where the city’s mayor Gregor Robertson wants action to curb the practice of flipping
He also wants a new provincial tax on luxury homes and powers to tackle the issue of unoccupied homes.
Referring to the city’s “worst ever housing crisis," Mayor Robertson wrote in a letter to B.C. premier Christy Clark that it is the province’s responsibility to curb property speculation from “the world’s wealthiest citizens."
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Sunderland, Port Wallace, Tees, Argyle, Conquest
Property speculators are in the spotlight in