Eby said, “I talk to many people who openly say they want a crash so that houses reflect local incomes and they can potentially raise a family in Metro Vancouver.”
Eby said an NDP government would take other measures to regulate the housing market, including taxing property transactions for offshore investors who represent themselves on land titles as “students” or “housewives” and likely pay little or no income tax in B.C. The NDP would also set up a money laundering and tax evasion unit, which Eby believes would generate revenue through seizing real estate assets related to crime, and collecting back taxes.
Eby said, “I talk to many people who openly say they want a crash so that houses reflect local incomes and they can potentially raise a family in Metro Vancouver.”
Eby said an NDP government would take other measures to regulate the housing market, including taxing property transactions for offshore investors who represent themselves on land titles as “students” or “housewives” and likely pay little or no income tax in B.C. The NDP would also set up a money laundering and tax evasion unit, which Eby believes would generate revenue through seizing real estate assets related to crime, and collecting back taxes.