BC Speculation and Vacancy Tax
The speculation and vacancy tax is a key measure in tackling the housing crisis in major urban centres in British Columbia, where home prices and rents have skyrocketed out of reach for many British Columbians.
The provincial government is taking action because people who live and work in B.C. deserve an affordable place to call home.
The speculation and vacancy tax is a part of government's 30-Point Plan to make housing more affordable for people in our province.
This new annual tax is designed to:
Target foreign and domestic speculators who own residences in B.C. but don’t pay taxes here
Turn empty homes into good housing for people
Raise revenue that will directly support affordable housing