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House Hansard - 60

44th Parl. 1st Sess.
April 28, 2022 10:00AM
Context: House Hansard - 60 - Apr/28/22
Mr. Brad Vis (Mission—Matsqui—Fraser Canyon, CPC)
  • Apr/28/22 4:12:53 p.m.
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  • Re: Bill C-8 
Madam Speaker, Bill C-8 talks about an underused housing tax act. The recent budget, in conjunction with Bill C-8, talked about implementation of the underused housing tax act. Indeed, this is something we have in British Columbia already, but I would be remiss if I did not point out the obvious gaps included in the act, including the fact that under this new law, foreign students would still be able to purchase real estate in British Columbia. Anyone in the House who has followed the news in British Columbia knows that many students with wealthy offshore parents have used that to get massive gains when Canadians have been priced out of the market. Why did the Liberals provide an exemption for foreign students to continue purchasing real estate when so many British Columbians cannot do so themselves?
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