How many read the following Liberal caucus policy proposal circulated on social misledia in full or just the highlights?
Is this proposed sliding scale for capital gains to reduce the effect of speclators and foreign capital but limit the impact to property owners who sell after 1, 2, 3 years etc…?
BC has made some progress on reducing the effects of legit foreign capital, speculators and corruption from driving housing prices to unaffordable levels for most first time buyers but it can’t be done too abruptly or can cause a market crash.
They did this with stricter rules for foreign buyers and some changes to taxes but has this been enough? What other Provinces?
More is still needed to adequately investigate, prosecute and prevent corruption in the relestate market and elsewhere.