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.

British Columbia’s continued stable credit ratings show that key stakeholders in the financial community validate the Province’s financial plan for investing in the services people need and building a strong, sustainable future for B.C.

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.

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.

As people across the globe join together to honour and celebrate International Women’s Day, B.C. is set to begin consultations on new pay transparency legislation.

Premier John Horgan; Hli Haykwhl Ẃii X̱sgaak, Melanie Mark, MLA for Vancouver-Mount Pleasant; Grace Lore, Parliamentary Secretary for Gender Equity; and Murray Rankin, Minister of Indigenous Relations and Reconciliation, have issued the following statement to acknowledge the annual Women’s Memorial March:

The Province and Union of BC Municipalities will work together to review the local government finance system in B.C.  to ensure that municipal governments and regional districts remain resilient in the face of economic changes.

Residential property owners in designated taxable regions must complete an annual declaration for the speculation and vacancy tax (SVT).