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    The Institute encourages wise and efficient land use planning and progressive development practices

Position: UDI on New Taxes Negatively Impacting Affordability

The Mayor of Vancouver, Gregor Robertson, recently requested that the Province increase the Property Transfer Tax (PTT) on luxury homes, and introduce a speculation tax “… to discourage the quick resale or ‘flipping’ of new housing…”. The request was rejected by Premier Clark, but the issue has been widely debated in the press. Many are concerned about the impact of foreign investment on housing prices.