| Term | Bank Rate | Our Rate |
| 1 Year | 7.84 % | 6.69 % |
| 2 Year | 7.34 % | 6.29 % |
| 3 Year | 7.14 % | 5.79 % |
| 4 Year | 6.99 % | 5.54 % |
| 5 Year | 7.04 % | 5.39 % |
| 7 Year | 7.10 % | 5.90 % |
| 10 Year | 7.25 % | 6.30 % |
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
