Every so often you need to point out something so obvious it seems silly to even say. But here we go: You don’t make homes cheaper by hiking taxes.
British Columbia is expanding its speculation tax to 13 new municipalities next year. If the provincial government wants to tackle unaffordable home prices, that’s a big leap in the wrong direction.
With this change, the government is applying the tax-take to 59 communities in B.C.
That will hurt tourism as families are forced to offload their summer homes on the island, or cottages in the interior ...CLICK HERE for the full commentary

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