The expansion of the Speculation and Vacancy Tax will help eliminate speculative real estate practices and turn empty units into homes for people in additional communities in B.C. struggling with housing affordability.

A new tax credit will make energy retrofits for multi-unit residential and commercial buildings more affordable, saving owners 5% on retrofits to help reduce their energy use.

B.C.’s speculation and vacancy tax (SVT) helped make homes more affordable in the SVT areas of the province, based on independent analysis by Tsur Somerville and Jake Wetzel.

People in British Columbia are asked to share their ideas and priorities to help make life better for people, businesses and communities as government plans Budget 2023.

Premier John Horgan; Murray Rankin, Minister of Indigenous Relations and Reconciliation; and Grace Lore, Parliamentary Secretary for Gender Equity, have issued the following statement in support of Moose Hide Campaign Day:

Amendments to the Property Law Act introduced on Monday, March 28, 2022, will enable the creation of a new Homebuyer Protection Period to protect people buying a home in a challenging real estate market.