British Columbia expands its Speculation and Vacancy Tax to 13 Okanagan and Shuswap communities starting 2025.
British Columbia will expand its Speculation and Vacancy Tax (SVT) to 13 communities in the Okanagan and Shuswap regions starting in 2025. The tax targets unoccupied residential properties, aiming to encourage owners to rent or occupy them. This expansion marks the first time the SVT will be applied outside of Metro Vancouver and the Fraser Valley, including towns like Vernon, Penticton, and Kamloops.
3 months ago
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