PULSE E66 : 🚨 BC’s Speculation & Vacancy Tax is Increasing! 🚨

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If you own a vacant property, this is a big change you need to know about!

🏡 What’s Changing?
📌 Introduced in 2018 at 0.5% of a property’s assessed value
📌 In 2019, rates shifted to 0.5% for most Canadians and 2% for foreign owners & untaxed worldwide earners
📌 Starting January 1, 2026 → The tax DOUBLES to 1% for Canadian owners and 3% for foreign & untaxed worldwide earners

📅 Since this tax applies to the full previous calendar year, the increased rates will first be payable in 2027.

The Province expects to generate $47 million in extra tax revenue—but will this actually make housing more affordable? 🤔

Let’s discuss how this impacts you and explore the best strategy for your property. 💡

Check our website for Home Buying, Selling, and Market Updates!

🏡www.brgremax.com/🚀

#RealEstate #BCHousing #VacancyTax #SpeculationTax #MarketUpdate #PulseByTeamBRG #RemaxAgent #Vancouver #Vanre #Burnaby #NewWest #Surrey #Langley #RemaxApproved #RemaxCommunity #Remax #BhayanaRealEstateGroup #SellWithUs #ListWithUs #BuyWithUs #BuyersMarket #RealEstate #RemaxHustle #RemaxCollection #RemaxCanada #BRGRE

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RYD date created : 2025-03-13T18:09:43.373309Z
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