British Columbia

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B.C. will implement a new 20% 'flipping tax' on homes: What you need to know (bc.ctvnews.ca)

submitted 2 years ago by grte@lemmy.ca to c/britishcolumbia@lemmy.ca

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[–] Coreidan@lemmy.world 50 points 2 years ago (2 children)

Just ban corporations from owning homes for “investing”.

[–] tsonfeir@lemm.ee 19 points 2 years ago (1 children)

Also make a cap on the number of single family homes one person can own. Rent is for apartments.

[–] Pyr_Pressure@lemmy.ca 3 points 2 years ago

I would agree with a cap of 2 detached houses per person/couple.

Rent is not just for apartments, some people have families and need to rent as well, due to work and other life conditions. Can't easily house 2 adults and 3 children in an apartment.

[–] Nomecks@lemmy.ca 7 points 2 years ago

This, but the government also has to be active in closing loopholes as people discover them, and make sure people know that's their plan.