Happy Birthday to the Property Transfer Tax

    This week the dreaded BC property transfer tax turns a quarter century old. For those who do not know, the Property Transfer Tax (PPT for short) was a tax brought in by Bill Vander Zalm back in 1987, the same Bill Vander Zalm who looks like a BC hero, who recently helped overturn the HST back to the traditional PST and GST models in BC.

     The tax is 1% of the 1^st $100,000 spent on a home, and 2% on the...