Something for the Canada property price watchers

Reuters report:

  • British Columbia introduced a new 15 percent property transfer tax on foreign real estate buyers in Vancouver on Monday
  • The new tax will drive up costs for foreign investors
  • It takes effect on August 2

The new law comes weeks after the province released preliminary data showing that foreigners invested some C$1 billion ($756.7 million) in British Columbia housing from June 10 to July 14, with about 86 percent of that in Vancouver.

More at that link, above

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Why would Canada want to dissuade people from moving there? All that cold weather, snow etc. Brrrrrrr. **** that

(Ice Road Truckers is good though)