Point Roberts Real-estate

Vancouver Empty House Tax

The price of housing in Vancouver has been making the news a lot recently. In a recent survey Vancouver was ranked one of the 5 most over-priced cities in the world. The city’s first response to the continually-rising home prices is the “foreign ownership tax” that was implemented earlier this year, which put a 15% tax on any purchases of Vancouver real estate by foreign buyers, and which the city hopes will slow home sales and bring down prices. Continue reading