- Joined
- Oct 7, 2007
- Messages
- 27
In 2016 housing prices in Vancouver plummeted after the BC Government brought in the the Miscellaneous Statutes (Housing Priority Initiatives) Amendment Act, 2016.
Some local Victoria politicians support a new tax in the Capital Regional District. There could also be other measures brought in to cool Victoria off.
http://globalnews.ca/news/3196388/v...ision-on-foreign-buyer-tax-in-capital-region/
The big question is: will a new tax be brought in, when, and what affect will it have on Victoria? I have major doubts that tax or any other measure will make much difference to Victoria's market over the next 2 or 3 years. There is just very low inventory, high immigration and in-migration, and frankly the cities profile is increasing.
Would be great to hear some views. Media article posting welcome.
Some local Victoria politicians support a new tax in the Capital Regional District. There could also be other measures brought in to cool Victoria off.
http://globalnews.ca/news/3196388/v...ision-on-foreign-buyer-tax-in-capital-region/
The big question is: will a new tax be brought in, when, and what affect will it have on Victoria? I have major doubts that tax or any other measure will make much difference to Victoria's market over the next 2 or 3 years. There is just very low inventory, high immigration and in-migration, and frankly the cities profile is increasing.
Would be great to hear some views. Media article posting welcome.