Re: Town hall meeting - call to action
Isn’t this fear mongering? How can one know what the result of this speculation tax will be?
Perhaps it will encourage vacant properties to become available to rent. Or encourage part-time residents to sell, hopefully to those who are interested in living here full-time, thus paying not only property tax, but their income tax to the province of British Columbia and supporting local businesses full time for all their goods and services. It would seem to me that this speculation tax would help, in the least, to make up for the taxes we are not presently receiving from these absentee or part time residents.
I continue to be puzzled by politicians and other residents who seem more concerned with the interests of absentee owners and residents who view their properties as investments or places of convenience. Aren’t the rest of us just subsidizing the cost of the infrastructures and amenities they come to expect and enjoy?
Janice Davis
Oak Bay