Maybe somebody out there can help me figure this out.
The new NDP speculators tax in Kelowna and West Kelowna will drive down housing prices in that area, that I understand. Won’t the people that were planning on investment/vacation properties in that area simply invest in outlying areas (ie Penticton) thus driving up prices in those areas?
If this tax is expanded to Penticton, won’t the speculators/vacation property owners move outside the new boundaries? Just wondering.
George Murai
Penticton