British Columbia's new home flipping tax criticized by economists and experts as potentially discouraging investment and tightening market conditions.
Economists and industry experts criticize British Columbia's new home flipping tax as "ill-advised", arguing it could discourage investment and tighten market conditions. The tax targets investors who drive up prices by flipping properties, taxing the profit made from selling a residential property within two years of its purchase. Critics point to low levels of flipping activity in B.C. 's housing market and potential discouragement of real estate investment and sales.
March 19, 2024
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