March 2018

Taxes to counter affordability crisis less than effective

Posted on Mar 30, 2018

In August 2016, the Government of BC implemented a Foreign-buyers Tax, a City of Vancouver Vacancy Tax, and changes to the Property Transfer Tax, in anticipation that reducing the pressure from foreign buyers on the lower mainland housing market would counter the affordability crisis.

The MLS®HPI (Home Price Index) measures the rate at which housin...

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