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Saturday, Mar 07, 2020
Volume 29 Number 10
Phone: 604-502-6100
WK $YHQXH 6XUUH\ ( WRQ\#D[LVPWJ FD Â&#x2021; ZZZ WRQ\KXQGDO FD
Fax: 604-501-6111 Email: voicerealtyads@gmail.com
CORRECTION: Market Intelligence Report (March 2020) This has been updated to correct an error in the chart title. The new title reads, â&#x20AC;&#x153;Estimated Impact of the BC Speculation and Vacancy Tax.â&#x20AC;? The latest BCREA Market Intelligence Report: Estimating the Impacts of the Speculation and Vacancy Tax estimates the Speculation and Vacancy tax reduced home sales in taxable regions in BC by an additional 12.5 per cent
compared to non-taxable regions. Click here to read the full report. Summary Findings: While all BC markets experienced sharp declines since 2018, the Speculation and Vacancy tax (SVT) is estimated to have reduced home sales in taxable regions in BC by an additional 12.5 per cent compared to non-taxable regions. Growth in home prices since 2018 is
estimated to be 5 per cent lower in taxable regions in BC compared with nontaxable regions due to the SVT. However, these impacts effectively dis-
appear if Metro Vancouver markets are excluded from the analysis, suggesting CONTINUED ON 10
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