MIKE DE JONG

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MIKE DE JONG,Legislative Assembly of British Columbia
Minister of finance
LEGISLATIVE ASSEMBLY OF BRITISH COLUMBIA

Anyone who didn’t know who Mike de Jong was when 2016 started certainly knew by the end of July, when the British Columbia finance minister and government house leader unveiled a bill that would impose a 15% tax on foreign buyers in Vancouver – the first measure introduced to address controversial foreign buying practices in the city and cool off its overheated housing market. “While investment from outside Canada is only one factor driving price increases, it represents an additional source of pressure on a market struggling to build enough new homes to keep up,” de Jong said when introducing the bill. “This additional tax on foreign purchases will help manage foreign demand while new homes are built to meet local needs.”
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