The Speculation and Vacancy Tax

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In the wake of soaring prices and record migration, we’re taking on important work to help people find good homes in B.C., and the speculation tax is one of the ways we’re ensuring people have access to much-needed homes in their communities

Quick Facts: 

  • If owners are not exempt, they will need to pay their assessed amount by July 4, 2023, to avoid a 10% penalty and interest.
  • Since 2018, the tax has raised more than $313 million to help fund new, more affordable types of housing in SVT communities.

Learn more here.