These results are meaningless because the question is poorly worded.
Jodie - 6 years ago
This isn't about helping the people of BC. This is about creating a new tax to fill the provincial governments coffers. I'd love to know what their plans really are for this created windfall.
Andrea Willikison - 6 years ago
I think the NDP can and should do more. This is only a start and they also go after the profits in selling a property as well.
Rob - 6 years ago
Hello: I really think your question is not definitive enough for people to understand. What I mean is the question should be think the speculation tax changes are enough, or should we be charging a tax to long time Canadian home owners no matter what province your main home is in.
We are all Canadians , free and should not allow any one Province to tax people here who invest in real estate. Some people feel it is safer and prefer not to trust banks of stocks.
Very poor so far with the way the NDP have hurt so many.
Margaret Winstone - 6 years ago
Throw this tax out, you are taxing people who have worked hard and saved to have a vacation home, charge out of country fine, anyone who lives in Canada should be able to buy a vacation/ other home without paying a crazy amt of extra tax. Again punishing the hard working/middle class. I am fed up with all the extra taxes, rules that are in place on what I can do with my own property, bought and paid for by me, you collect enough tax from me now.
OMG - 6 years ago
Most readers now know that foreign buyers are about 4.8% of the metro Vancouver area as reported by the CMHC earlier this year. Many media writers across Canada have stated that because of this low amount of foreign purchasing this foreign buyers tax has mostly a psychological impact on the real estate market.
Enter the speculation tax and we find that it's okay for the old stock British Columbians to put people out on the sidewalk in tents but it is not okay for a foreigner to put people out on the sidewalk in tents. What difference does it make to the tenter?
Doug Scott - 6 years ago
The NDP continue taxing without the vaguest idea of the consequences. Paying tax on phantom values flies in the face of fairness Canadians should expect from its governments. The payroll tax dumped on business is a thinly veiled tax on citizens because business simply cannot absorb it; it’s either pass it on to the consumer or fold creating more unemployment. Governments at all levels continue to incur massive debt hiding behind “fees and levies”. It’s past time for a tax revolt.
Wally - 6 years ago
This tax affects many property owners that are not speculators. What is the governments definition of a speculator? They have no clue. This tax will do nothing to make housing more affordable. This is a blind sided half baked tax on that shows how much the NDP are scrambling to make their impossible budget work.
Judy - 6 years ago
My vacation home happens to be in the CRD. it was purchased by my father many years ago when any investment was welcome in the Victoria region. It is not speculative. I already pay an out of province premium on my property taxes. Why should I be taxed out of a home I enjoy on a year around basis with my children and grandchildren just because it happens to be close to Victoria?
Curtis Gamble - 6 years ago
You are already taxing the air with the phony carbon tax. We had enough smoke from the fires last year to make this stupid tax illogical. Will you never run out of things to tax?
These results are meaningless because the question is poorly worded.
This isn't about helping the people of BC. This is about creating a new tax to fill the provincial governments coffers. I'd love to know what their plans really are for this created windfall.
I think the NDP can and should do more. This is only a start and they also go after the profits in selling a property as well.
Hello: I really think your question is not definitive enough for people to understand. What I mean is the question should be think the speculation tax changes are enough, or should we be charging a tax to long time Canadian home owners no matter what province your main home is in.
We are all Canadians , free and should not allow any one Province to tax people here who invest in real estate. Some people feel it is safer and prefer not to trust banks of stocks.
Very poor so far with the way the NDP have hurt so many.
Throw this tax out, you are taxing people who have worked hard and saved to have a vacation home, charge out of country fine, anyone who lives in Canada should be able to buy a vacation/ other home without paying a crazy amt of extra tax. Again punishing the hard working/middle class. I am fed up with all the extra taxes, rules that are in place on what I can do with my own property, bought and paid for by me, you collect enough tax from me now.
Most readers now know that foreign buyers are about 4.8% of the metro Vancouver area as reported by the CMHC earlier this year. Many media writers across Canada have stated that because of this low amount of foreign purchasing this foreign buyers tax has mostly a psychological impact on the real estate market.
Enter the speculation tax and we find that it's okay for the old stock British Columbians to put people out on the sidewalk in tents but it is not okay for a foreigner to put people out on the sidewalk in tents. What difference does it make to the tenter?
The NDP continue taxing without the vaguest idea of the consequences. Paying tax on phantom values flies in the face of fairness Canadians should expect from its governments. The payroll tax dumped on business is a thinly veiled tax on citizens because business simply cannot absorb it; it’s either pass it on to the consumer or fold creating more unemployment. Governments at all levels continue to incur massive debt hiding behind “fees and levies”. It’s past time for a tax revolt.
This tax affects many property owners that are not speculators. What is the governments definition of a speculator? They have no clue. This tax will do nothing to make housing more affordable. This is a blind sided half baked tax on that shows how much the NDP are scrambling to make their impossible budget work.
My vacation home happens to be in the CRD. it was purchased by my father many years ago when any investment was welcome in the Victoria region. It is not speculative. I already pay an out of province premium on my property taxes. Why should I be taxed out of a home I enjoy on a year around basis with my children and grandchildren just because it happens to be close to Victoria?
You are already taxing the air with the phony carbon tax. We had enough smoke from the fires last year to make this stupid tax illogical. Will you never run out of things to tax?