BC Should Waive Its 20% Foreign Buyer Tax on New Homes Families Live In
Ottawa wants to let foreign buyers purchase new homes again. In Coquitlam and Port Coquitlam, BC's 20% tax would still apply. I think BC should waive it on brand new homes that families buy to live in, and this post explains why.
Michael Lee · 6 min read
Budget 2026 and Foreign Buyers: What It Means for New Homes in Coquitlam
Budget 2026 proposes to let foreign buyers buy new homes while the ban on existing homes runs to 2029. As of 9 November 2026 it is a proposal with no start date, and BC's 20% foreign buyer tax still applies to a new Coquitlam house.
Michael Lee · 6 min read