Funding from the provincial and federal governments will be sought for the renewal of the complex.
One real-estate agent, however, thinks the new levy will boomerang on the city and the middle-class folks it's supposed to help.
The plan, which includes a 12-storey building, involves four properties.
The NDP's housing critic has suggested the B.C. Liberals are putting politics and policy ahead of information.
The province's highest court has ruled that councils can impose a waiting list if units are allocated on a first-come, first-serve basis.
Eliminating this source of wealthy immigrants might not have as sizable an effect on Vancouver real estate as some have suggested.
Eby says Finance Minister Mike de Jong must resign if it’s proven that “insider information” was shared before the official tax announcement.
Now that people are raising constitutional issues and international trade deals, has the time come to broaden the discussion?
Earlier this year, Premier Christy Clark also heard trade concerns expressed by foreign governments over a new B.C. liquor policy.
The Angus Reid Institute also found that 71 percent thought buyers would find loopholes to avoid paying the levy.