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B.C.’s proposed foreigner tax to help fund Metro Vancouver housing projects

Tom Ireland • Jul 28, 2016

Revenues from the recently announced tax on foreign property buyers in Vancouver will be used to help renters, low-income earners and first-time buyers. The post B.C.’s proposed foreigner tax to help fund Metro Vancouver housing projects appeared first on Andy Schildhorn, PREC.

The recently announced tax on foreign property buyers in Vancouver will be used to pay for B.C. housing projects. Mike de Jong, Finance Minister, and Rich Coleman, Housing Minister, have announced that revenues from the tax will be used to help renters, low-income earners and first-time buyers. These initiatives will begin to take effect in the fall.

“The city’s got 20 sites that they have that they’d like to do some innovative stuff with. So, we’re looking at those sites and we’ll be looking at where we can do affordable rental or a mix of affordable home ownership and rental,” said Coleman.

Read more details on this story over at Canadian Business.

🏡 Discover Fort Langley with Andy Schildhorn! 🌟

By Andy Schildhorn • 17 May, 2024
🌟 Hi there, it's Andy Schildhorn from Macdonald Realty! For over 30 years, I've proudly called Fort Langley my home—where history and vibrant culture blend seamlessly. 🏛️ Explore iconic landmarks like the Community Hall, CN Rail Station, and the Old Fort. 🍽️ Don't miss a visit to Ancestor Café, showcasing indigenous foods. 🎷🎨 Our village buzzes with festivals year-round, including the Jazz and Arts Festival. Enjoy outdoor activities along the Fraser River, scenic trails, and top-notch cycling routes. 🚴‍♀️🌳 🍰🍝 Stroll down Glover Road, our charming main street, with its friendly shop owners and delightful spots like Wendels' Cafe and Giulia's Mangia e Scappa. 🏡🌲 Discover diverse real estate options, from quaint backyards to riverside condos and expansive acreages. 📅 Join our thriving community—click the link below to schedule a chat. 👍🔔 Thanks for watching! Don’t forget to subscribe, and I look forward to hearing from you soon. 📞 778.835.8957 - https://calendly.com/andyschildhorn 🌐 www.AndytheRealtor.com Your Langley and Fraser Valley Realtor.

🌾🍎 Celebrate 102 years of May Day in the Village 📍🌻

By Andy Schildhorn • 15 May, 2024
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🤗 Sometimes we need to smile.

By Andy Schildhorn • 14 May, 2024
📣 "Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful." - Albert Schweitzer
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