According to an update from the Government of British Columbia, Canada, the speculation and vacancy tax rates will be increased from 2% for foreign owners and 0.5% for Canadian citizens/residents to 3% and 1%, respectively, from 2026.
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Tax rates for the speculation and vacancy tax
Last updated on June 12, 2025
The speculation and vacancy tax rate varies depending on the owner’s tax residency. In addition, the tax rate varies based on whether the owner is a Canadian citizen or permane…