Home Canada Vancouver Liberal candidate flipped dozens of homes for profit, records show

Vancouver Liberal candidate flipped dozens of homes for profit, records show

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Vancouver Liberal candidate flipped dozens of homes for profit, records show

Vancouver Granville Liberal candidate Taleeb Noormohamed has sold and sold 21 properties after lower than a year of ownership, essentially essentially based on British Columbia evaluate records.

Early Newspaper
Taleeb Noormohamed considered in a file photograph on Aug. 13, 2018. (Nic Amaya/CBC News)

The Liberal candidate in the utilizing of Vancouver Granville has flipped extra than 20 properties after lower than a year of ownership since 2005, which has critics pointing to contradictions between his actions and the Liberal platform on housing.

Based fully on British Columbia’s evaluate records, Taleeb Noormohamed has sold 41 properties since 2005 — 21 of them after lower than a year of ownership — making $4.9 million in the plan.

The news used to be first reported by NEWS 1130 in Vancouver.

The Liberal Celebration platform on housing, which used to be released final week, proposes an “anti-flipping tax” on residential properties that would require that such properties be held for as a minimum a year. That implies 21 of the properties Noormohamed sold would non-public been subject to the proposed tax.

“This could maybe decrease speculative inquire in the marketplace and abet to chill crude designate state,” the platform reads.

Whereas Noormohamed’s exact property dealings are entirely factual, his previous actions seem like at odds with the Liberal platform on flipping.

Candidate says he’s ‘fully committed’ to housing affordability

A workers member from Noormohamed’s campaign acknowledged that Noormohamed is unavailable for an interview. In an announcement, Noormohamed confirmed that he had been serious about flipping, nonetheless he affirmed his commitment to the Liberal platform on housing affordability.

“I’m fully committed to increasing housing extra affordable all one of the best design thru Canada, and ethical right here at home in Vancouver Granville,” the statements reads. “Last week, Top Minister Trudeau announced potentially the most ambitious conception of any event to perform housing extra affordable – and I will work laborious to perform that conception a actuality.”

“Whereas I no doubt non-public had industry activities making improvements to homes, I no doubt non-public been constant in my toughen for measures to perform housing extra affordable, and ,as the MP for Vancouver Granville, this would maybe stay a precedence.”

Noormohamed is for the time being the CEO of jane.com, a internet retailer, essentially essentially based on the site. He has also worked as a authorities official, essentially essentially based on the bio on his campaign plan.

He ran in opposition to Jody Wilson-Raybould in 2019, after she obtained kicked out of the Liberal Celebration and ran as an self reliant. She received that election nonetheless is now no longer operating yet as soon as more.

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Vancouver Liberal candidate flipped dozens of homes for profit, records show