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Because Vancouver's real estate is appreciating faster than nearly every other city in North America [1]. Not only are you washing money, you are likely going
by hackerboos 10y ago
Because Vancouver's real estate is appreciating faster than nearly every other city in North America [1].
Not only are you washing money, you are likely going to see huge returns on your investment.
23% in a year would pay for this tax with a tidy profit at the end.
[1] - http://www.cbc.ca/news/canada/british-columbia/new-figures-show-massive-growth-in-metro-vancouver-real-estate-prices-1.3524888 http://www.cbc.ca/news/canada/british-columbia/new-figures-s...