The Province: Liberal flip-flop on foreign homebuyers tax costs honest owners — and taxpayers — dear

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Feb 4 2017 | Mike Smyth

Quoted from the article:

Many critics pointed out last summer that the tax would unfairly punish people living and working here legally. NDP housing critic David Eby even introduced an amendment to exempt people on work permits. The government voted it down.

“The purpose of the tax should have been to target and discourage absentee speculators using our housing market like a stock exchange to trade properties for financial gain,” Eby said.

“The government knew they were going to hurt working people who had been encouraged to come here. It’s not like they didn’t know what they were doing. They did it anyway.”

Read the full story at: http://theprovince.com/opinion/columnists/mike-smyth-liberal-flip-flop-on-foreign-homebuyers-tax-costs-honest-owners-and-taxpayers-dear