Real Estate Tax
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Annual surtax of 0.2% on $1M+ homes could cool housing market: reportAn annual surtax of 0.2 percent on houses valued over $1 million could help reduce housing inequality and cool housing markets, a report says.CanadaJan 6, 2022
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British Columbians now form biggest bloc of speculation taxpayersB.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 provinceThe completed forms showed 80 per cent of those paying the tax are foreign buyers and satellite families.CanadaJul 11, 2019
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B.C. reports high returns on speculation tax forms, 99 per cent will not pay taxOwners not exempt from the tax must pay their assessed amount by July 2.May 17, 2019
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Metro Vancouver home sales dropped 75% after foreign buyer tax announced: realtorThe 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.EconomyAug 2, 2016
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B.C. foreign-buyer tax may exacerbate Toronto’s red hot real estate marketToronto'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.CanadaAug 2, 2016
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