The 13 additional communities bring the total municipalities subject to the tax to 59.
“With so many people struggling to find secure housing, we have to keep taking action – we can’t afford to pull back. The speculation tax is one of the ways we can help increase affordable housing options for people and communities,” Finance Minister Katrine Conroy said in a release.
The speculation and vacancy tax will soon apply to the following municipalities:
• Vernon • Coldstream • Penticton • Summerland • Lake Country • Peachland • Courtenay • Comox • Cumberland • Parksville • Qualicum Beach • Kamloops
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Tax won’t do shit…the rich will just pay it and increase rent by whatever.