Page 19 - Generation Squeeze News Today

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.

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

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

A UBC professor said such a tax, to be accumulated annually and payable at the time of sale, would help the next generation find affordable homes

A new report is urging Canada to consider a luxury tax on homes valued at over $1 million as a means to rein in surging real estate prices.

New report on housing affordability is calling for a surtax on homes worth more than $1 million as a way to rein in skyrocketing home prices and fund affordable housing projects.

New report on housing affordability is calling for a surtax on homes worth more than $1 million as a way to rein in skyrocketing home prices and fund affordable housing projects.

Survey participants were self-selected

Emissions have not dropped under their governance. Still, the North Van candidate insists the plan is working.