Do you think the government will actually put all $30m into affordable housing as promised? More than 5,000 properties out of 8,500 deemed “vacant” by city staff received exemptions.

Vancouver’s tax on empty homes will bring in $30-million of revenue in its first year, but that will come from only a tiny proportion of homeowners. More than 5,000 properties out of 8,500 deemed vacant by city staff received exemptions under rules of the new tax...

The New Foreign Buyer and Property Transfer Taxes

The 2018 BC Budget was just announced introducing new taxes for real estate. They are: Foreign Buyer Tax – Effective Feb. 21, 2018, the foreign buyer tax will increase to 20 per cent (from 15 per cent) and will be extended to the Fraser Valley, Capital, Nanaimo,...