Latest Videos
The information you requested is not available at this time, please check back again soon.
Uniti Group Inc. is in advanced talks to reunite with telecommunications provider Windstream in a merger that could be valued at up to $15 billion, including debt, according to people familiar with the matter. Uniti rose as much as 13%.
Figure Technology Solutions Inc. tapped Michael Tannenbaum as its new chief executive officer, ahead of the financial-services firm’s potential initial public offering.
Sales of new homes in the US bounced back broadly in March as an abundance of inventory helped drive prices lower.
Australian Retirement Trust has become the country’s latest pension fund to open a London office, as the fast-growing retirement sector hunts for deals beyond its backyard.
Hong Kong developer Lai Sun Development Co. is considering options for a planned office tower in the City of London, including a potential sale of a stake in the project.
Sep 14, 2016
The Canadian Press
Vancouver is proposing to tax homeowners by as much as two per cent of assessed value for units that they declare as vacant.
Mayor Gregor Robertson announced new details of the tax ahead of its introduction to city council next week, with the aim to have it in place in 2017.
He says the most conservative estimate of what the tax could generate is $2 million, which will primarily go towards cost recovery to administer the tax.
The purpose of the tax is to encourage owners to rent out their empty homes in an effort to improve Vancouver's vacancy rate, which has hovered near zero for years.
In July, the British Columbia government gave the city the authority to create the tax, which is separate from the province's 15-per-cent tax on foreign purchases of Metro Vancouver real estate.
A study commissioned by the city earlier this year found that as many as 10,800 homes were sitting empty in Vancouver, most of them condominiums.
Related
