Vancouver's foreign buyer tax will be raised to 20% from 15%, and expanded to include numerous other cities; speculation tax will target investors who park money in housing
Thu, Feb 22, 2018 - 5:50 AM
Houses in the Kitsilano neighbourhood in Vancouver, British Columbia. Foreign buyers, mainly from China, have been blamed for Vancouver's red-hot property market.
Victoria, British Columbia
BRITISH Columbia moved on Tuesday to crack down on real estate speculators, expanding its foreign buyer tax and introducing a new speculation tax, as part of a wide-ranging strategy to cool housing prices in Canada's most expensive real estate market.