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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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[–] undercrust@lemmy.ca 4 points 2 years ago

It doesn't take a mathematician to realize that a 20% price hike every time a home is sold is an impossibility. It will absolutely have an effect on flipping volume and turnover duration.

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