Vancouver “Foreign Buyer” EXPOSED 3 Years After Purchase

If you are thinking about trying to find a loop hole in Canada's foreign buyer ban or BC's foreign buyer tax, JUST DON'T!

Recently Surrey real estate specialist and REALTOR® Steve Karrasch or Macdonald Realty caught wind of a Vancouver foreign buyer getting smacked with a $328,000 bill, 3 years after they bought a property. How did they get caught? This video explores the way real estate titles are registered as joint or common tenancies and how some foreign buyers are trying to circumvent BC's foreign buyer tax. Enjoy!

#canadaforeignbuyer #vancouverrealestate #canadahousing

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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.