Speculation Housing and Vacancy Tax in Rural Communities

Whereas the provincial Speculation and Vacancy Tax was introduced to address housing affordability in communities facing housing challenges by discouraging property speculation and vacant homes; And whereas each community experiences unique housing challenges, including a limited rental market, housing affordability, seasonal property use, and the economic reliance on part-time residents, which makes a one size fits all model inappropriate in many of our communities: Therefore be it resolved that UBCM petition the provincial government to ensure all local governments have the authority to opt in to the Speculation and Vacancy Tax program based on housing availability and community needs.