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BC Real Estate Taxes - Not Helping Matters!

We're starting to get a much better picture of the fallout from the Provincial and City of Vancouver’s increased taxes on Real Estate and it doesn’t seem to be having any effect on what the NDP Government said they were going to do. That was make homes more affordable especially in the entry level condo market so that more buyers can get out of expensive rentals and into their first condo. It was also touted as making homes more affordable for renters. So far it has done none of that. What is has done is slow sales volume witch equates to 100’s of millions in lost PTT revenue. This PTT revenue is one of the largest income sources for the Province. When spending has been increased and tax revenue is decreased you set the stage for large deficits and slower economies which I believe we will start to see in 2020.


This entry was posted on October 15th, 2019 by Owen Bigland | Posted in Video Blog

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BC Real Estate Taxes - Not Helping Matters!

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Owen Bigland
Macdonald Realty Westmar
203-5188 Westminster Hwy
Richmond V7C 5S7
: 604 889-1118
: owen@owenbigland.com

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