Premier David Eby has been clear that speculators are in his crosshairs, and with the 2024 budget his government has announced details of a new 'BC Home Flipping Tax.'
Sounds fair, but negotiating purchases below market values - even if at a grifter level - is still not speculation either. Making a profit off of “impatient idiots” is at best shady arbitrage, it should still be resold near market value anyway.
Sounds fair, but negotiating purchases below market values - even if at a grifter level - is still not speculation either. Making a profit off of “impatient idiots” is at best shady arbitrage, it should still be resold near market value anyway.