Premier David Eby has been clear that speculators are in his crosshairs, and with the 2024 budget his government has announced details of a new 'BC Home Flipping Tax.'
  • xmunk@sh.itjust.works
    9·
    9 months ago

    Eh, instead of a ban an exponentially increasing tax would probably be just as effective a discouragement and better account for weird edge cases.

    • tsonfeir@lemm.ee
      6·
      9 months ago

      For every house beyond 2 houses, it taxes all of your houses 20% of the value of the house per year.

      3 houses: 20% each

      4 houses: 40% each

      5 houses: 60% each… and so on.