The vacancy tax is just a limited version of the classic "Land Value tax", which would make sense for popular urban cities but not for suburban or rural areas.

The vacancy tax is just a limited version of the classic "Land Value tax", which would make sense for popular urban cities but not for suburban or rural areas. The point of the vacancy tax is to prioritize the limited local space for the local population who live and work in the city. Vancouver is implementing a mild version of a vacancy tax to curb the issue with empty houses. https://en.wikipedia.org/wiki/Land_value_tax https://en.wikipedia.org/wiki/Land_value_tax