Foreign Buyer’s Tax on Apartments (BC)

Selina Robinson, Minister of Municipal Affairs and Housing in BC, has confirmed that, after pressure from the public, the Class 1 Residential classification, which is used to administer the Foreign Buyer’s Tax, will NOT apply to apartment buildings! This is good news for many BC residential tenants as it is one less cost for landlords to pass on to renters.

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One Reply to “Foreign Buyer’s Tax on Apartments (BC)”

  1. After thought: Will this increase foreign investment in BC multi-housing properties? Advantages for domestic multi-housing development also?

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