Real Estate

Over 100% land value increase in under a year?

  • Last Updated:
  • Mar 30th, 2022 5:26 pm
[OP]
Newbie
May 23, 2017
24 posts
10 upvotes

Over 100% land value increase in under a year?

Anyone know what this guy did to increase the land value over 100% in under a year?

"Potrie pleaded guilty in November 2021 after an CRA investigation revealed RAP Designs Inc. bought 110.94 acres of vacant land in Carstairs in 2008 for $3,120,000....He then undertook a series of land transfers that he knew were taxable and eventually sold it later that year for $7,500,000. "

https://calgary.ctvnews.ca/calgar`y-man ... -1.5839814

https://globalnews.ca/news/8719499/calg ... 7-5m-sale/
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