Tag Archives: Empty House tax

The richer the neighbourhood, the more homes are empty, Vancouver tax report finds | Georgia Straight Vancouver’s News & Entertainment Weekly

CITY OF VANCOUVER

“The Empty Homes Tax (also known as the Vacancy Tax) was developed to help relieve pressure on Vancouver’s rental housing market, by returning empty or under-utilized properties to the long-term rental market,” the release reads. “Revenue generated by the tax is required to be used for affordable housing initiatives in Vancouver.”

Source: The richer the neighbourhood, the more homes are empty, Vancouver tax report finds | Georgia Straight Vancouver’s News & Entertainment Weekly