The B.C. government could raise billions of dollars annually for public housing projects, with modest increases to taxes on the highest-valued residential properties, says economist
To improve affordable housing, a B.C. economist says the province needs a more progressive property tax system — one that raises levies on high-value properties and people who own multiple homes.
Such a policy, says Alex Hemingway, will raise billions of dollars for public housing projects while simultaneously dampening home price growth over the long term.
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