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How big of a deal is home flipping in B.C.?

StatsCan reports 2.8% of homes sold in the province had been owned for less than a year from 2019 to 2021

CBC NewsRafferty Baker

Home 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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Read the full story on the CBC website

How big of a deal is home flipping in B.C.?

SOURCE www.cbc.ca

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CBC NewsRafferty Baker, Posted: Nov 28, 2024 8:00 AM EST | Last Updated: 15 minutes ago
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