
The Monday news briefing: An at-a-glance survey of some top stories
Highlights from the news file for Monday, July 25
B.C. TO BRING IN 15 PER CENT FOREIGN BUYER TAX: Foreign nationals who buy real estate in Metro Vancouver would pay an additional property transfer tax of 15 per cent under legislation introduced by the British Columbia government. Finance Minister Mike de Jong unveiled the tax as part of legislation aimed at addressing low vacancy rates and high real estate prices in southern B.C. “For example, the additional tax on the purchase of a home selling for $2 million to a foreign national will amount to an additional $300,000,” de Jong told members of the legislature.
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STRONG SANDERS’ SUPPORTERS DIVIDED ON BACKING CLINTON: With boos and chants of “Feel the Bern,” die-hard backers of Bernie Sanders signalled Monday that they just aren’t ready to coalesce around the presidential bid of Hillary Clinton despite his pleas. At a raucous meeting with his most loyal supporters, the Vermont senator implored his hundreds of delegates to defeat Donald Trump in November, calling the Republican candidate a “bully and a demagogue.” He said it was imperative to elect Clinton and her running mate, Virginia Sen. Tim Kaine.