As potential buyers and current home owners gear up to face another possible interest hike in the near future, the article below brings attention to one of many contributing factors to the unaffordability that we currently experience in real estate purchases here in Greater Vancouver. It is interesting to note that the ambolishment (or even reduction to the national average) of this tax can potentially have such a positive impact on the economy.
Wed, 08/03/2011 - 09:31
By Maureen Enser
Maureen is Executive Director of the Urban Development Institute