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BC brought in a speculation tax that was effectively an empty house tax (you avoided the tax if you rented your house). In its first year, beyond whatever monie
by Tiktaalik 5y ago
BC brought in a speculation tax that was effectively an empty house tax (you avoided the tax if you rented your house). In its first year, beyond whatever monies it made, it also added about 8000+ units to the market. Now you only get that surge one time, but hey that's not nothing, and beyond that the market seems to have reoriented slightly toward less development of apartments for sale, and more purpose built rental apartments.
https://bc.ctvnews.ca/11-000-condos-added-to-metro-vancouver-s-rental-market-thanks-to-vacancy-taxes-cmhc-study-1.5205489 https://bc.ctvnews.ca/11-000-condos-added-to-metro-vancouver...