Fraser Valley sellers see deals collapse after new foreign tax announced

2018-10-10T07:34:03-08:00August 2nd, 2016|Announcements|

SURREY, BC – On July 28, the BC legislature passed Bill 28 – Miscellaneous Statutes (Housing Priorities Initiatives) Amendment Act, introducing an additional 15 per cent Property Transfer Tax intended to deter foreign investment into the Metro Vancouver region. The tax, which takes effect today on August 2 and is due when the sale is [...]