BC Extends Reach of Property Tax Aimed at Turning Empty Houses Into Rental Homes

BC Extends Reach of Property Tax Aimed at Turning Empty Houses Into Rental Homes
The West End is seen on the mountain-backed skyline of Vancouver, British Columbia, Canada on Sept. 30, 2020. Reuters/Jennifer Gauthier/File Photo
The Canadian Press
Updated:
0:00

British Columbia is expanding the tax it created to clamp down on real estate speculation and ensure homes in rental-strapped communities don’t sit empty.

A statement from the Ministry of Finance says the Speculation and Vacancy Tax now includes the municipalities of North Cowichan, Duncan, Ladysmith, Lake Cowichan, Lions Bay and Squamish.