4 ms·
Vancouver's been doing a 5x property tax for vacant units for the past few years, and it does seem to be putting some pressure on owners to get them occupied:
by mikepurvis 7y ago
Vancouver's been doing a 5x property tax for vacant units for the past few years, and it does seem to be putting some pressure on owners to get them occupied:
https://globalnews.ca/news/6523554/empty-homes-tax-results-2019/ https://globalnews.ca/news/6523554/empty-homes-tax-results-2...
Vancouver's normal property tax rate is just 0.26%, and the vacancy surcharge is 1% per that article.