Some foreign buyers get break from tax they face on Vancouver real estate
VICTORIA — A tax on foreign home buyers in Metro Vancouver is being changed to exempt people who have come to British Columbia as part of the provincial nominee program.
Premier Christy Clark says the exemption is aimed at helping attract skilled workers to the province, particularly in the technology sector.
“Our growing tech sector depends on the provincial nominee program, and that’s why we’re removing barriers, so they can get to work, create jobs, and help build B.C.,” Clark said in a news release.
The exemption is available to people who purchase a principal residence in Metro Vancouver.