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B.C.'s condo-flipping crackdown law targets tax evasion to keep down prices

by The Canadian Press
Condos and apartment buildings are seen in downtown Vancouver, B.C., on Thursday February 2, 2017.

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Saskatchewan introduces law to allow control of oil, gas exports Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. Apr-23-2018
MDA president says having parent firm in United States won't affect Canadian jobs MDA's new President Mike Greenley is seen in front of one of three RADARSAT Constellation Mission spacecrafts being built for the Canadian Space Agency at the company's facility in Sainte-Anne-de-Bellevue, Quebec on Tuesday January 30, 2018. Apr-23-2018
G7 ministers agree to call Russia out on 'malign' behaviour, Johnson says Public Safety Minister Ralph Goodale reaches across a table to shake hands with Kirstjen Nielsen, United States Secretary of Homeland Security during a G7 Foreign and Security Ministers meeting in Toronto on Monday, April 23, 2018. Apr-23-2018
Feds to post deficits $8B bigger than expected over next two years: PBO report Parliamentary Budget Officer Jean-Denis Frechette appears at Commons finance committee on Parliament Hill in Ottawa on May 26, 2015. Apr-23-2018
Greece beats budget target as it looks to post-bailout era An elderly man passes by homeless men in Athens, Monday, April 23, 2018. Apr-23-2018
In Denver, trying to put a price on the value of a newspaper FILE - This April 20, 2016, file photo shows copies of The Salt Lake Tribune newspaper in Salt Lake City. Apr-23-2018
Recent retail sales far weaker than initial estimates, revisions suggest A man carries shopping bags of Boxing Day sale purchases at the McArthur Glen Designer Outlet mall, in Richmond, B.C., on Tuesday December 26, 2017. Apr-20-2018
Pump prices, airline tickets help propel Canada's annual inflation rate to 2.3 per cent A vehicle is gassed up at a station in North Vancouver, B.C., Wednesday, Jan. 20, 2016. Canada's annual inflation rate continued creeping higher last month to hit 2.3 per cent. Apr-20-2018
Dan Healing, The Canadian Press A Canadian Pacific Railway employee walks along the side of a locomotive in a marshalling yard in Calgary, Wednesday, May 16, 2012. Apr-20-2018
New auto rules will be the 'core' of future NAFTA deal, Freeland predicts Minister of Foreign Affairs, Chrystia Freeland, speaks with media in Washington, D.C. on Thursday, April 19, 2018. Apr-19-2018
Sohi defends Liberal infrastructure plan, says 20,000 projects underway Infrastructure Minister Amarjeet Sohi arrives at a press conference to give an update on the implementation of the "Investing in Canada" plan in Ottawa on Thursday, April 19, 2018. Apr-19-2018
NAFTA decision time: Freeland to US as countries face big choice on form of deal Chrystia Freeland, Minister of Foreign Affairs, participates in a question and answer session with Sean Finn, CN Executive Vice-President, Corporate Services and Chief Legal Officer, at a Winnipeg Chamber of Commerce luncheon in Winnipeg, Wednesday, April 4, 2018. Apr-18-2018
CP Rail reports lower profits as Teamsters, IBEW serve 72-hour strike notice A Canadian Pacific Railway employee walks along the side of a locomotive in a marshalling yard in Calgary, Wednesday, May 16, 2012. Apr-18-2018
Bank of Canada holds benchmark interest rate as economic growth moderates The Bank of Canada will decide today whether to continue raising interest rates, and will issue its latest predictions for the Canadian economy. Canadian bank notes are seen, in Ottawa on Wednesday, September 6, 2017. Apr-18-2018
Alberta move to cut energy shipments expected to hit more than B.C. fuel prices Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. Apr-18-2018
Facebook adds privacy settings to comply with European rules FILE - In this May 16, 2012, file photo, the Facebook logo is displayed on an iPad in Philadelphia. Apr-18-2018
Lululemon names new chief financial officer as search continues for new CEO Lululemon Athletica's logo is seen on the outside of their new flagship store on Robson Street during it's grand opening in downtown Vancouver, B.C., on Thursday August 21, 2014. Apr-17-2018
British Columbia's attorney general says Alberta's proposed fuel restriction law is a politically motivated "bluff" that will result in an immediate lawsuit from his province and likely lawsuits from oil companies. Cedar George-Parker addresses the crowd as protesters opposed to the Kinder Morgan Trans Mountain pipeline extension defy a court order and block an entrance to the company's property, in Burnaby, B.C., on April 7, 2018. Apr-17-2018
Political parties police themselves on using voters' personal data: watchdog Privacy commissioner Daniel Therrien appears before a Commons privacy and ethics committee on the breach of personal information involving Cambridge Analytica and Facebook, in Ottawa on Tuesday, April 17, 2018. Apr-17-2018
IMF: A major trade rift could imperil solid global economy FILE- In this April 12, 2018, file photo, a container ship is unloaded at the Port of Oakland in Oakland, Calif. Apr-17-2018
Tories say pipeline impasse warrants House dropping everything to debate it Speaker of the House Geoff Regan rises in the House of Commons in Ottawa, Wednesday, March 22, 2017. Apr-16-2018
Sunday summit: Trudeau pledges money, new law to make Trans Mountain happen Prime Minister Justin Trudeau, B.C. Premier John Horgan, left, and Alberta Premier Rachel Notley, sit in Trudeau's office on Parliament Hill for a meeting on the deadlock over Kinder Morgan's Trans Mountain pipeline expansion, in Ottawa on Sunday, April 15, 2018. Apr-16-2018
Canada increases oil exports, finding buyers in the U.S. despite shale oil boom An upgrader at Suncor's oil sands base plant in Fort McMurray Alta, on Monday June 13, 2017. Apr-13-2018
Ottawa probing Tim Hortons franchisee claims RBI failing to honour commitments A Tim Hortons coffee shop in downtown Toronto, on Wednesday, June 29, 2016. Apr-13-2018
March home sales volume plunges 22.7 per cent, national average price down 10.4 per cent: CREA A for sale sign is shown in by new homes in Beckwith, Ont., just outside Ottawa, on Wednesday, Jan. 11, 2018. Apr-13-2018
Trudeau meeting Sunday with B.C., Alberta premiers over Trans Mountain impasse A sign warning of an underground petroleum pipeline is seen on a fence at Kinder Morgan's facility where work is being conducted in preparation for the expansion of the Trans Mountain Pipeline, in Burnaby, B.C., on Monday April 9, 2018. Apr-12-2018
U.S. waters down another key NAFTA demand: reduces autos ask by 10 per cent Ford Edges sit on a production line at the Ford Assembly Plant in Oakville, Ont., on Thursday, February 26, 2015. Apr-12-2018
Second Cup sets its sight on converting some coffee shops into pot dispensaries A customer carries her coffee as she leave a Second Cup coffee retailer in Toronto on Monday Dec. 5, 2016. Second Cup looking to convert some of its coffee shops into recreational cannabis dispensaries and lounges. Apr-12-2018
Nearly half of existing mortgages face renewal in 2018: CIBC report Aerial views of housing in Calgary on June, 22, 2013. A new CIBC report says that 47 per cent of all existing mortgages in Canada must be refinanced this year, substantially more than in prior years. Apr-11-2018
Liberals look to open doors in China to Canadian music, film, books, video games Minister of Canadian Heritage Melanie Joly rises in the House of Commons in Ottawa on Tuesday, October 24, 2017. Apr-11-2018
If B.C. doesn't back down, Canada should cut their funds, says Kenney Prime Minister Justin Trudeau speaks to media in Victoria on Thursday, April 5, 2018. Apr-10-2018
Rio Tinto closely watching industry impact of U.S. sanctions on Russian rival Rio Tinto Alcan CEO Alf Barrios speaks to the Montreal Board of Trade, Wednesday, February 18, 2015 in Montreal. Apr-10-2018
China's president offers US possible trade concessions People spend their time outside an American apparel store at a shopping mall in Beijing, Tuesday, April 10, 2018 Apr-10-2018
Motivating the masses Soccer coach Martin Bittengl says eight and 13 are the golden ages of sport for youth. May-25-2017
Adventure park Apex in fun Part owner Luke Shaheen showing off the high performance trampoline zone. May-03-2017

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