B.C. Property Markets Starting to Shift after Tighter Mortgage Rules, Tax Changes

Three months into B.C.’s experience with tighter mortgage-qualification rules, layered in with provincial real-estate tax changes, property markets are starting to shift.

However, parsing out the whether the provincial measures — the speculation tax on second homes, school surtax on expensive homes and raising the property transfer tax — are having a big, small or any impact on the housing market is an open question.

 

http://theprovince.com/business/real-estate/b-c-property-markets-starting-to-shift-after-tighter-mortgage-rules-tax-changes/wcm/5bdf1b26-6455-40a6-8c8a-597e5e1bfa9c