As part of its 2024/2025 budget, the British Columbia government announced a 20% home flipping tax on the profits of a home, which will apply to homes sold two years or less after purchase. The legislation is expected to pass during the spring session.
I will be watching to see how this plays out. What are your thoughts on this? Should Nova Scotia follow suit?
Read about it here.
Tanya Smyk is a REALTOR® and home stager in the province of Nova Scotia.