What's happening now is that apartment owners who want to expand by selling existing buildings and buying larger property have to pay the tax on the capital gain, and that is what is slowing the economy at the moment.
February 7th, 2008 / 11:35 a.m.
Chief Executive Officer, Canadian Real Estate Association
What's happening now is that apartment owners who want to expand by selling existing buildings and buying larger property have to pay the tax on the capital gain, and that is what is slowing the economy at the moment.
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