VANCOUVER (NEWS 1130) — Liberal leader Justin Trudeau is refusing to provide a direct answer about his candidate in Vancouver Granville, even as his party promises to introduce a tax on those who sell homes within a year of buying them if his party stays in power.
This comes after a report from NEWS 1130 about Taleeb Noormohamed’s extensive history of rapid-fire real estate dealings over the last two decades.
The question a reporter asked Trudeau on the campaign trail was: “Why should people…take you seriously on housing affordability, if in, what is arguably the most overheated housing market in the world, you’re running a literal house flipper?”
Trudeau failed to mention Noormohamed in his answer, only going through his party’s election promises on housing.
“Canadians have seen over the past number of years how seriously we, as a government, have taken the housing crisis,” Trudeau said, criticizing the former Conservative government’s lack of action on housing when in power.
“But we know that there is much more to do. That’s why we’re moving forward with measures that will make it easier to save for a down payment and allow first time homebuyers to get into the market, particularly young families,” Trudeau said.
This week, NEWS 1130 broke the story that Noormohamed sold at least 42 homes since 2005, flipping half of those within a year of buying them.
During the time period NEWS 1130 looked at, the tech entrepreneur made $4.9 million in profit on those 42 property sales, before transaction costs are factored in.