The provincial government has introduced several pieces of housing legislation aiming to fulfill the Homes for People plan priorities.
Posts tagged with “Speculation and Vacancy Tax”
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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.
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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…
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BCREA was pleased to see more details of the proposed speculation tax…
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BCREA calls on the government to introduce transitional rules for all transactions impacted by the new tax measures introduced in Budget 2018…