February 2, 2017
During the Lunar New Year parade in Chinatown on Sunday, January 29, Premier Christy Clark indicated that people with work permits who live and work in BC will be exempted from the Metro Vancouver foreign buyer tax. Click here for a story from The Province newspaper. No further details have been released by the provincial government, however Finance Minister Mike de Jong indicated to the Vancouver Sun on Wednesday, February 1, the provincial government is considering offering a refund on the foreign buyers’ tax to people who paid the tax on a home, but then shortly afterwards obtained Canadian citizenship or permanent resident status that would have originally exempted them from the tax. We will keep you posted when more information is available.