Property News · November 18, 2016

Vancouver outlines exemptions on new empty homes tax


By Emma Crawford Hampel
Vancouver City Council officially approved a 1 per cent tax on empty homes in the city and outlined the situations in which homeowners would be exempt from paying the tax.
The formal approval was expected, as Mayor Gregor Robertson had announced he was supporting the recommendation from city staff to implement the tax, which is intended to push landlords to rent out properties in an effort to deal with a severe rental housing shortage across the city.
“In Vancouver…

Source : South China Morning Post
Read more…Vancouver outlines exemptions on new empty homes tax

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