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.'
I would love to buy a run down property and repair it myself to live in, but they are all unaffordable because the owners know flippers will buy it for 50% markup and then repair it and sell for another 50% profit to someone who doesnt have the skills to repair it themselves.
I would love to buy a run down property and repair it myself to live in, but they are all unaffordable because the owners know flippers will buy it for 50% markup and then repair it and sell for another 50% profit to someone who doesnt have the skills to repair it themselves.