Tax revenue from B.C.'s sizzling housing market helped the province post a $730 million surplus during the last fiscal year, the province's finance minister has confirmed. "It is clear that property transfer tax revenues are up," said de Jong on Thursday in Victoria. In total the property transfer tax brought in $1.53 billion for the government, $605 million more than budgeted, said de Jong. That's an increase of 44 per cent over the previous year, and it all went a long way toward helping the government table the $730 million surplus, he noted.
from Narinder Bains Personal Real Estate Corporation http://ift.tt/2ayLoCF
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