Quote:
Originally Posted by kr4l
So paying an extra 15% tax is not ok but paying a few hundred thousand to $1mil over asking price is?
(Yes, not all transactions but the willingness to do it means something)
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Honestly, there is no one answer to this question.
For the people living here who have to borrow money from the bank, the 15% tax may affect their decisions.
For the people not in Vancouver, then that 15% only means they need to compare total cost vs say buying in Toronto who doesn't have the tax.
But if the Cdn dollar drops some more, then they gain more buying power making that 15% tax look less when comparing houses in other countries.