Rob Shaw, Vancouver Sun, July 25, 2016
VICTORIA — A foreign buyers tax introduced in a surprise move by the B.C. Liberal government Monday may cool the high end of Metro Vancouver’s red hot real estate market, even if it contains several potential loopholes and unintended consequences, say experts.
The new 15-per-cent foreign buyer tax will apply to residential real estate deals in Metro Vancouver — from Bowen Island to Maple Ridge/Langley Township — starting Aug.