Class-Action Lawsuit Challenges BC Transfer Tax on Foreign Buyers

In prior blog posts, we reported that the British Columbia government had imposed a 15% transfer tax on residential real estate purchases by foreign nationals in the Greater Vancouver Area, and that this tax had resulted in a notable decrease in purchases by foreign nationals after the imposition of the tax. The tax was imposed by the provincial government in an effort to curb escalating home prices and the tax revenue is intended to be used for affordable housing.      Read the article…………..

Related Articles

Fire crews kept busy with blaze at condo, strip mall

Calgary fire crews were kept busy with a southwest condominium fire early Friday and a vehicle fire in a southeast

Airbnb issue tough nut to crack for Victoria city council (BC)

Rental vacancy rates near zero, along with a mounting lobby from strata councils and the hospitality industry, is bringing increased

Tossed cigarettes result in 24 house fires so far this year (AB)

Two recent fires that caused major damage to residential buildings are among 24 fires this year sparked by improperly discarded