4 ms·
A good way to reduce demand is to both vastly increase the amount of identity reported in real estate (especially for out of country buyers) as well as to have
by teunispeters 7y ago
A good way to reduce demand is to both vastly increase the amount of identity reported in real estate (especially for out of country buyers) as well as to have foreign ownership taxes.
it would crash the BC economy hard though.
There's very little left there that isn't driven by foreign purchases. (quite a lot of it illegal in their home countries, eg the USA)
- mistermann 7y agoProposing reporting on the amount of foreign cash in the real estate market gets into the racism category, and that can spell a quick end to a successful career in politics.
- TMWNN 7y agoI thought money from China (legal and illegal), not America, was driving BC real estate.