No foreign buyers tax for people with work permit: B.C. premier

VANCOUVER – British Columbia’s premier has announced her government is amending its tax on foreigners buying property in Metro Vancouver.

Christy Clark says the levy will be lifted for those who have a work permit and pay taxes in B.C., in order to encourage more people to come to the province.

The 15 per cent foreign buyers tax was implemented last August in a bid to cool skyrocketing real estate prices.

Government data released earlier this month shows there was a steep drop in real...

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