The BC Speculation and Vacancy Tax requires homeowners who are not exempt to pay up to 2% of their property’s assessed value in taxes each year. To put this into perspective, an owner of a property worth $500,000 may have to pay up to $10,000 in taxes every year if they are not exempt.

Generally, if the homeowner does not live in their property for the majority of the year, there’s a likelihood that they are not exempt.

Fortunately, each property in Harrison Ridge is exempt from the BC Speculation and Vacancy Tax!

This is because Harrison Ridge is not located in a taxable region of the BC Speculation and Vacancy Tax. Therefore, homeowners of Harrison Ridge have more flexibility in what they choose to do with their property.

For more information related to the speculation and vacancy tax, click here.

Do not hesitate to contact us,+1 844-432-7444 or info@harrisonridge.ca, if you have any questions.