Josh Gordon: Speculation tax is essential for housing affordability

The announcement of a “speculation tax” in the provincial budget has generated considerable debate in the media. One initial concern was that the tax might apply to cabins in rural or vacation areas, such as the Gulf Islands or Parksville. Others wondered about the fairness of taxing vacant second homes in urban areas, if they were being used part-time by individuals undergoing medical treatment.
These concerns have now been addressed. The NDP clarified last week that only the main u