Bc Speculation Tax
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B.C. government extends real estate speculation tax to Squamish and DuncanThe changes also include a speculation and vacancy tax in North Cowichan, Ladysmith, Lake Cowichan and Lions Bay. Metro Vancouver and Victoria are already included in the tax.PoliticsJul 20, 2022
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B.C. man says he’s being unfairly charged speculation tax on home he’s lived in for over 20 years"I think that anyone who looked at this with an objective eye can see that, clearly, I don't fall under the circle of what they were trying to achieve," Tony Chan said.NewsNov 2, 2021
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British Columbians now form biggest bloc of speculation taxpayersB.C. Premier John Horgan says the tax has been "successful," despite new data that shows British Columbians now form the largest bloc of people paying it.Jan 15, 2021
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Group of homeowners launch legal challenge against B.C.’s speculation taxThe petition filed in B.C. Supreme Court Thursday argues the tax is unconstitutional, and that collecting revenue from the tax is beyond the powers of the provincial government.Sep 26, 2019
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B.C.’s speculation tax brings in $115M, mostly from owners outside provinceThe completed forms showed 80 per cent of those paying the tax are foreign buyers and satellite families.CanadaJul 11, 2019
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How government policies are impacting B.C.’s real estate market for better or worseIn B.C., economists estimate nearly $89.2 billion in equity was wiped off the map between April 2018 and April 2019.CanadaJun 25, 2019
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B.C. reports high returns on speculation tax forms, 99 per cent will not pay taxOwners not exempt from the tax must pay their assessed amount by July 2.May 17, 2019
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B.C. tells homeowners how they can exempt themselves from the speculation taxThe B.C. government is requiring all British Columbians who live in an area with the speculation and vacancy tax to opt out of tax.PoliticsJan 16, 2019
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In Oak Bay, realtors opposed to new housing taxes to hold town hall on ThursdayA Victoria-area realtor says non-resident owners are "just packing it up and leaving,"PoliticsJun 27, 2018
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Vancouver home sales fell twice as fast as a bank thought they would after BC NDP’s new taxesPrices dropped too. But a bank noted that they held up "relatively well."ConsumerApr 4, 2018
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