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B.C. government, with accounts flush from property tax earnings, cool on petition calling for real estate market intervention
2016-01-06 18:31:49| Real Estate - Topix.net
Metro Vancouver home sales set an all-time record in 2015, the region's real estate board said Tuesday, with the benchmark price for detached properties surging 24.3 per cent year-over-year in December to $1.248 million. Gerry Kahrmann/PNG files A new petition urging B.C. politicians to limit offshore investment and exploitation of tax loopholes in Vancouver real estate is getting a cool reception from Victoria as provincial coffers overflow with property transfer tax revenues in a red-hot housing market.
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