Time to reform B.C.’s Property Transfer Tax
By Barbara Yaffe, Vancouver Sun October 11, 2013
Homebuyers and realtors hate it. Economists disparage it. And nearly everyone agrees, it is time to overhaul B.C.’s Property Transfer Tax.
The 26-year-old levy makes the excruciating task of purchasing a B.C. property all the more difficult, and is an excellent example of how politicians have persisted with policies that ignore Vancouver’s affordability crisis.
The PTT takes one per cent...