Vancouver mayor urges premier to act on flipping

Property speculators are in the spotlight in Vancouver where the city’s mayor Gregor Robertson wants action to curb the practice of flipping.

He also wants a new provincial tax on luxury homes and powers to tackle the issue of unoccupied homes.

Referring to the city’s “worst ever housing crisis," Mayor Robertson wrote in a letter to B.C. premier Christy Clark that it is the province’s responsibility to curb property speculation from “the world’s wealthiest citizens."

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