It pushes up the $1 million cost of an average Metro Vancouver detached home by $18,000, when typical buyers are already stretched to the limit of their ability to pay.
http://www.biv.com/article/2015/2/tweak-bc-property-transfer-tax-favour-resident-buy/
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ASKING $1,328,000
16-4411 WILLIAMS ROAD, RICHMOND BC (click on image for details)
Photo courtesy of TOURISM VANCOUVER
Photo courtesy of TOURISM RICHMOND
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Photo courtesy of CITY OF SURREY