Kristina Eng  BA  MA  MCNE  CIPS

Your Residential and Investment Specialist

Today, the Government of BC released more details regarding the new Speculation Tax. Essentially, the speculation tax will apply to:
  • Metro Vancouver
  • The Capital Regional District (excluding the Gulf Islands and Juan de Fuca)
  • Kelowna and West Kelowna
  • Nanaimo-Lantzville
  • Abbotsford, Chilliwack and Mission

In 2018, the tax rate for all properties subject to the tax is 0.5% of the property value. 

In 2019 and subsequent years, the tax rates will be as follows:

  • 2% for foreign investors and satellite...
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