B.C. government introduces legislation on speculation tax

VICTORIA — B.C.’s New Democratic government dug in its heels on the contentious real estate speculation tax Tuesday, moving forward to bring it into law despite the protests of local mayors and a development community that warned it could cause more affordable housing problems than it will solve.
Finance Minister Carole James introduced enabling legislation for the tax, eight months after it was first announced in February’s provincial budget. It will levy a surcharge on vacant