Drives up appreciation... I guess, but that can only be realized when you sell, or you refi out and get charged more money for holding it vacant. > Ask Vancouv

Drives up appreciation... I guess, but that can only be realized when you sell, or you refi out and get charged more money for holding it vacant. > Ask Vancouver how many vacant homes they have, yet “no housing”. The government is now making changes to stop it Seems like the government made changes in 2017 with the Empty home tax. Gotta say, the numbers do not look that interesting. 1,627 vacants in 2020 out of 195,012 residences. The doc notes that in 2017 there were 2,193 vacants, which indicates that the problem wasn't really that much worse than it is now. https://vancouver.ca/files/cov/vancouver-2021-empty-homes-tax-annual-report.pdf https://vancouver.ca/files/cov/vancouver-2021-empty-homes-ta... Is it possible that it's something other people intentionally losing money on vacant properties?