BC 30 Point Housing Plan changes Real Estate for Generations
http://bcbudget.gov.bc.ca/2018/homesbc/ ... For_BC.pdf
Key takeaways:
STABILIZING THE MARKET:
1.Taxing speculators who are driving up housing costs
2. Increasing the foreign buyers tax rate to 20%
3. Expanding the foreign buyers tax to areas outside of Metro Vancouver
4. Increasing the property transfer tax on the value of homes over $3 million
CRACKING DOWN ON TAX FRAUD AND CLOSING LOOPHOLES:
8. Moving to stop tax evasion in pre-sale condo reassignments
9. Taking action to end hidden ownership, including a new beneficial ownership registry
10. Strengthening provincial auditing and enforcement powers
11. Moving to close property tax loopholes on the ALR
12 . Expanding information collection and information sharing with the federal government to prevent tax evasion
13. Seeking permanent provincial-federal action to combat money laundering, tax evasion, and avoidance
BUILDING THE HOMES PEOPLE NEED:
14. Making a $6 billion-plus investment in affordable housing.
15. Building rental units for the missing middle – more than 14,000 units for individuals, working families and seniors
16. Housing for women and children affected by violence
17. Working with universities, institutes and colleges to build new student housing
18. Fixing existing projects with an eye to ensuring affordability for British Columbians
Key takeaways:
STABILIZING THE MARKET:
1.Taxing speculators who are driving up housing costs
2. Increasing the foreign buyers tax rate to 20%
3. Expanding the foreign buyers tax to areas outside of Metro Vancouver
4. Increasing the property transfer tax on the value of homes over $3 million
CRACKING DOWN ON TAX FRAUD AND CLOSING LOOPHOLES:
8. Moving to stop tax evasion in pre-sale condo reassignments
9. Taking action to end hidden ownership, including a new beneficial ownership registry
10. Strengthening provincial auditing and enforcement powers
11. Moving to close property tax loopholes on the ALR
12 . Expanding information collection and information sharing with the federal government to prevent tax evasion
13. Seeking permanent provincial-federal action to combat money laundering, tax evasion, and avoidance
BUILDING THE HOMES PEOPLE NEED:
14. Making a $6 billion-plus investment in affordable housing.
15. Building rental units for the missing middle – more than 14,000 units for individuals, working families and seniors
16. Housing for women and children affected by violence
17. Working with universities, institutes and colleges to build new student housing
18. Fixing existing projects with an eye to ensuring affordability for British Columbians
Last edited by youngbutgood on Feb 20th, 2018 5:58 pm, edited 2 times in total.
may warm the heart but it will not fill empty tummies 
. Trying to harm the productive to benefit the less productive will not work. 
.
! I'm looking forward to it!