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.'
It doesn’t take a mathematician to realize that a 20% price hike every time a home is sold is an impossibility. It will absolutely have an effect on flipping volume and turnover duration.
It doesn’t take a mathematician to realize that a 20% price hike every time a home is sold is an impossibility. It will absolutely have an effect on flipping volume and turnover duration.