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.

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