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A previous B. Liberal government introduced a 15 per cent tax in an effort to quell Metro Vancouver's overheated real estate market in Independent escorts in Welland county Welland, and the NDP raised it to 20 per cent in after coming into power. In a ruling posted online on Friday, Justice Foreigners dating in Burnaby Bowden says the main purpose of the tax is to increase housing affordability in Metro Vancouver and generate provincial revenue, which he says falls within provincial jurisdiction. Bowden says the view that foreign buyers were contributing to the high cost of housing is not prejudiced in respect to any particular group and appears to be accepted by expert economists. He says the tax will actually give a benefit to visible minorities, who make up 49 per cent of Metro Vancouver's population, because the province will apply the tax revenues towards affordable housing and shelter programs. The ruling says that although the majority of foreign property owners were from Asia, especially China, that doesn't mean the Foreigners dating in Burnaby adversely affected Asians "in particular.

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The latest property transfer data from the B.

Ministry of Finance, released at the end of July, indicates that foreign buyers have all but disappeared from the Lower Mainland. With sky-high housing prices this side of the Port Mann, many have chosen the latter option. According to B.

Ministry of Finance data, Surrey registered first-time home purchases in the first six months of Abbotsford was the second most popular choice, attracting first-time homebuyers.

Perhaps even more remarkable, sales in the far eastern reaches of the Fraser Valley accelerated, with Chilliwack attracting first-time buyers. This positions it to overtake Richmond as the third most popular destination for first-time homebuyers. Richmond had first-time buyers in the first half of Massage bascom ave North Vancouver, but Chilliwack has outsold it in each of the past four months.

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