B.C. to bring in a 15 per cent additional real estate tax on foreign buyers

VICTORIA — Foreign buyers in Vancouver's scorching real estate market will soon pay a new tax that Premier Christy Clark says is aimed at making housing more affordable for British Columbia's middle-class buyers. 

The government took aim at foreign buyers Monday, highlighting housing data that indicates they spent more than $1 billion on B.C. property in a five-week period starting June 10, with 86 per cent of that spending recorded in the Lower Mainland area.

Clark's Liberals...

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