Ex­tra tax on for­eign home­buy­ers

China Daily (Canada) - - BUSINESS -

For­eign­ers will have to pay an ad­di­tional tax of 15 per­cent for the res­i­den­tial homes they buy in the Cana­dian prov­ince of Bri­tish Columbia, au­thor­i­ties said. Bri­tish Columbia Premier Christy Clark said the goal is to make homes af­ford­able for the mid­dle class. “There is ev­i­dence now that sug­gests that very wealthy for­eign buy­ers have raised the price of over­all hous­ing for peo­ple in Bri­tish Columbia,” Clark said.

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