Recently, the Globe and Mail printed an article written by Josh Gordon, who is an assistant professor at Simon Fraser University School of Public Policy. The subject matter was in reference to the new 15% land transfer tax for foreign buyers in Vancouver. I have gone on record on several occasions about this tax being a terrible idea. It is going to be a construction job killer and a possibly an instigator of a national recession.
I have reprinted Mr. Gordon’s articles with my comments below each section of the article.