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National

Vancouver explores exempting balcony enclosures from FSR

Steve McLean Residential Market Trends National Sep. 24 2020

A recent initiative by Vancouver council to exempt retractable glass balcony enclosures from floor space ratio (FSR) calculation would be a benefit both to developers and manufacturers, says the CEO of Lumon Canada Inc. Builders could include the enclosures in

The feds may move to hike capital gains tax: a bad idea

Mark Goodman and Cynthia Jagger Residential Government National Sep. 23 2020

OPINION: Concerns are mounting that the delayed 2020 federal budget will include an increase in the capital gains tax on income-producing real estate. We contend that lowering the tax should be considered for owners of multifamily housing. Originally scheduled to

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