Archived BC bringing in 15% property transfer tax for foreign buyers (news1130.com)
submitted ago by DiamondMask
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Archived on: 2/12/2017 1:51:00 AM
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Archived BC bringing in 15% property transfer tax for foreign buyers (news1130.com)
submitted ago by DiamondMask
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[–] DinoRider ago
Yes. Yes they are.
The man who said that also says that a wisely worded vacancy tax will also help. I agree. They can still invest, but they'll also have to find a local property management firm deal with tenants to keep it occupied. That's more effort for them at the outset.
The question is how much will these foreign investors put up with before they make the effort to look into other locations?
Victoria B.C. will probably be next. Hopefully they'll learn from Vancouver and fix things faster.