Chinese envoy challenges new Vancouver home tax as fallout spreads
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Vancouver
CHINA'S top envoy in British Columbia challenged the Canadian province's new 15 per cent tax on foreign homebuyers, questioning the justification behind the hastily imposed measure.
"Why a 15 per cent tax? Why now? Why this rate? What's the purpose? Will it work?" Liu Fei, China's consul- general in Vancouver, said in an interview last Thursday. "The issue is how to help young people afford housing," she added. "I'm not sure even a 50 per cent tax would solve the problem."
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