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Scott Breier's profile image
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Scott Breier
  • Investor
  • from Langley, British Columbia
  • Member since Jan 5, 2016

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Scott Breier
  • Investor
  • from Langley, British Columbia
  • Member since Jan 5, 2016
Scott Breier
  • Investor
  • Langley, British Columbia
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Local Real Estate Networking

Vancouver BC, new 15% property transfer tax

Scott Breier
  • Investor
  • Langley, British Columbia
Posted

So in light of the new news of the 15% property transfer tax for foreign investors, how does everyone think this will impact the real estate market in the lower mainland? As I understand, this includes all the Metro Vancouver cities up to Abbotsford, so will this drive all the action there and other nearby cities like Victoria, Kelowna, etc? Will we see a drastic reduction in housing sales and therefore a drop in prices?

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Jay Hinrichs
  • #1 All Forums Contributor
  • Real Estate Consultant
  • from Summerlin, NV
  • Member since Jan 29, 2014

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Jay Hinrichs's profile image
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Jay Hinrichs
  • #1 All Forums Contributor
  • Real Estate Consultant
  • from Summerlin, NV
  • Member since Jan 29, 2014
Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
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  • Summerlin, NV
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@Josh Evans  I bet it curtails US investors or those that want a second condo etc in your fabulous city.  I can see a run on Kelowna Merritt Kamloops  !!! 

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