An article in this morning's Globe and Mail newspaper states that if elected in this May's provincial election, BC's NDP party would impose a further property tax of 2% on real estate held by non BC residents:

 

".........The New Democrats would also add a new tax on foreign real estate ownership. The NDP’s proposal would introduce a two per cent annual tax on the value of homes owned by ...

A shortage of residential property listings coupled with strong demand, particularly for condos and townhomes, continued to impact Metro Vancouver’s housing market in March.

Residential property sales in the region totalled 3,579 in March 2017, a decrease of 30.8 per cent from t ...