Speculation and vacancy tax (SVT) declarations indicate foreign owners, satellite families and those with vacant homes will contribute $115 million to homes for people, and more than 99.8% of British Columbians are exempt.

The Province is providing $110 million to local governments around B.C. for services that British Columbians count on, such as investments in infrastructure, like water and sewer, and services like policing.

Policy changes implemented to help break the cycle of poverty and build a better B.C. for vulnerable citizens will take effect July 1, 2019.

Making life better and more affordable for British Columbians, while building a strong economy, was at the core of government work inside and outside the Parliament Buildings this spring.

On the eve of the second anniversary of the signing of the Confidence and Supply Agreement (CASA), British Columbians are seeing the benefits of a government that puts people first.

Nearly all speculation and vacancy tax (SVT) declarations are complete and the tax is capturing speculators who own homes in B.C. but do not pay tax here.