Bravo festival condos vaughan. After the introduction of the property tax, the Vancouver property market sounded the alarm. After Vancouver, which is popular with Chinese buyers, announced this week that it would impose additional taxes on overseas buyers, Canada’s federal housing agency began to worry about the risks of the local property market.Please Visit: Bravo festival condos vaughan to Get Your VVIP Registration Today!
On Monday, British Columbia, where Vancouver is located, announced that it would impose an additional 15% home transfer tax on overseas real estate investors from August 2. The latest legislation will also allow the Vancouver city government to levy a house vacancy tax.
However, CMHC, a Canadian housing lender owned by the Canadian government, said on Wednesday that there were “strong” signs that the Vancouver housing market was at risk and in a “fragile” state. The company is the Canadian version of Fannie and Freddie. In its quarterly market assessment report released on Wednesday, CMHC revised the Vancouver real estate market risk rating to the highest level for the first time. This is exactly in line with the previous adjustment, with a risk rating of “weak” in January and “neutral” in April.