Moving Toward Housing Affordability?
Following more than a year of intense public discussions about housing affordability, senior governments have made significant policy shifts in recent weeks. And more is expected in November when, after months of consultations all across the country, the federal government is expected to announce its National Housing Strategy. For now, here's an overview of BCREA's responses to actions taken to date
BC Foreign Buyers' Tax (FBT)
On August 2, the BC Government implemented a 15 per cent Property Transfer Tax (PTT) on foreign buyers and corporations buying homes in the Greater Vancouver Regional District. The tax was imposed after only a few weeks of collecting buyers' residency data, and applied