B.C. government expects sagging Metro real estate market to cut tax revenues

They'll fix that by raising taxes

Fantastic 😎👍🏻

Yet NDP blunders ahead with the speculation tax.

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New numbers paint bleak picture of Metro Van housing marketSales and prices are continuing to plummet, according to the latest Metro Vancouver real estate report. About time! Natural result of being under a liberal/socialist regime. Those new taxes on real estate are a killer! Now we know that that same group of people not only demaged our real estate market but also present great national security threat.
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Five examples of Metro Vancouver homeowners losing big in a plunging marketHere’s a look at five examples highlighted on Twitter of homes in Vancouver and West Vancouver where the owners took a bath, or are at least one foot away from a nasty fiscal scolding. Most of these are not “homeowners”. They are flippers. Media is starting to really turn on flippers and VANRE which means it's finally time to get on with the crash. You would never see this on the MSM, the fine gory details. What gives ?
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Five examples of Metro Vancouver homeowners losing big in a plunging marketHere’s a look at five examples highlighted on Twitter of homes in Vancouver and West Vancouver where the owners took a bath, or are at least one foot away from a nasty fiscal scolding. It's going to get ugly is in the valley & the outer economic rings. When liquidity leaves it makes those markets ^illiquid. Example seller, suddenly Sally lowers her price then you have to, someone else down the street or in you condo project drops their price (it spirals down).
La source: VancouverSun - 🏆 49. / 61 Lire la suite »