OH No this is is Getting out of Hand Young families leaving the cities and Governments will have a tough time filling there coffers if the working class leaves the Major cities !
The interventions include a 15 per cent land transfer tax imposed on foreign buyers by the government of British Columbia. The federal government also made changes, including tightening qualifications for mortgage default insurance with the aim of ensuring home buyers could manage their monthly payments at higher interest rates.
#mikemartins #governmet #canada
The number of residential property sales in the greater Vancouver region fell by 5.6 per cent in 2016 — including a nearly 40 per cent year-over-year plunge in December alone — as governments took steps aimed at reining in red-hot real estate markets in parts of the country.
Figures released by the Real Estate Board of Greater Vancouver on Wednesday, however, showed that house prices have cooled by only 2.2 per cent over the past six months, with the MLS Home Price Index composite benchmark price of all residential properties in Metro Vancouver ending the year at $897,600.
Please watch: “Mike in The Night ! – The Great Reset – #mikeinthenight #talkshow #Thegreatreset”