Jun
22
Vancouver Proposes Tax on Empty Homes If Province Fails to Act
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Vancouver Mayor Robertson makes pitch to British Columbia
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Canadian city seeks to stem soaring home prices, speculation
Vancouver, home of Canada’s priciest housing market, is proposing a tax on empty homes to help address an “unprecedented” low vacancy rate as residents struggle to find affordable housing.
Vancouver’s preferred option is to have the provincial government of British Columbia create a new tax for empty or under-occupied residential homes, Mayor Gregor Robertson said in a statement Wednesday. Failing that, the city plans to impose a business tax on empty homes held as investment properties. The city wants a response from the province by Aug. 1…
Vancouver Proposes Tax on Empty Homes If Province Fails to Act
