What’s all the fuss about the Speculation Tax? Does it apply to you? Will it affect you or the sale of your home?
Here’s a helpful visual. The Speculation Tax has created a lot of conversation- the government feels that it is a positive step to free up housing in the urban centres of Greater Vancouver, Kelowna, West Kelowna, Nanaimo, Latzville, Abbotsford, Chilliwack, and the Mission. The residents of these areas may not feel the same way. The visual chart will help you understand if and when you might pay this tax.