Check out CBC’s article about the effects of new real estate taxes. It appears that the outcome of these taxes is not more affordable housing. Hopefully, the government re-evaluates their perspective.

CBC News | Mike Laanela

Factors designed to cool market are actually pushing up prices at the lower end. While there may be more signs of cooling in Metro Vancouver’s housing market, experts say significant relief is unlikely for shoppers at the market’s lower end.

Read the full article here.