Legislation > Box 29 – Row 1 > Tackling speculation in the housing market

Speculation and Vacancy Tax Act

The Speculation and Vacancy Tax Act will help address the housing crisis in B.C. and help make life more affordable for people. By levying the highest tax rate on foreign owners and satellite families, the new tax targets those with limited social and economic ties to the province. Ensuring the majority of B.C. homeowners will not pay the tax.
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