British Columbia budget announcements
- Projects budget surplus of C$219 million in 2018/19, sixth consecutive balanced budget
- Gov't says will increase foreign buyer tax on housing to 20 pct, widen to include more cities
- To impose speculation tax on value of housing, 0.5 pct in 2018, rising to 2 pct in 2019
- To spend C$1.6 billion over three years on increasing affordable housing supply
Another weight added to Canada housing prices. At least in one province.
(those Headlines via Reuters)
