. The Gulf Islands, the Juan de Fuca region in Premier John Horgan's constituency, Parksville and Qualicum Beach are being exempted, ...
Since being announced in the 2018 BC Budget, the mayors of Kelowna and West Kelowna have been vocal critics of the speculation tax, saying it poses more harm than good. While Minster of Finance Carole James says she has heard the city's concerns, neither municipality will be exempt from the ...
VICTORIA — After weeks of uncertainty, confusion and complaints, Finance Minister Carole James finally backed down Monday on the most contentious aspects of the NDP government's half-baked tax on real estate speculation. First and foremost, the New Democrats no longer intend to treat most British ...
The arrival of a special train in Beijing and unusually heavy security at a guesthouse where prominent North Koreans have stayed in the past have raised speculation that Kim Jong Un is making his first visit to China as the North's leader. Kim has summits planned with South Korean President Moon Jae-in ...

VICTORIA -- British Columbia is trying to more directly target urban areas with changes it announced Monday to a proposed tax on property speculation after some municipalities demanded exemptions and the Opposition accused the New Democrats of grabbing family assets. Finance Minister Carole ...
During my keynote address at the Investment U Conference at the Four Seasons in Las Vegas last week, I spoke on this year's theme of “Mastering the Art of Intelligent Speculation.” (What better place to hold the conference than Las Vegas, the world capital of unintelligent speculation?) I told attendees that ...
The theme of the 20th Annual Investment U Conference in Las Vegas last week was “How to Master the Art of Intelligent Speculation.” As I promised Tuesday, here's the rest of my take on the subject of “investing” versus “speculation.” ...
KUALA LUMPUR: The Prime Minister's Office (PMO) has dismissed as speculation news reports that Prime Minister Datuk Seri Najib Razak will ... to clarify that today's (yesterday) news report on the prime minister's announcement of the GE14 candidates on April 2 is mere speculation by the media,” the ...
But it's natural to speculate he wants to hit the market and cash in on a major deal, especially because it could be his last chance to do so. Where things get interesting, though, is with the Lakers and how much they accomplish this offseason. If they can't lure any big names to town, Thomas might not see the financial deal ...
As such, we view Bitcoin and all cryptocurrencies as a speculative bet carrying significant risk. Generally, you still have to exchange your Bitcoin for dollars to realize any gain you've made. While you can find merchants willing to accept Bitcoin, prices are often translated into dollars in order to complete a ...
A top policymaker at the Bank of England has added to speculation of an interest rate hike in May in a speech on Friday. Gertjan Vlieghe, widely regarded as a dovish member of the central bank's rate setting committee, told an audience of businesses in Birmingham that he believed a tighter labour market ...
Bryant Stooks and his family have been coming to B.C. for nearly a quarter century. The residents of the Scottsdale, Ariz., area have spent dozens of summers on southern Vancouver Island and planned to enjoy dozens more – until they heard about the B.C. NDP government's new speculation tax.
The B.C. speculation tax is more like an empty homes tax similar to the one introduced by the City of Vancouver last year. Such a tax is important because real estate has become a means for wealthy households — domestic and foreign — to park and grow their capital. Doing this while leaving a property ...
Speculation has swirled that Trump's lawyers might seek an injunction to prevent its broadcast, but CBS announced Wednesday that it would air the "60 Minutes" interview with Daniels on Sunday. The adult-film star, whose real name is Stephanie Clifford, agreed to go forward with the interview despite an ...
KUALA LUMPUR: The Prime Minister's Office (PMO) has dismissed as speculation news reports that Prime Minister Datuk Seri Najib Razak will announce Barisan Nasional's 14th General Election (GE14) candidates on April 2. PMO issued the statement yesterday in response to an article by NSTP, which ...
Edwards has been linked to every silly season rumor imaginable, from the speculated return of Dodge to the recently shuttered second Furniture Row Racing car. And through it all, Edwards has dismissed each rumor every time he pops out of his self-imposed recess. One rumor claims that Edwards ...
The theme of the 20th Annual Investment U Conference in Las Vegas last week was “How to Master the Art of Intelligent Speculation.” As I promised Tuesday, here's the rest of my take on the subject of “investing” versus “speculation.” ...
2018 Men's NCAA Championships: Day 2 Relay Speculation. 2018 Men's NCAA Championships: Day 2 Relay Speculation. Cal could swap Justin Lynch to fly on the 400 medley relay, throwing in Ryan Hoffer or Michael Jensen as they seek to run down Indiana for the NCAA title. Current photo via Tim ...
Bryant Stooks and his family have been coming to B.C. for nearly a quarter century. The residents of the Scottsdale, Ariz., area have spent dozens of summers on southern Vancouver Island and planned to enjoy dozens more – until they heard about the B.C. NDP government's new speculation tax.
Then there's Jacques Audiard's The Sisters Brothers. The English-language western from the Cannes laureate that stars Jake Gyllenhaal and Joaquin Phoenix could wait for fall, we gather. And, a widely speculated title from another Cannes veteran, Paolo Sorrentino's Silvio Berlusconi movie, Loro, may not ...
The annual 2 per cent speculation tax was announced in February's B.C. Budget and currently applies to not-permanently-occupied second or vacation homes in Metro Vancouver, the Fraser Valley, the Nanaimo and Capital Districts (including the Gulf Islands) and Kelowna and West Kelowna.
Kelowna city council has voted to draft a letter to the provincial government saying it doesn't want the speculation tax to apply within its borders. On Monday afternoon, councillors directed city staff to craft the wording of a letter it hopes makes a difference on the provincial level. “Our first step right now is to ...
The B.C. government's new real estate taxes will have a big impact on Kelowna and any funds raised should stay in the city. That's the crux of a report presented to Kelowna city council Monday, in the wake of the provincial government's new taxes aimed at stabilizing the housing market and creating more ...
WATCH: One Vancouver Island city is making a case for getting rid of B.C.'s new speculation tax. The provincial government introduced the tax as a way of dealing with the housing affordability crisis. In Parksville, the fear is the tax is already having a negative impact on development and may hurt tourism.
The ad included a photo of the realtor along with the following text and his phone number: “Sell now and avoid the new B.C. 'Speculation Tax' Get top dollar for your Home or Investment property.” Bahrey, a realtor since 1983, said he was basing his expected response on the number of online comments to ...
As some of B.C.'s larger cities grapple with the possibility of the speculation tax recently announced in the 2018 budget, small communities in the Interior say they are feeling the effects as well. "The speculator tax has definitely caused some confusion and fear among people," said Gerry Taft, the mayor of ...
The Regional District of Nanaimo wants the province to scrap the speculation tax. The tax was announced in the 2018 budget and will ding homeowners in larger metropolitan areas of B.C. for any residential property that isn't their principal residence and is not rented out. Regional district chair Bill Veenhof ...
STOCKHOLM (AP) — North Korea's foreign minister met briefly with Sweden's prime minister Friday during a surprise trip to Stockholm that has fueled speculation about a possible meeting between President Donald Trump and North Korean leader Kim Jong Un. Trump has agreed to meet Kim by May.
The dominant discourse in Canada right now holds a pejorative view of speculation in property markets. Foreign and local investors are dubbed as speculators and are held partially or wholly responsible for the worsening of affordability, especially in and around Vancouver and Toronto. Even the ...
West Kelowna city council says the province's new speculation tax will hurt all its residents, not just those who the tax is aimed at—out-of-province owners of homes in the city. That's because West Kelowna officials believe development will be reduced as the market for homes drops and, as a result, ...
The board of the Regional District of Nanaimo is raising concerns about the fairness and effectiveness of the speculation tax included in the provincial government's 2018 budget. At the March 13th RDN Committee of the Whole meeting, the RDN Board of Directors unanimously agreed to object to the ...
VICTORIA — Communities across British Columbia are speaking out against the province's proposed speculation tax on real estate, saying the levy could damage their economies. The Regional District of Nanaimo joined West Kelowna on Wednesday in asking the NDP government to rethink the tax, ...
Fed Chairman Jerome Powell has stressed he will take a gradual approach similar to his predecessor Janet Yellen. Probabilities of U.S. central bank interest-rate moves tracked by the Atlanta Fed regional bank suggest investors see an 11% chance of a 50-basis point rise at next week's rate-policy meeting ...
Now British Columbia plans to add to the collateral housing damage with its new “speculation tax”, announced in the recent provincial budget. As of 2019, the new tax will amount to a two-per-cent property tax on secondary homes. The aim is to tax speculation and also homes that might sit empty for part of ...
“Carole James was very clear on budget day that we were going to aggressively tackle speculation in our real estate market,” said B.C. Premier John Horgan. He said his government is following on their promise to attack escalating housing costs. “Carole James said not yesterday, not last week. but on ...
Councillors in West Kelowna. B.C., are irate about the speculation tax announced by the B.C. government in the 2018 budget and demand that the Okanagan city be exempt. West Kelowna Mayor Doug Findlater says homeowners and developers are so concerned about the tax, they are sending letters to ...
As for the so-called Speculation Tax, like Vancouver's so-called Empty Home Tax, it would not only impact foreign owners of empty homes, but many B.C. residents owning a second home or cottage. This prompted my follow-up column in which I opined this was really a Robin Hood-styled budget, designed ...


 

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