Langley Mayor ‘Neutral’ on Foreign Buyer Tax

Langley's mayor, Jack Froese, prefers to take a wait-and-see approach on Metro Vancouver's new tax on foreign real estate buyers. The post Langley Mayor ‘Neutral’ on Foreign Buyer Tax appeared first on Andy Schildhorn, PREC.

Langley’s mayor, Jack Froese, has declared himself neutral on Metro Vancouver’s new tax on foreign real estate buyers, preferring to take a wait-and-see approach. He said: “As far as the tax goes, it’s too early to tell if that’s a good thing or not. I’m pretty neutral on it.” He also added that foreign buyers haven’t affected Langley in the same way as some neighbouring municipalities, saying: “We aren’t seeing places left empty, however, certainly the pressure that’s happening in points west – Vancouver, Richmond – are pushing people this way, so it has a domino effect.”

Read more on this story in the Langley Advance.

The post Langley Mayor ‘Neutral’ on Foreign Buyer Tax appeared first on Andy Schildhorn, PREC.