With or without foreign buyers, there’s strong demand for housing in the region.
metro vancouver
In light of public outcry, the B.C. government has tasked a committee to examine real estate practices such as flipping and shadow assignment.
The prime minister's "foreign ownership" plan may make for good politics but the underlying economics is questionable, to say the least.
The current transit plebiscite, conducted by mail-in ballot across Metro Vancouver, asks whether residents are willing to support a 0.5 percentage point increase to the Provincial Sales Tax, which would generate an extra $250 million to help fund $7.5 billion worth of transportation projects tabled by the Mayors’ Council.
Over the next two months, Metro Vancouver residents will decide whether they want to pay $250 million more in sales tax each year to help fund a $7.5 billion capital expansion plan, mainly for public transit.
In a recent column about the upcoming Metro Vancouver transit plebiscite, Vancouver Sun columnist Daphne Bramham complained about business leaders who talked “way more about cutting taxes for poor beleaguered taxpayers for the past 30 years than they have about the valuable services tax money provides.”