Sunday, June 2, 2024
ADVT 
National

Family Home Sale Marred In Uncertainty In Wake Of B.C. Foreign Buyers' Tax

Darpan News Desk The Canadian Press, 16 Aug, 2016 02:07 PM
    COQUITLAM, B.C. — A Vancouver-area family says they feel like pawns in a political game after the province introduced a foreign buyers' tax that put the sale of their home in jeopardy.
     
    Heather Nyberg of Coquitlam, B.C., says she's disappointed in the provincial government's surprise announcement last month of a 15-per-cent homebuyers' tax for non-residents purchasing property in Metro Vancouver.
     
    Nyberg, who was born and raised in Coquitlam, says Premier Christy Clark should stop and consider the impact her government's policy is having on families across the Lower Mainland.
     
     
    The province has said the controversial tax is aimed at addressing skyrocketing real estate prices in the province's most densely populated region, and the levy came into effect on Aug. 2, days after it was announced.
     
    Nyberg says she and her husband signed a deal to buy a smaller, more affordable home in order to reduce their financial stress and to have more time to spend with their two young children.
     
    She says if the sale of their current house falls through they'll be forced to abandon the deposit on what they hoped would be their new home and will open themselves up to being sued.

    MORE National ARTICLES

    Man Falls While Being Pursued By Black Bear In West Vancouver Park

     The unidentified man was walking along a trail at Capilano River Regional Park when he thought he'd encountered a dog.

    Man Falls While Being Pursued By Black Bear In West Vancouver Park

    Monsoon Festival of Performing Arts- A Truly South Asian Event You Cannot Afford To Miss

    Monsoon Festival of Performing Arts- A Truly South Asian Event You Cannot Afford To Miss

    South Asian Arts society has made a statement loud and clear- there is nothing celebrating authen...

    Monsoon Festival of Performing Arts- A Truly South Asian Event You Cannot Afford To Miss

    Comedian Mark Critch Turns Tables On Prime Minister With Bare-Chested Photobomb

    Comedian Mark Critch Turns Tables On Prime Minister With Bare-Chested Photobomb
    Comedian and Newfoundland native Mark Critch pounced on the opportunity to turn the tables on Trudeau during a walkabout in Signal Hill on Monday.

    Comedian Mark Critch Turns Tables On Prime Minister With Bare-Chested Photobomb

    Canada's Military Plan For Africa Will Be For A Long Duration, Says Harjit Sajjan

    Canada's Military Plan For Africa Will Be For A Long Duration, Says Harjit Sajjan
    OTTAWA — Defence Minister Harjit Sajjan says he will soon announce a plan to send Canadian troops on a long-term mission to Africa.

    Canada's Military Plan For Africa Will Be For A Long Duration, Says Harjit Sajjan

    Back To School Spending Is 'Economy Insensitive' And Set To Grow, Experts Say

    Back To School Spending Is 'Economy Insensitive' And Set To Grow, Experts Say
    Retail experts are forecasting an increase in Canadian back-to-school spending this summer thanks in part to the low loonie and the new Canada Child Benefit. 

    Back To School Spending Is 'Economy Insensitive' And Set To Grow, Experts Say

    My Mom Is Funnier Than Me And The Strongest Person I Know: YouTube Star Lilly Singh

    My Mom Is Funnier Than Me And The Strongest Person I Know: YouTube Star Lilly Singh
    This year alone, she's made Forbes' "30 Under 30 Hollywood & Entertainment" list; had cameos in "Bad Moms" and "Ice Age: Collision Course"; announced a book deal

    My Mom Is Funnier Than Me And The Strongest Person I Know: YouTube Star Lilly Singh