VANCOUVER – British Columbia’verts premier has publicised her government will be amending its levy on foreigners getting property in Metropolitan Vancouver.
Christy Clark says your levy will be increased for those who have a work enable and pay taxes in B.H., in order to encourage the best way to to come to the land.
The 15 per cent unusual buyers tax has been implemented last Sept in a bid to cool down skyrocketing real estate costs.
Government data released recently shows there was a steep drop in real estate deals in the Vancouver area last summer once the tax was created.
Tax revenues from residence transfers in City Vancouver show there was clearly about 15,1,000 transactions in an close to seven-week period ending August. 1, but the selection dropped to a decreased of about 4,700 for the month associated with October.
The data exhibits there were about 1,970 purchases involving unusual buyers in the period ending Aug. 1, when compared to 60 in the all August and about 100 in November.