It’s goal is to make rental housing easier to access but some say the speculation tax may have the opposite effect in already tight markets like Kelowna
The NDP says it imposed the speculation tax to help create more accessible rental units. But there are growing concerns it might have the opposite effect. In Kelowna, where the rental market is already very tight, there are signs that the proposed tax may further decrease the rental pool. Klaudia Van Emmerik explains.