Thursday, August 11, 2016

Ike Awgu: Foreign Buyer Tax Will Make Government Rich, But Won't Fix Housing

The government of B.C.'s decision to impose a 15 per cent hike in Land Transfer Taxes for foreigners who buy real estate in metro Vancouver will do almost nothing to lower high housing prices. It will, however, generate even more money for a government that has already profited enormously from foreign nationals.

Read more: Vancouver Real Estate, Toronto Real Estate, Vancouver Housing, Toronto Housing Market, Canadian Housing Bubble, Blog, Blogs, Canada Business News



Original Article Seen: http://www.huffingtonpost.ca/ike-awgu/foreign-buyer-tax_b_11446110.html

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