The B.C. government’s property-transfer tax has become a growing burden for buyers in the Vancouver region’s housing market over the past 27 years. The province introduced the PTT as a way to generate revenue, especially targeting the upper crust of B.C. house purchasers.
http://www.theglobeandmail.com/report-on-business/economy/housing/the-real-estate-beat/ancient-property-transfer-tax-gives-vancouver-buyers-the-creeps/article21180431/?utm_source=digg