{"id":755,"date":"2026-10-26T10:00:00","date_gmt":"2026-10-26T10:00:00","guid":{"rendered":"https:\/\/www.lmrealestate.ca\/blog\/?p=755"},"modified":"2026-10-26T10:00:00","modified_gmt":"2026-10-26T10:00:00","slug":"british-columbia-targets-empty-unsold-condos","status":"publish","type":"post","link":"https:\/\/www.lmrealestate.ca\/blog\/2026\/10\/26\/british-columbia-targets-empty-unsold-condos\/","title":{"rendered":"British Columbia Targets Empty Unsold Condos"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/ravi-chadha\/bc-ndp-condo-remotion-videos-769d\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>A provincial leader proposed taxing unsold BC condos left empty for &gt;1 yr, arguing the move would improve affordability if the party returned to power.<br \/>\nThe proposed levy would have started near ~2% and climbed ~1% yearly for continued vacancies, with the campaign saying it could unlock ~5K condos.<br \/>\nA data firm estimated thousands of unsold, empty new units across Metro Vancouver were worth $4.4B, a figure used to support the affordability case.<br \/>\nReaction was mixed: one expert questioned whether the measure would change behavior or raise revenue, while an industry economist warned about financially stressed developers.<br \/>\nThe same platform also proposed raising BC&#039;s speculation and vacancy tax to ~2% for domestic owners and ~5% for foreign owners in eligible areas.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A provincial leader proposed taxing unsold BC condos left empty for &gt;1 yr, arguing the move would improve affordability if the party returned to power. The proposed levy would have started near ~2% and climbed ~1% yearly for continued vacancies, with the campaign saying it could unlock ~5K condos. A data firm estimated thousands of [&hellip;]<\/p>\n","protected":false},"author":230,"featured_media":756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/users\/230"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/comments?post=755"}],"version-history":[{"count":1,"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/755\/revisions"}],"predecessor-version":[{"id":777,"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/755\/revisions\/777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/media\/756"}],"wp:attachment":[{"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/media?parent=755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/categories?post=755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/tags?post=755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}