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Is BC Govt Asleep at the Wheel?
Summary by Victoria Residential Builders Association
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Is BC Govt Asleep at the Wheel?
On March 26, Ontario announced a partnership with Ottawa to fund tax relief on new housing and a reduction of municipal development charges. More than a month later, British Columbia homebuyers and builders are still waiting for similar tax relief. The Ontario agreement removes the full 13% HST on new homes priced up to $1 million and covers all buyers including investors, if they rent out the unit. In addition, the govts will cost-match a total…
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