this post was submitted on 23 Feb 2024
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B.C. will implement a new 20% 'flipping tax' on homes: What you need to know (bc.ctvnews.ca)
submitted 9 months ago by [email protected] to c/[email protected]
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[–] [email protected] 9 points 9 months ago (1 children)

Eh, instead of a ban an exponentially increasing tax would probably be just as effective a discouragement and better account for weird edge cases.

[–] [email protected] 6 points 9 months ago

For every house beyond 2 houses, it taxes all of your houses 20% of the value of the house per year.

3 houses: 20% each

4 houses: 40% each

5 houses: 60% each… and so on.