Quote:
Originally Posted by whatnext
The FBT absolutely does not prevent foreign players from investing in the multifamily market. They're more than welcome to build a rental apartment building with no extra taxes, just the same that apply to local builders.
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You overestimate the intelligent of our government. At least you get to criticize the BC Liberals here?
Quote:
foreign buyers have expressed interest in Vancouver buildings but are put off by B.C.’s 20% foreign-homebuyer tax, which applies to rental apartment buildings.
“The taxes are just crazy. Some owners have simply had enough.”
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https://www.vancouverisawesome.com/real-...ings-for-sale-metro-vancouver-bc-1945870