CTV: Auditors should target low-income owners of million-dollar homes: Eby

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July 15, 2016

Quoted from the article:

The Canada Revenue Agency is deploying dozens of auditors to B.C. in an effort to catch tax evaders, but critics argue the province is still missing the mark on the affordable housing issue.

B.C. NDP housing critic David Eby said the real problem is not foreign buyers, but rather how some people report low incomes, yet buy homes worth millions.

“There’s been a lot of discussion about data in the real estate market. Who’s buying properties, where are they from?” Eby said at a news conference Friday. “I think a lot of that is a huge distraction from the core issue, which is not international people in our housing market, but international money in our housing market.”

Read the full story: http://bc.ctvnews.ca/auditors-should-target-low-income-owners-of-million-dollar-homes-eby-1.2989282