Record B.C. real estate revenue to fund affordable housing projects

The investment will provide nearly 3,000 rental units, and will be funded in part by proceeds from the 15 per cent foreign-buyers tax, which was imposed last month on non-residents who purchase residential property in the Vancouver area. http://www.cbc.ca/news/canada/british-columbia/record-b-c-real-estate-revenue-to-fund-affordable-housing-projects-1.3769511