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Canadian Vacancy Tax Update

Real estate prices have increased rapidly over the last decade putting pressure on communities to provide housing solutions for families.  More jurisdictions are implementing taxes to turn vacant homes into rental properties.  This blog summarizes recent changes to these taxes. Federal Announced in the 2021 budget, the Canadian federal Underused Housing Tax applies a 1% […]

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British Columbia Speculation and Vacancy Tax

January 28, 2019

Owners of BC residential property need to be aware of the new 2018 British Columbia Speculation and Vacancy Tax affects and how to apply for exemptions. To prevent housing speculation in British Columbia and help turn vacant homes into rentals in its overheated market, the BC provincial government recently implemented the BC Speculation and Vacancy […]

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