Thread: Vacant Home Tax
View Single Post
  #33  
Old 11-09-2017, 03:32 PM
lmtada's Avatar
lmtada lmtada is offline
 
Join Date: Feb 2008
Posts: 3,049
Default

Quote:
Originally Posted by greendrake View Post
I applaud this as it is designed to get rid of forgiven owners who are over inflating the value of homes in Va and TO. Chinese billionaires have been scooping up property and then just sitting on it because they know the value will rise when the he market is so strong because of there purchases. Regular residents can't afford a place to live all because some wealthy person in another country is playing games.
Less than 10% of Vancouver Real Estate purchased by foreigners. Means 90% is purchased by Canadians (Home ownership/Speculators).

http://r.search.yahoo.com/_ylt=AwrSb...638stAPB2CpPI-
Reply With Quote