People with residential properties in some areas with the highest demand in the province will soon receive their 2023 speculation and vacancy tax (SVT) declaration letter.

Like other jurisdictions, B.C. is expected to see slower economic growth through 2023 because of global inflation and higher interest rates, before steady growth resumes in the medium term, according to projections from private-sector forecasters.

British Columbia remains well-positioned to continue supporting people and navigating emerging global economic headwinds with an improved second-quarter fiscal update.

Premier David Eby and Grace Lore, Parliamentary Secretary for Gender Equity, have released the following statement in advance of International Day for the Elimination of Violence Against Women:

On National Housing Day, the Province is releasing data that shows the speculation and vacancy tax (SVT) continues to turn empty units into homes and support the creation of additional affordable housing.

The first-of-its-kind Land Owner Transparency Registry is a step closer to supporting transparency in B.C.’s real estate market with a November deadline for pre-existing owners to file.

Grace Lore, Parliamentary Secretary for Gender Equity, has released the following statement in recognition of Equal Pay Day:  

British Columbia is well-positioned to support people through emerging global economic headwinds with preliminary numbers showing an improved fiscal forecast.

The Province’s year-end Public Accounts show B.C. had a strong fiscal result last year, bolstered by a faster-than-expected economic recovery as government made record investments to support British Columbians.