Ministry of Finance Tax Information Sheet REVISED: March 2018

Speculation Tax Urban centres throughout the province are in a housing crisis. Rents and home prices have surged past local incomes and, in many communities, vacancy rates sit close to 0%. Speculation has contributed to runaway prices and made it difficult for British Columbians to find a home they can afford. This is hurting peop ...

After reaching record levels in 2015 and 2016, Metro Vancouver home sales returned to more historically normal levels in 2017. Sales in December, however, still showed and increase of 17.6% over December 2016.

Last year’s sales total was 9.7% above the 10-year sales average and last year’s listings total was 4.4% below the 10-year listings average.

The benchmark price for a detached home in ...