StatsCan reports 2.8% of homes sold in the province had been owned for less than a year from 2019 to 2021
CBC NewsRafferty BakerHome flipping has been a focus for policy makers in recent years, with both the federal and B.C. governments introducing tax measures to reign it in — all in the name of trying to address housing affordability.
But how significant is the issue, and to what degree does it contribute to the housing crisis in the province?
New data from Statistics Canada sheds some light on home flipping, focusing on the period from 2019 to 2021.
According to the report released Tuesday, 2.8 per cent of homes sold i…
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