At least 7 countries are taxing Foreign buyers who wish to procure real estate in foreign lands.
With the advent of a special foreign tax in Vancouver, the first of its kind in Canada, this article may give us some perspective, and some PAUSE, on whether this approach to our heated markets in Vancouver and Toronto will actually help to cool these markets. Or will this tact simply delay and impair our focus on effective remediation of the supply and demand dilemma we have in these markets.
What do YOU think? http://bit.ly/2dL473L
If you (or someone you know), are looking for a Realtor who cares MORE about focusing on you, your concerns, goals and the successful purchase or sale of YOUR unique home, than they care about their volume of transactions and awards, please let me know the best way for me to connect, as I would love to offer my highly personal service. Contrary to that old expression, not only IS this business, but it IS personal! And, please, I encourage you to ask me any questions you may have about this post. I value your input and appreciate the time you took to read it.