Mayor Gregor Robertson has announced that Vancouver will move ahead with a tax on empty or under-occupied homes with our without the support of the provincial government.
The city’s report states the preferred option is for the provincial government to create and administer a new class of “residential vacant” property through BC Assessment. The designation would trigger the city to charge extra taxes on empty or under-occupied investment properties.
The second option is for the city to establish a new business tax for empty and under-occupied homes held as investment properties.
Premier Clark responded on twitter saying “We are reviewing your report and will respond quickly.”
Read the full article over at the CBC.