Real Estate Tax

• Annual surtax of 0.2% on $1M+ homes could cool housing market: report

  An annual surtax of 0.2 percent on houses valued over $1 million could help reduce housing inequality and cool housing markets, a report says.

  Canada

  Jan 6, 2022
  
• British Columbians now form biggest bloc of speculation taxpayers

  B.C. Premier John Horgan says the tax has been "successful," despite new data that shows British Columbians now form the largest bloc of people paying it.

  Jan 15, 2021
  
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• B.C.’s speculation tax brings in $115M, mostly from owners outside province

  The completed forms showed 80 per cent of those paying the tax are foreign buyers and satellite families.

  Canada

  Jul 11, 2019
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• B.C. reports high returns on speculation tax forms, 99 per cent will not pay tax

  Owners not exempt from the tax must pay their assessed amount by July 2.

  May 17, 2019
• Metro Vancouver home sales dropped 75% after foreign buyer tax announced: realtor

  The number of home sales in key Metro Vancouver municipalities took a major hit after the foreign buyer tax was announced, according to a Vancouver realtor with data from the MLS.

  Economy

  Aug 2, 2016
• B.C. foreign-buyer tax may exacerbate Toronto’s red hot real estate market

  Toronto's red-hot real estate market could get even hotter as foreign nationals looking to dodge a new 15 per cent tax on properties in Vancouver seek new places to invest, realtors say.

  Canada

  Aug 2, 2016