The Vancouver foreign homebuyer tax is one year old, The tax had “zero impact” on affordability! What Canada can learn from Vancouver?
It’s been a year since British Columbia’s 15 per cent surtax on foreign homebuyers in Metro Vancouver took effect. The measure came into effect on Aug. 2, 2016, as the government of then-Liberal Premier Christy Clark pledged to tackle the city’s affordability crisis ahead of the 2017 provincial election. Fast-forward ...Continue Reading