BC Budget 2026 lacks measures to address the looming decline in new home construction.
Posts tagged with “Speculation and Vacancy Tax”
At BCREA’s 2025 Government Liaison Days conference, BC Premier David Eby said his government will aim to harness the investor spirit to further their affordable housing goals.
With the BC election less than two weeks away, BCREA is calling for major housing tax reform aimed at increasing affordability and fairness in the province.
The provincial government has introduced several pieces of housing legislation aiming to fulfill the Homes for People plan priorities.
On June 9, 2022, the federal government enacted the Underused Housing Tax. While REALTORS® do not assume direct responsibility, they can help inform their clients of their tax filing obligations.
While all BC markets experienced sharp declines since 2018, the Speculation and Vacancy tax is estimated to have reduced home sales in taxable regions in BC by an additional 12.5 per cent compared to non-taxable…
BCREA was pleased to see more details of the proposed speculation tax…
BCREA calls on the government to introduce transitional rules for all transactions impacted by the new tax measures introduced in Budget 2018…