Taleeb Noormohamed first made headlines a number of weeks again when it was revealed that the Liberal Celebration candidate within the Vancouver Granville using has flipped greater than 20 properties since 2015.
Whereas flipping properties isn’t unlawful, the revelation raised eyebrows and drew criticism because of the contradictions of his actions and the Liberal Celebration’s marketing campaign promise to crack down on residence flipping. The Liberals mentioned they might impose a tax on anybody who sells a house inside 12 months of buying it. The promise is amongst many designed (a minimum of, in concept) to deal with housing affordability throughout the nation.
It seems, nevertheless, that Vancouver Granville voters didn’t care an excessive amount of about Noormohamed’s dramatic home-flipping previous. Or, a minimum of, they didn’t care sufficient to maintain him out of workplace. Final evening, it was introduced that he gained his using after one of many tightest races within the nation.
The race was too near name after a depend of the ballots on Monday evening.
Taleeb Noormohamed gained with 34% of the vote, whereas NDP Celebration candidate Anjali Appadurai garnered 33%.
Noormohamed’s wheeling and dealing of properties wasn’t modest by any means. In keeping with British Columbia’s evaluation data, since 2005, Noormohamed has bought 41 properties. Twenty-one of those properties had been bought after lower than a yr of possession.
Noormohamed made a cool $4.9 million within the course of.
In one of many largest misunderstandings of the the English-language Leaders’ Debate, Erin O’Toole steered that Liberal chief Justin Trudeau would tax the sale of main residences.
“Mr. Trudeau, Canadians are anxious you’re going to be taxing their main residence gross sales,” mentioned O’Toole final evening in the course of the phase of the controversy reserved for the subject of affordability. “Your advisers have mentioned it … it’s on web page 14 of its coverage e book.”
O’Toole’s declare was deceptive, as web page 14 of the Liberals’ coverage e book spoke of the prospect of implementing an ant-flipping tax that requires properties to be held for a minimum of a yr earlier than being bought. So, the one owners who must pay the tax are those that promote their properties inside 12 months of buying them… one thing Noormohamed clearly is aware of a factor or two about.
In an election that was so closely centered on each affordability and the housing disaster, many would possibly discover it stunning {that a} candidate with such a transparent historical past of abusing each can be elected.
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