Andrey Pavlov on Housing Taxes
Do taxes increase the supply of housing?
Andrey Pavlov, Professor of Finance at Simon Fraser University, tells us about the impact of housing taxes on supply.
Pavlov specializes in real estate finance and his research focuses on commercial and residential real estate markets.
Speculation and vacancy taxes have reduced affordability, so home sales are down, especially for the low-end "affordable" apartments. More taxes should mean declining prices, but this is not happening.