Landlords expect more rentals after speculation tax hits

The head of LandlordBC expects some homeowners will start renting out their properties to avoid the province’s new speculation tax, but says it’s too soon to estimate the extent of its impact.

When Vancouver’s empty-house tax of one percent of a property’s assessed value came into effect last year, it prompted some homeowners to become landlords, said David Hutniak, LandlordBC’s chief executive.