<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n The change to the province\u2019s property transfer tax announced on Monday means an extra $300,000 in taxes for people from abroad buying a home for $2-million. Detached houses in the area typically run around that or higher. The surprise move comes after the government tracked all residential real estate transactions across British Columbia over four weeks in June and July and found foreign citizens who were not permanent residents bought just more than a billion dollars worth of property.<\/strong><\/p>\n For the first time since taking office five years ago, Premier Christy Clark said that limiting demand \u2013 not just increasing supply \u2013 could help make Metro Vancouver\u2019s housing market more affordable.<\/p>\n \u201cI want to keep home ownership within the grasp of the middle class in British Columbia,\u201d Ms. Clark said at a news conference in Victoria.<\/strong><\/p>\n <\/p>\n To read the complete article click here<\/a><\/strong>.<\/p>\n Credit The Globe and Mail<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Foreigners who buy residential property in the Vancouver area will have to pay an extra 15-per-cent tax as part of a B.C. government plan to slow the foreign speculation … [read more<\/a>]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"_links":{"self":[{"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/posts\/330"}],"collection":[{"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/comments?post=330"}],"version-history":[{"count":5,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/posts\/330\/revisions"}],"predecessor-version":[{"id":339,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/posts\/330\/revisions\/339"}],"wp:attachment":[{"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/media?parent=330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/categories?post=330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/tags?post=330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Screen](\"https:\/\/www.juliafreeman.ca\/blog\/wp-content\/uploads\/2016\/07\/Screen-Shot-2016-07-28-at-4.05.51-PM-1.png\")
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