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House prices have begun to fall, both trading volume and house prices have fallen sharply, but Vancouver is not happy enough. This week, the mayor of Vancouver said that Vancouver plans to tax vacant houses from January next year at a tax rate of 0.5% or 2% of the estimated value of the house. the specific tax rate is uncertain. The measures are mainly aimed at investment real estate, not residential housing.
So we wonder, how does Canada know how many vacant houses there are? This matter cannot be counted out for many years, and it is more difficult than going up to heaven. There are two spaceships in the Heavenly Palace, and there is no place to count the number of vacant houses, which is enough to show this difficulty. Is it really hard for Canadians to look confused? He said there were plenty of ways, like cow dung.
The simple and rude way is to use electricity and water. The place where the water meter does not turn is the vacant house. Just take it out and collect taxes. However, foreigners still have something to pursue, saying that they do not need all this, and the government will not judge whether the house is vacant on the basis of electricity consumption. The Canadian government has the ability to determine whether the house is vacant by means of independent declaration, audit and compliance measures of property owners. The owner needs to confirm how many days they or the tenant have lived in the house. Then they already have the results, saying that there are about 10800 vacant houses in Vancouver at present.
It is conceivable what would happen if a 0.5-2% vacancy tax was levied on 10,000 homes. Data show that more than 90 per cent of detached homes in Vancouver cost more than C $1 million (US $780000, 5.14 million yuan), compared with 19 per cent a decade ago. The average annual income of a family in downtown Vancouver is more than $70,000. according to the current average price of a single-family house, a local family can buy a house without food or drink for 20 years (the annual income of the family going north to Shenzhen is 200000, and the house is more than 5 million. It has been more than 25 years without food or drink. Based on the calculation of 5 million RMB per house, the annual tax to be paid is RMB2.5-100000, and this cost occurs every year, which basically produces a result. Landlords would rather rent it to tenants at a low price than avoid leaving it completely vacant. So such a tax has thoroughly dealt a blow to overseas buyers who speculate and hoarding real estate. It can be seen that Canada not only has to reduce house prices through additional property taxes, but also makes tenants become popular. Landlords are encouraged to rent out the house as soon as possible so as to lighten the burden on the tenants.
Some people are right, and I also believe that Canada introduced such a policy at this time in order to win votes, because high housing prices affect the general election, and by the way, overseas speculators lose money and leave the market, suppressing house prices will also make Canada look more attractive. after two years, when house prices fall, they can withdraw the policy again, so that leeks can grow again, much like the Chinese stock market. But the dark purpose behind this does not prevent this from being a successful policy, at least to the envy of the Chinese people.
In August alone, house prices in BC, Canada, fell by 20% in a month, while those in Vancouver fell by 20.7% in the past 28 days. The decline in the past three months has reached an astonishing 24.5%! The increase of one year has basically been swallowed up. And it is not only house prices that have fallen here, but turnover has also hit rock bottom. From August 1 to 14, only three homes were sold in West Vancouver, compared with 52 in the same period last year, a year-on-year decline of an astonishing 94%. With the exception of west Vancouver, sales in Richmond fell 96%, while those in north Bennabi fell 95%. A real estate agent said that you can be frank and no one will buy a house in Vancouver in half a month! Of course, these two months ago the sea scenery of the real estate economy, has been a large number of unemployment.