Taxes in Real Estate

Understanding the Speculation & Vacancy Tax in BC

Posted on Aug 11, 2024 in Taxes in Real Estate





The Speculation and Vacancy Tax (SVT) in British Columbia (BC) is a tax introduced by the provincial government to address housing affordability issues. It targets property owners who leave residential properties vacant or who are speculating on real estate without contributing to the local economy or housing market. This blog provides a comprehens...

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