CHBA BC sends letter to Premier Clark regarding new property transfer tax for foreign buyers
In late July, the Province of British Columbia announced a new tax on foreign buyers who purchase property in Metro Vancouver. CEO Neil Moody signed a letter along with three construction industry association representatives expressing their collective concerns that this tax would unfairly penalize those who had already signed contracts to purchase. You can view the letter that was signed using the link below.
While this legislation was passed as is, we will continue to monitor the situation as it unfolds in the coming months.