🔴 The NDP Provincial Government wants to tax you 20% of your profit when you sell (INCLUDING NOW YOUR PRIMARY RESIDENCE 😲😳).

What was once thought to be Canada’s last tax shelter. Now they’re STARTING this tax at 20%, and, for now, they are only targeting people who move within the first 2 years of ownership…. 😅

🔴 They claim this tax was designed to primarily target naughty “speculators” 🕵️‍♂️💼 who, as they describe, are a big reason we have a housing crisis in this province. They describe the amount of transactions this will affect as small, saying it will only affect 4% of sales in Vancouver, that’s still thousands of sales across the province! 🏡📉

🔴Are we supposed to believe these sellers are mostly speculators? Or could these be regular average people? Families that have to move due to a work transfer, education, job loss, divorce, and every other normal scenario under the sun? 🤔👨‍👩‍👧‍👦 Is this tax fair to them??

🔴I can tell you, being a realtor for 10 years selling about 700 homes myself, the percentage of homes sold within 2 years by pure speculators alone is relatively low, meaning that the unintended consequences will mostly very negatively impact those people I just mentioned. 🏠💔

🔴I’ll leave more of my thoughts in the comments but I’d love to know what you think, so please share your thoughts in the comments below. 💭👇👇 👇

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