Speculation and vacancy tax

The B.C. government announced the expansion of areas where the speculation and vacancy tax applies.

The speculation and vacancy tax is an annual tax based on how owners use residential properties in major urban areas in B.C. 

Everyone deserves an affordable place to call home, yet house prices and rent have skyrocketed out of reach for too many people. The provincial government is taking action to address this crisis through the annual speculation and vacancy tax, which will contribute towards:

• Turning empty homes into good housing for people who live and work in B.C.
• Supporting affordable housing initiatives

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