Page 18 - Generation Squeeze News Today

With home prices in Canada's most expensive market going up at a dizzying pace, a Vancouver-based think-tank is proposing a new tax on homes valued at over $1 million to help bridge the affordability gap.

VANCOUVER — An annual surtax on houses valued over $1 million could help reduce housing inequality and cool housing markets, a report says.

From the speculation and vacancy tax to the foreign buyers tax, B.C.s current measures designed to improve housing affordability havent managed to slow a market thats often considered a cash cow. Now, a West Coast think tank argues a surtax on equity may be part of the solution.

VANCOUVER - An annual surtax on houses valued over $1 million could help reduce housing inequality a...

VANCOUVER — An annual surtax on houses valued over $1 million could help reduce housing inequality and cool housing markets, a report says.

VANCOUVER — An annual surtax on houses valued over $1 million could help reduce housing inequality and cool housing markets, a report says.

VANCOUVER — An annual surtax on houses valued over $1 million could help reduce housing inequality and cool housing markets, a report says.

An annual surtax on houses valued over $1 million could help reduce housing inequality and cool housing markets, a report says.

Generation Squeeze argues that the surtax could raise between $4.54 billion and $5.83 billion to go toward other housing projects

VANCOUVER — An annual surtax on houses valued over $1 million could help reduce housing inequality and cool housing markets, a report says.