Tax on foreign buyers not cooling down BC's housing market | KUOW News and Information

Tax on foreign buyers not cooling down BC's housing market

Aug 24, 2017

Jeannie Yandel speaks with CBC host Stephen Quinn about British Columbia's attempts to slow their escalating housing market. Quinn explains that there has been no relief after a year of a tax on foreign buyers, and attempts to charge people for housing that is left intentionally vacant has also not chipped away at skyrocketing prices. Quinn also explains loopholes that wealthy residents have found to buy up larger tracts of land and turn them into spots for giant mansions.