Finance committee  It would be one year.

Finance committee  It would be for an investment in any non-residential property, so you could even change classes.

Finance committee  In direct answer to your question, yes, it will be accessed a second time to defray the costs of moving to get a new job and the increased cost of housing. In terms of it being fully paid back, I'm not sure how to answer that.

Finance committee  The appreciation of the price, being the capital gains end of things, and the depreciation of the building, recognizing that there's a certain amount of upkeep that is required in order for it—

Finance committee  Exactly. Those are two solitudes. Certainly the original proposal that the association had was for the deferral of both capital gains and depreciation, but it has since been modified because we were advised that that's a special carve-out for real estate that is never going to ha

Finance committee  Perhaps I can comment first and address what you've claimed is the housing market bubble in Vancouver. I think it's important to recognize that the prudent measures put in place by the government in terms of mortgage regulation reform have cooled the Vancouver market. I agree w

Finance committee  The homebuyers' plan has been a huge success in enabling people to buy a home. Originally when the plan was implemented in 1992, it was open to all homebuyers, and then later it was limited to first-time homebuyers. The great thing, of course, is that every home sale involves sp

Industry committee  In terms of the cooling off of the Canadian real estate market, we do see sales retreating from the breakneck pace that we saw in 2007. That having been said, we're forecasting that they're going to have their second-best year on record, second only to last year's, so it will be