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

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A slew of B.C. provincial taxes have curbed demand, sales and prices in Vancouver’s once red-hot real estate market, but a softer market also means a drop in home sale taxes the province will…

 

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They'll fix that by raising taxes

Fantastic 😎👍🏻

Yet NDP blunders ahead with the speculation tax.

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Herkunft: VancouverSun - 🏆 49. / 61 Weiterlesen »

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).
Herkunft: VancouverSun - 🏆 49. / 61 Weiterlesen »