Four B.C. NDP housing taxes create some jitters in the Vancouver real estate industry

Posted by Michael La Prairie on Thursday, March 22nd, 2018 at 10:35am.

When B.C. Green Leader Andrew Weaver stood up in the legislature on March 8, it wasn’t to speak about any of his signature issues. This speech didn’t concern the Kinder Morgan pipeline, the Site C dam, or government delays in bringing ride-hailing to B.C.

Instead, Weaver wanted to talk about NDP government tax policies, particularly the housing-speculation tax that won’t be legislated until the fall.

The member for Oak Bay–Gordon Head said he initially thought that the speculation tax was only going to apply to out-of-province residents. This was based on comments made by Premier John Horgan and Carole James in scrums with the media.

But after examining an interpretive bulletin from the government, Weaver came to the conclusion that there was no blanket exemption for British Columbians.

Continue reading Four B.C. NDP housing taxes create some jitters in the Vancouver real estate industry at Straight website

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