Vancouver Sun: Condo ‘presales’ could be left in chaos by new B.C. tax, industry warns

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July 26, 2016 | Susan Lazaruk

Quoted from the article:

If I’m an international investor looking to avoid that tax, added NDP MLA David Eby, “I’m going to buy a ‘presale’ condo, hold it until the building is near completion and then sell it just before completion and not have to pay the tax. The ultimate buyer is the one who registers at the land title office.”

Read the full article: http://vancouversun.com/business/real-estate/condo-presales-could-be-left-in-chaos-by-new-b-c-tax-industry-warns