BC’s foreign homebuyer tax for Metro Vancouver
BC’s foreign homebuyer tax for Metro Vancouver will no longer apply to all non-residents.
The 15 per cent foreign buyers tax was implemented last August in a bid to cool skyrocketing real estate prices.
Under changes non-residents with temporary work permits will be able to buy residential property in Metro Vancouver without paying a 15-per-cent levy.
The tax was rolled out in August 2016 to cool the market, at the time Canada’s hottest.