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April 2024 Market Update |
B.C. government introduces new home-flipping tax legislation
The British Columbia government has introduced legislation enacting its new home-flipping tax on Wednesday. The province says the tax will target speculators and improve housing supply. "Wealthy investors are using housing as a short-term investment to make a fast profit while people looking for homes can't get into the market," Finance Minister Katrine Conroy told media after introducing the bill in the B.C. legislature. |
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