As British Columbians we need to make housing more affordable, but that can’t be done by piling on taxes. The new government campaigned on stopping the real speculators but instead they ended up targeting the taxpayers of British Columbia and Canada.
Demand Premier Horgan scrap the Speculation Tax.
Speculation is hurting our province. But instead of targeting the real speculators who buy and flip properties, this tax targets long-term homeowners, including many tax-paying British Columbians and out-of-province residents. The tax is unfair. Scrap the tax.
Hardworking Canadians and British Columbian taxpayers who own a seasonal or retirement property could see your taxes increase by 1% of the value, every year.
Vacant development land that will be used for future housing will be taxed. These new taxes will be passed onto buyers and renters.
Communities outside of Vancouver, from Nanaimo to Kelowna, that rely on the tourism industry will be crushed by this unfair tax.
This tax increase will be felt locally. Regions like the Okanagan and South Island that have spent decades building local tourism will face layoffs and economic squeezes as taxes place burdens on communities and employers. Stand up for our local economies.
This speculation tax has only created uncertainty since it was introduced. It will damage local economies and make the affordable housing situation worse – without even targeting the real housing speculators. The government got it wrong. Tell them to scrap the tax.
Mayor of West Kelowna
Broker/Owner of Royal LePage Kelowna
Mayor of Langford