Vancouver residents want tax on empty homes

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A new poll shows that residents of Vancouver would be in favour of taxes on empty homes in their city. With affordability such a big issue currently and a belief that high prices are being fuelled by foreign investors buying house which are then left unoccupied, the calls are increasing for measures to curb the practice. Support is high with 72 per cent in a survey by Insights West saying they would be in favour of a levy on unoccupied homes; this was across the gender, age and social demographics. A similar idea is currently being considered in New York, where it’s proposed that those property owners who spend less than half the year in the city should pay a tax on their home. Read the full story.
  • Angela Wong-Liao - Invis on 2014-10-24 12:44:01 PM

    I fully agree that an additional tax levy on absentee home owners as they are not part of the community while people who live in the community and support the community cannot afford to own a home in their own community. Empty houses project a negative image to the community as they are not attended probably both externally and internally which can affect the house value of
    the area.

  • Nelson on 2014-10-24 3:55:20 PM

    Why would foreign investors buy homes and not do anything with them? Could they be making potential grow ops, meth labs? If you are not a canadian citizen living in Canada then you should be taxed triple. so if taxes are $4000 per year, then they would have to $12K per year. Time to tax the rich and let the middle class breath and save some coins for their future.

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