The Home Owner Grant will continue to cover 92% of residential properties in B.C. with the threshold set at $2.125 million for 2023.

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.

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.

With global inflation still driving costs up, families and small businesses in B.C. will get a one-time cost-of-living credit on their BC Hydro bill this fall, and a new BC Affordability Credit in January.

More businesses will be able to recover and grow through expanded access to the small business tax rate in British Columbia.

Grace Lore, Parliamentary Secretary for Gender Equity, has released the following statement in recognition of Gender Equality Week: