Speculation and Vacancy Tax

Whereas the Government of British Columbia introduced the Speculation and Vacancy Tax to address housing availability by incentivizing the utilization of vacant properties for the benefit of BC residents; And whereas the provincial government continues to expand the Speculation and Vacancy Tax program to include additional communities, promoting increased affordable housing stock across the province: Therefore be it resolved that UBCM advocate for the provincial government to grant BC municipalities the option to opt into the Speculation and Vacancy Tax program, specifically targeting properties that have been vacant for two or more years.