Government Surprise: Metro Vancouver and Home

government surprise: Thousands of Metro Vancouver real estate deals caught by tax deadline Foreign buyer may abandon Vancouver bid, gamble it cheaper than taxB.C. foreign real estate buyer tax leaves Iranian man set to lose thousands on first home Notting and his wife, both 65, say they are paying a financial and emotional price in the wake of the B.C. government surprise — and retroactive — announcement of a 15 per cent foreign buyer tax on properties in Metro Vancouver, according to CBC. New home needed after knee surgeries and falls The Nottings made a deal to sell their home — subject to a home inspection — the day before the announcement. That doesn't work,'" he said. The following day, in the middle of the inspection, the buyers backed out unable to drop an extra $250,000. Meanwhile, the Nottings had already purchased a smaller, one-level home in Langley a few weeks earlier. The Nottings have had to re-list their White Rock home for less than the original list price and less than the offer that fell through after the tax was announced. (www.immigrantscanada.com). As reported in the news.