VANCOUVER - Policy watchers are split on the value of British Columbia's upcoming provincial flipping tax targeting those looking to make a quick buck in the real estate market.
The chief economist of the British Columbia Real Estate Association says the incoming tax on flipping houses may not generate as much revenue as the government expects and might only impact a small number of properties.
Brendon Ogmundson, chief economist of the British Columbia Real Estate Association, says the tax could end up reducing the overall number of homes on the market while only applying to a small number of properties.
VANCOUVER The chief economist of the British Columbia Real Estate Association says the incoming tax on flipping houses may not generate as much revenue