Think a foreign buyer tax reduced sales of Vancouver real estate? Not exactly. Declining sales have more to do with a China stopping outflows.
FAO, Ontario’s financial dog, has begun modeling how the province will be impacted by declining Canadian real estate prices in coming years.
Vancouver real estate’s record year will push property assessment values up to 50% higher according to BC Assessment.
The Vancouver Vacant Home Tax is the latest in a string of taxes aimed at solving the city’s housing crisis.