Lake Country is Excluded from BC’s Speculation Tax

Lake Country is Excluded from BC’s Speculation Tax

The lakeview homes of Lakestone will not be captured by the province’s newly proposed real estate tax.  The Government of British Columbia has named Lake Country as an area where the tax will not be imposed.  Designed to capture foreign and domestic speculators, the tax will not affect the masterplanned community of Lakestone.  Lakestone is located outside of the designated urban centres deemed taxable by the housing-related tax which is scheduled to take effect this fall or in early 2019.

Lakestone is a master-planned community located just 12 minutes from the Kelowna International Airport and a 20-minute drive from the vibrant culture of Kelowna.  Lake Country is a world-class leisure destination with endless recreation adventures all year round including watersports, cycling, golf, hiking, skiing, the arts, wineries, and fine dining.

For more information on lakeview homesites now selling in the Highlands and new lakeview homes at Lakestone, REGISTER today. Visit the Lakestone Information Centre & Showhome, open Monday to Sunday from 12 to 4 pm (closed Friday) located at 9711 Centrestone Drive in the Benchlands, or call 250.766.1213.

*Lakestone offering and prices are subject to availability and subject change without notice.