Kelowna Mayor Colin Basran says he plans to raise the issue of the new Speculation Tax with B.C Premier John Horgan. —Image: Carli Berry/Capital News

Kelowna’s mayor says he’ll talk to B.C.’s premier about speculation tax

Colin Basran is reiterating his concern about “unintended disastrous consequences”

Kelowna’s mayor says he plans to take the city’s concerns about the province’s new speculation tax right to the top.

After first saying last week the unintended consequences of the new tax on his city could be “disastrous,” Basran told his council Monday he plans to talk with Premier John Horgan about the tax. Basran said he has already spoken to B.C. Green Party leader Andrew Weaver about it and plans to talk with B.C. Liberal leader Andrew Wilkinson as well.

“We know it will impact our community, potentially, in a number of ways,” said Basran Monday, reiterating the city is working on a report looking at how exactly the tax will impact the city and what “tweaks” could be made.

In the B.C. budget two weeks ago, the province introduced the new tax which only affects Metro Vancouver, the Fraser Valley, the Victoria and Nanaimo areas on Vancouver Island, Kelowna and West Kelowna in the Interior.

West Kelowna council has also spoken out against the tax and is currently also putting together a report about its potential impact there. The City of West Kelowna is also asking its residents for their comments.

The NDP government wants to use the speculation tax to help housing affordability and increase the supply of housing in the province’s hottest markets. It levies a $5 tax for every $1,000 of assessed value on property in the affected areas owned by anyone living outside of the province. Principle residences and long-term rentals are exempt.

Basran said the tax could have an adverse affect on construction in his city and that could affect jobs.

The mayor and several of his councillors have said they have heard plenty of concerns from the public about the tax since it was announced.

To report a typo, email:
newstips@kelownacapnews.com
.


@KelownaCapNews
newstips@kelownacapnews.com

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Kelowna to introduce new strategy for community education about supportive housing

The model seeks to enhance community engagement, accessibility and transparency

GoFundMe campaign started for young Kelowna girl in need of service dog

Alena suffered from an in utero MCA stroke, that affected most of the right side of her brain

Summerhill Winery proposes college for sustainable food production

The proposed Culinary College for Humanity will help to develop a sustainable food culture

Kelowna woman reported missing

Kiana Haner Wilk’s family has not been able to contact her since Tuesday evening

Central Okanagan Search and Rescue helps off-roaders stuck on KVR trail

The group called for help around 9 p.m. last night

VIDEO: B.C. senior recalls ‘crazy’ wartime decision to grab bear cub from den

Henry Martens – now 96 – says he was lucky to be alive after youthful decision to enter a bear’s den

Youth-led report calls on B.C. government to create plan to end youth homelessness

There are no dedicated programs for youth homelessness at federal, provincial level, report says

Regional district gives approval for farm worker housing near Summerland

Application is for 41-bedroom facility to be constructed in Meadow Valley area

Trudeau: Time for blockades to end and Indigenous leaders to work with government

Prime minister says situation in Coastal GasLink pipeline dispute is ‘unacceptable and untenable’

RCMP clarifies stance on removing officers from Wet’suwet’en territory in northern B.C.

Police say will remove officers only if hereditary chiefs keep road open to pipeline workers

Goose cull proposed in Vernon

Three options to manage bird populations in popular parks pitched to councillors

COLUMN: Losing and winning a book battle

Recalling a time when outraged parents spoke out against a book on the school curriculum

COLUMN: Acknowledging the freedom to read

We provide full access to material that some might find objectionable

Most Read