The governing B.C. Liberals ended their emergency summer session of the legislature by passing housing legislation with what amounted to a roll of the dice on one of the biggest tax changes since 2009’s ill-fated Harmonized Sales Tax.
Finance Minister Mike de Jong said while he doesn’t necessarily agree he rolled the dice, he’s also not entirely sure what the new 15 per cent property transfer tax on foreign buyers will do to Metro Vancouver’s super-heated housing market
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