Speculation And Vacancy Tax

• Details on B.C.’s new home-flipping tax released

  The measure will put a 20 per cent tax on profits for homes sold within the first year of purchase, sliding to zero per cent over the second year.

  Politics

  Feb 26, 2024
  
• B.C. expands speculation and vacancy tax in Vancouver Island, Howe Sound

  British Columbia is expanding the tax it created to clamp down on real estate speculation and ensure homes in rental-strapped communities don't sit empty.

  Politics

  May 26, 2023
  
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• Community ‘collapsing’ say some Salt Spring Islanders, in appeal for vacancy tax

  Faced with a housing crisis, some island residents are angry the province didn't include the community when it expanded the area covered by its empty homes tax last week.

  Canada

  Jul 28, 2022
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• British Columbians now form biggest bloc of speculation taxpayers

  B.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 14, 2021
• Group of homeowners launch legal challenge against B.C.’s speculation tax

  The 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
• Online house-sitting service exposes possible loophole in Vancouver’s foreign buyers tax

  The Craigslist ad offers house-sitting services to people looking to avoid the 15 per cent extra tax.

  Mar 27, 2019
• Poll finds strong support for B.C. speculation tax but little confidence it will help affordability

  Nearly 70 per cent of respondents backed the controversial tax, but only 39 per cent thought the NDP's tax plans would be effective on affordability.

  Economy

  Mar 20, 2019
• UBC professor frustrated after being told he must pay speculation tax for second home

  Dr. Stanley Coren estimates that he spent 48 weekends last year in the Chilliwack home he's owned since 1991, and his wife is there even more frequently.

  Canada

  Jan 28, 2019