No foreign buyers tax for people with work permit: B.C. premier
Jan 29, 2017 | 2:15 PM
VANCOUVER, B.C. — British Columbia’s premier has announced her government is amending its tax on foreigners buying property in Metro Vancouver.
Christy Clark says the levy will be lifted for those who have a work permit and pay taxes in B.C., in order to encourage more people to come to the province.
The 15 per cent foreign buyers tax was implemented last August in a bid to cool skyrocketing real estate prices.
Government data released earlier this month shows there was a steep drop in real estate transactions in the Vancouver area last summer after the tax was introduced.
