brendon ogmundson

BC tables legislation to introduce anti-flipping tax

B.C. government targets ‘profiteers’ with legislation to bring in 20% flipping tax

April 4, 2024 2 Comments

British Columbia has tabled legislation to enact a 20 per cent flipping tax on those who sell their home within the first year of ownership.

The chief economist of the British Columbia Real Estate Association says the incoming tax on flipping houses may not generate as much revenue as the government expects and could only impact a small number of properties. A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward The chief economist of the British Columbia Real Estate Association says the incoming tax on flipping houses may not generate as much revenue as the government expects and could only impact a small number of properties. A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward

Real estate association economist doubts B.C.’s flipping tax is worth the trouble

February 26, 2024 No Comments

The chief economist of the British Columbia Real Estate Association says the incoming provincial flipping tax could end up reducing the overall number of homes on the market while only applying to a small number of properties.

No rate cuts expected until second half of 2024, says BMO

September 26, 2023 No Comments

BMO Economics released its updated rate forecast today, reducing the amount of monetary policy easing it expects from the Bank of Canada in 2024.

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brendon ogmundson

B.C. government targets ‘profiteers’ with legislation to bring in 20% flipping tax

Real estate association economist doubts B.C.’s flipping tax is worth the trouble

No rate cuts expected until second half of 2024, says BMO

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