Will new BC tax hurt home owners more than help?
Jack Mintz: How Vancouver’s housing tax on foreigners could cost homeowners and warp the labour market
Jack M. Mintz | August 2, 2016 5:41 PM ET
As of August 2nd, B.C.’s new 15 per cent transfer tax on residential property purchases takes effect for non-Canadians and non-residents buying houses in Metro Vancouver. By curtailing foreign demand, the government hopes to take the wind out of soaring housing prices.
