Tag Archives: bc budget
BC exempts vacation homes from speculation tax
By Drew Penner The bureaucrats have done their tinkering and the new-and-improved levy on people taking advantage of hot West Coast real estate has been unfurled. BC Finance Minister Carole James said despite revising speculation tax rules to exclude a
Realtors question legality of new taxes as foreign buyers exit cooling Vancouver housing market giving locals hope
By Drew Penner Within real estate circles, the effect of new taxes aimed at foreign buyers cashing in on Vancouver’s superheated housing market has been palpable. Shawn Anderson, a realtor with Engel & Völkers Vancouver, says the change has been
Asking home prices fall by double digits in Metro Vancouver as BC budget begins to bite
By ThinkPol Staff Asking prices for homes in Metro Vancouver are falling ‒ in one case by as much as 73% ‒ suggesting that budget measures announced by the NDP government to promote affordable housing by tackling rampant crime, corruption
“Go after the money launderers, illegal real estate flippers, scammers, tax evaders” ‒ British Columbians respond to budget consultation
By ThinkPol Staff British Columbians want the government to go after money launderers, tax evaders, speculators and other fraudsters operating in the province’s real estate market, public responses to the governing NDP’s 2018 budget consultation show. Premier John Horgan’s government