Thursday, April 06, 2006

Conservative Platform Will Bode Well for People Wanting to Buy Real Estate in Canada

BC Real Estate Association, or BCREA, President Dave Barclay says creative thinking on the part of government helps keep housing affordable...and he says the Conservative proposal to slash the GST to 5% is an example of that creative thinking.

According to the association, the first phase reduction, which would bring the tax down by 1%, would save homeowners $1,000 on every $100,000 of market value on a new home.
The BCREA also cites eliminating capital gains tax and the protection of property rights as planks from the Conservative platform that may encourage investors to buy real estate.


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