Squamish, Lions Bay, North Cowichan and Lake Cowichan are some of the municipalities where homeowners who leave their homes vacant will have to pay an extra…
The tax — meant to discourage housing speculation and vacant homes in major urban centres — will soon apply to North Cowichan, Duncan, Ladysmith and Lake Cowichan on Vancouver Island and to Lions Bay and Squamish on the Sea-to-Sky corridor.
“After careful consideration and listening to people and community leaders on speculative real estate concerns in their communities, we’re expanding the tax to these additional areas that are facing intense housing pressures.”Article content The move to expand the tax to the smaller communities was based on an independent report that found these communities were experiencing housing pressures due to their exempt status and proximity to taxed communities.
Robinson said Whistler’s status as a vacation resort community meant it had “unique” housing challenges. The ministry is monitoring housing in Whistler and other resort communities and will use other tools to help tackle its housing issues, she added.
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