| Term | Bank Rate | Our Rate |
| 1 Year | 3.14 % | 1.59 % |
| 2 Year | 3.19 % | 1.54 % |
| 3 Year | 3.49 % | 1.54 % |
| 4 Year | 3.74 % | 1.59 % |
| 5 Year | 4.59 % | 1.58 % |
| 7 Year | 5.35 % | 1.99 % |
| 10 Year | 5.60 % | 2.14 % |
The foreign buyers’ tax, introduced by the previous Liberal government, has done little to improve affordability a year after it was introduced, say observers of Metro Vancouver’s real estate market. Analysts say home prices have continued to escalate, sales are on pace with pre-tax expectations and houses are largely still out of reach for most residents. “Maybe
A two-per-cent tax on speculative real-estate investment in B.C. that was a key part of the NDP’s election platform may not be a sure thing, says the party’s spokesman for housing. “Taxes are one tool, but there are other tools available to policy-makers,” David Eby said Thursday. “Taxes aren’t always the right response — there
Ontario on Thursday moved to dampen red-hot home prices that have gone up more than 30 per cent in the Toronto area with a 15 per cent “non-resident speculation tax.” Chatter is focused on what Toronto may have drawn on from the way B.C. implemented its 15 per cent “additional property transfer tax” in Metro
