Only 2,357 homes were sold this June in the Central Okanagan, said the Okanagan Mainline Real Estate Board. That is 415 fewer homes than the same time last year.
The decline may not seem detrimental, but its effects are far reaching said Cassidy deVeer, president of the Canadian Home Builders香蕉视频直播� Association Central Okanagan (CHBA-CO).
香蕉视频直播淭here is a ripple effect when sales and new homes are postponed or cancelled,香蕉视频直播� deVeer said. 香蕉视频直播淚t香蕉视频直播檚 not just the home builders, but all those who service and supply the industry.香蕉视频直播�
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香蕉视频直播淎 flooring supplier representative told me yesterday that his residential sales are way down,香蕉视频直播� she said, and based on a new report, it is noticeable there is a direct impact on government revenues.
The report, commissioned by the BC Chapter of CHBA, studies the benefits new home construction offers government. It was not publicly released until now. The report revealed that one new home built and sold in the Central Okanagan raises more than $94,000 in revenues split by the three levels of government.
香蕉视频直播淗ousing affordability is an issue we hear about often and it香蕉视频直播檚 a top concern of all Canadians,香蕉视频直播� deVeer said. 香蕉视频直播淲hen buyers hear their homes include more than $94,000 in tax, you get their attention quickly.香蕉视频直播�
The report looked at both fees and taxes directly levied on the construction and sale of new homes and additional revenues generated through income taxes and taxes on the construction materials. Provincial sales taxes generated by the purchasing of materials was also included, but the report did not take into account the Energy Step Code charges.
In order to better inform the public before the upcoming federal election, CHBA launched an awareness campaign on housing affordability.
The website summarizes factors affecting affordability while informing Canadians on issues with home ownership.
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Caitlin.clow@kelownacapnews.com
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