It’s nice to see democracies fighting back against housing as a store of wealth. Vancouver charges 1% per year to keep a property empty. Since enacting the chan

It’s nice to see democracies fighting back against housing as a store of wealth. Vancouver charges 1% per year to keep a property empty. Since enacting the change, vacancies have very gradually started to increase as the wealthy sell off or rent out their properties. In some areas of town - particularly wealthier suburbs - you can rent an incredible house for very little relative to the property value. Example: For CAD $7,500 per month [1], you could rent a waterfront home worth CAD $5.5M [2]. [1] https://vancouver.craigslist.org/nvn/apa/d/west-vancouver-orcaref6277tunique/6963493552.html https://vancouver.craigslist.org/nvn/apa/d/west-vancouver-or... [2] https://www.rew.ca/properties/R2397894/6277-taylor-drive-west-vancouver-bc https://www.rew.ca/properties/R2397894/6277-taylor-drive-wes...