BC Speculation Tax

I am a retired Canadian citizen and have owned our townhouse in Metro Vancouver which we use as a vacation home for over 14 years. We spend 5 months of the year in our townhouse. BC is not our legal residence.  Our strata/townhouse association bylaws and regulations do not allow:

rentals of any kind

owners must be 45 years old

no children or persons under 25 years of age can reside in the complex.

My question is: Will our townhouse be exempt from the proposed BC Speculation Tax? I’ve read articles from the Vancouver Sun that stratas that prohibit rentals are exempt.

Your reply will be appreciated.


Investor Asked on June 5, 2019 in Real Estate.
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