BC Gov New action plan delivers more homes for people, faster
Real Estate 101
BC Annual Property Taxes must be paid annually for each owned property, including manufactured homes.
PTT is a provincial tax imposed when there is a change of ownership of real estate property in British Columbia.
The Government of Canada has introduced an underused housing tax on the ownership of vacant or underused housing in Canada.
The City of Vancouver implemented the Empty Homes Tax (EHT) with the goal of re-purposing empty properties into long-term rental homes for residents of Vancouver.
The BC Speculation and Vacancy Tax aims to convert empty homes into housing for residents and ensure fair contributions from foreign owners and those with primarily foreign income to B.C.’s tax.
At times, a property owner may construct a wall, fence, walkway, or structure that partially encroaches upon adjoining property.
B.C. is facing a housing crisis, with a shortage of all forms of attainable housing, including long-term rentals.