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BC May Need $1 Billion in Loan Guarantees for Cowichan Title Area, Expert Warns
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BC May Need $1 Billion in Loan Guarantees for Cowichan Title Area, Expert Warns
The province may need up to $1 billion in loan guarantees to backstop financing for properties affected by a landmark Aboriginal title ruling, far exceeding Premier David Eby’s $150 million pledge, a property tax expert warns. Paul Sullivan, principal at Ryan LLC, calculated the estimate based on standard banking practices. Banks typically lend 70 to […]
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