Warning: call_user_func_array() expects parameter 1 to be a valid callback, class 'AGPressGraph\manipulator' does not have a method 'httpsCanonicalURL' in /home/cfnrfm/public_html/wp-includes/class-wp-hook.php on line 286
Latest Headlines
Home / 2018 / Provincial government addresses speculation tax at UBCM convention
Provincial government addresses speculation tax at UBCM convention

Provincial government addresses speculation tax at UBCM convention

Representatives from the provincial government addressed concerns over their housing speculation tax at the Union of BC Municipalities’ annual convention yesterday.

The tax, which is expected to generate more than 200 million dollars annually, targets foreign speculators and owners of multiple vacant homes in larger urban centres.

According to the provincial reps, the program is just starting to work, with vacant condo rates showing signs of flatlining.

The government claims that the tax will stop speculators from being able to drive up housing costs, hence creating more affordable rent.

4 out of every 5 British Columbians support the tax, according to August polls.

About Jeff Blagden

News Reporter/ Anchor. Originally from Hamilton, Ontario, Jeff has a background in sports journalism, and radio hosting. He comes most recently from his post as a morning show host in Chetwynd.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: