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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.
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.
B.C.’s new LNG Framework to deliver record investment, world’s cleanest LNG facility
Government to take action on price-gouging scalpers and ticket bots in B.C.
Honouring the Chinese community in Victoria
Throne speech outlines a clear path to make life more affordable
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