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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[–] Pyr_Pressure@lemmy.ca 5 points 2 years ago

I would love to buy a run down property and repair it myself to live in, but they are all unaffordable because the owners know flippers will buy it for 50% markup and then repair it and sell for another 50% profit to someone who doesnt have the skills to repair it themselves.

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