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.

B.C. public-sector unionized employees with ratified collective agreements will receive the maximum cost-of-living adjustment (COLA) for their year 3 wage increase.

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

British Columbia’s economic and fiscal plan remains stable in the face of a slowing global economy and high interest rates as the Second Quarterly Report forecasts a lower deficit than in the previous fiscal update.