Published 23 days ago

Critics say house flipping too insignificant for new B.C. tax to have impact

Experts are questioning B.C.'s incoming flipping tax, noting that about three percent of B.C. Homes were flipped between 2019 and 2021.
Brendon Ogmundson stated, "Flipping has a net-zero impact on prices," highlighting that it isn't a major factor in affordability challenges in B.C.
A report by BCREA warns that the tax could lead to lower resale supply, causing tighter market conditions.

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