BC reviewing the foreign buyers’ tax (August 1, 2017)

GBC reviewing the foreign buyers’ tax> LINK

The 15% tax on many foreign home buyers in British Columbia will be reviewed along with some other government housing policy.


The province’s new housing minister Selina Robinson said Monday that policies including the interest free loans available to first time buyers would also be reviewed to assess their impact on affordability.

Ms. Robinson said there were no plans to scrap the foreign buyers’ tax at this stage but she believed that it was having less impact now than it did when it was first introduced to the Metro Vancouver market a year ago.

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