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Over 99 percent of people in British Columbia are exempt from the speculation and vacancy tax. The Speculation and Vacancy Tax was created by the Provincial Government and is part of the government’s 30-Point Plan on Housing Affordability to make housing more affordable for the people in BC.
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  • The list of exemptions is long, we will focus on the.

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    For 2019 and onwards, the speculation and vacancy tax rate will vary, depending on your residency and where you pay income tax: 2% for foreign owners and satellite families.

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  • The speculation and vacancy tax has helped return vacant housing back into the market to be used as homes in core urban centres that, at the time of implementation, were experiencing near-zero vacancy rates and housing prices that were disproportionately high compared to local incomes.

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  • Speculation and Vacancy Tax Act.

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    198/2022] Contents; 1: Definition: 2:.

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