B.C. is taking action to target housing speculation to make sure more people can find an affordable home in the communities where they live and work.

Investigating and accessing information about land ownership in B.C. is about to get easier for law enforcement agencies, journalists and researchers with the elimination of search fees for the Province’s Land Owner Transparency Registry (LOTR).

Homeowners in designated taxable municipalities covered by the speculation and vacancy tax will soon receive their annual declaration letters, as part of the Province’s work to fight real estate speculation and deliver more homes to people.

This week, more than two million families and individuals will receive their third quarterly Climate Action Tax Credit payment.

The homeowner grant will continue to cover 92% of homes with the threshold set at $2.15 million for 2024.

The speculation and vacancy tax is helping turn empty units into homes and creating affordable housing in communities throughout the province, new data confirms.