Bruce McCallum, REALTOR®

Homes In Victoria

New 15% Property Transfer Tax for BC Buyers

From the CBC web site:

 

The B.C. government took steps Monday to reduce some of the pressure in Metro Vancouver's overheated real estate market, introducing legislation that would add a 15 per cent property transfer tax for foreign nationals buying real estate there.

 

The new rules take effect Aug. 2 and only apply to home purchases in Metro Vancouver, excluding the treaty lands of the Tsawwassen First Nation.

 

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