Speculation and Vacancy Tax · BC
BC Speculation and Vacancy Tax Calculator
For 2026, the BC speculation and vacancy tax is 1% of assessed value for most Canadians and 3% for foreign owners, unless an exemption applies.
Speculation and Vacancy Tax
2026 tax year, taxable regions of BC
- Rate 1.0% of assessed value
- $11,000
- · From 2026: 1% for Canadian citizens and permanent residents not in a satisfactory worldwide earnings group, 3% for foreign owners and untaxed worldwide earners.
- · Every owner in a taxable region must file a declaration each year, even if exempt.
- · Confirm your exemption with the Province of BC.
How it works
The tax applies to residential property in designated BC regions, including Metro Vancouver and much of the Fraser Valley. Your principal residence and homes rented to an arm's-length tenant for at least six months of the year are usually exempt.
Every owner in a taxable region must file a declaration each year, even when no tax is owed.
Common questions
Do I have to declare if I live in my home?
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Yes. You declare and claim the principal residence exemption.
What changed for 2026?
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The rate rose to 1% for Canadians and 3% for foreign owners and untaxed worldwide earners.
When is the declaration due?
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Declaration letters arrive in February and are due by March 31.
Sources: Province of BC: Speculation and vacancy tax
Written and reviewed by Mani Garcha, REALTOR® with Royal LePage Wolstencroft Realty. Last reviewed November 2026. Guidance only, not legal or tax advice.