The province is expanding the speculation and vacancy tax to more municipalities in an effort to turn empty units into homes, B.C.’s finance minister announced Wednesday.

The 13 additional communities bring the total municipalities subject to the tax to 59.

“With so many people struggling to find secure housing, we have to keep taking action – we can’t afford to pull back. The speculation tax is one of the ways we can help increase affordable housing options for people and communities,” Finance Minister Katrine Conroy said in a release.

The speculation and vacancy tax will soon apply to the following municipalities:

• Vernon • Coldstream • Penticton • Summerland • Lake Country • Peachland • Courtenay • Comox • Cumberland • Parksville • Qualicum Beach • Kamloops

  • FiveMacs
    11·
    7 months ago

    Tax won’t do shit…the rich will just pay it and increase rent by whatever.