A company I hadn’t heard of previously, Resonance Consultancy, produced an interesting report with loads of data on B.C.’ers plans for moving in the next five years.
It was rich with data, collected from interview with 1,700 people by Insights West, which meant that there were a dozen stories in it or more. (As a result, different reporters writing about the same study came up with quite different stories — something that was a tad confusing for some readers.)
I focused on the big trends: millennials love the Lower Mainland and want to stay here; Gen Xers seem to be the unhappiest demographic and most ready to move; and a third of boomers are looking to cash out, possibly moving to a small town or the countryside.
One of the things none of us highlighted was the status quo: the majority of people in B.C. want to stay, if not in exactly the same house, at least in the same area where they are now. Breaking news, everyone.
To read it for yourself and find out who wants to move, who doesn’t, what they’re looking for in the ideal house, and more, the study is here. (It also includes interviews with former city planner Larry Beasley, SFU’s City program director Andy Yan, and more.)
2 responses so far ↓
1 peakie // Jan 14, 2017 at 11:56 am
But as CRA goes after AirBnb and the 17 other such things working in Vancouver and area, do householders, and houseowners know about the tax implications?
“People don’t realise that as soon as you start earning income on a
property, the capital gains tax exemption that normally applies to your
home gets affected.” This could create a CGT bill when the house is
later sold.
2 peakie // Jan 14, 2017 at 5:13 pm
I see that the Australian Taxation Office (ATO) = CRA can search the “cloud”
…Unlike the black economy where cash transactions have been hidden
from the Australian Taxation Office for decades, online payments leave a
digital signature that is easily traced by the ATO’s data matching
technology.
“The sharing economy and online selling have changed
the way we do a lot of things, but it hasn’t changed your tax
obligations,” ATO Assistant Commissioner Matthew Bambrick said.