For the past few months, the City of Vancouver has been conducting audits to verify the 2017 vacancy tax declarations filed by owners under the City’s Vacancy Tax By-Law No. 11674. Observers of the tax, which is unique in Canada, have…
A few months ago, BC announced a new “speculation tax” that will apply to certain residential properties in the province. The tax is intended to capture foreign and domestic speculators, “satellite families” who live in BC but pay little BC…
The BC government has proposed to introduce a new residential realty tax, taking effect this year. While BC has provided a general overview of the new tax by way of information sheets and public announcements, the government has yet to…
If you thought Vancouver’s vacancy tax (or “empty homes tax”) was a problem only for absentee condo owners, think again. A flaw in the scheme of the tax makes it a serious risk for virtually anyone who buys a home…