In this blog I’m going to talk more about the new speculation tax and how it’s going to do very little to address the real problem in the Vancouver housing market. That real problem is billions of untaxed dollars entering the housing market and the abuse of the principal residence exemption. I will also ( for about the 10th time ) give you my suggestions on what needs to be done to at least help level the playing field. By that I mean having these buyers contribute their fair share to the Federal and Provincial tax coffers.
Thanks to all the viewers and commenters on all my videos. Unfortunately, due to the number of comments I’m getting, I don’t have the time to reply. There are some great moderators here who think like I do (and some who have read my book). I encourage you all to continue the great conversations amongst yourselves.
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