# BC Speculation and Vacancy Tax

> BC's Speculation and Vacancy Tax (SVT) applies to residential property in specified taxable regions including Coquitlam.

**Source:** https://soldbycraig.ca/bc-speculation-tax-coquitlam-buyers/  
**Author:** Craig Johnston, REALTOR® (BC Licence V99960) · The MACNABS · Royal LePage Elite West  
**Site:** https://soldbycraig.ca

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Coquitlam · Speculation tax

## BC Speculation Tax in Coquitlam — when it applies, when it doesn't.

BC's Speculation and Vacancy Tax (SVT) applies to residential property in specified taxable regions including Coquitlam. Understanding the exemptions is critical — most Coquitlam owner-occupiers and long-term landlords are exempt, but vacant or short-term-rentaled homes face up to 2% annual tax on assessed value.

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Quick Answer

What should you know about Bc Speculation Tax Coquitlam Buyers?

BC's Speculation and Vacancy Tax (SVT) applies to residential property in specified taxable regions including Coquitlam. **Craig Johnston, Top 1% Team Member — Greater Vancouver REALTORS®** and 47+ year Tri-Cities resident, can walk you through the local context. Free Strategy Call ends with a written one-page plan in 24 hours.

Speculation tax · Coquitlam

## BC Speculation Tax — every rate, every exemption.

Coquitlam is inside the SVT taxable region. All residential property owners in Coquitlam must declare annually. Most owner-occupiers and long-term landlords qualify for exemption, but the declaration is mandatory whether or not you owe tax.

### Tax rates

0.5% of assessed value for Canadian citizens and permanent residents who fail to qualify for exemption. 2.0% for foreign owners and satellite families.

### Coquitlam included

Coquitlam is within the specified taxable regions for SVT (along with Greater Vancouver, Greater Victoria, Nanaimo-area, and others).

### Owner-occupier exemption

If the property is your principal residence, you are exempt — but you must declare annually.

### Long-term rental exemption

Property rented at minimum 6 months/year (with at least 30 consecutive days per tenant) is exempt.

### Major-renovation exemption

Properties undergoing substantial renovation may qualify for a temporary exemption.

### Hardship exemption

Owners facing specific hardship (death, divorce, hospitalization) may qualify for limited exemptions.

### Annual declaration required

Every property owner in a specified taxable region must declare every year — even if exempt. Failure to declare = automatic 0.5% tax (Canadian) or 2% (foreign).

## Talk to a Coquitlam REALTOR® who knows.

Craig Johnston is a 47-year Coquitlam resident and licensed REALTOR® at The MACNABS, Royal LePage Elite West. Top 1% Team Member — Greater Vancouver REALTORS®. Talk through your specific situation — no pressure, no obligation.

[Book a Strategy Call](/book-a-strategy-call-with-craig-johnston/)
[Call 604-202-6092](tel:+16042026092)
[Email Craig](mailto:Craig@SoldByCraig.ca)

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