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In Vancouver they charge more property tax if the building is empty. https://vancouver.ca/home-property-development/empty-homes-tax.aspx https://vancouver.ca/h
by b112 1y ago
In Vancouver they charge more property tax if the building is empty.
https://vancouver.ca/home-property-development/empty-homes-tax.aspx https://vancouver.ca/home-property-development/empty-homes-t...
Not sure if it's enough, but it's something.
I like this part:
False declarations
False property status declarations may result in fines of up to $10,000 per day of the continuing offense, in addition to payment of the tax.
- ryandrake 1y agoThis needs to happen everywhere, and it should be exponential. Each year a property is vacant for 6 or more months should double the tax.
- deleted 1y ago[deleted]
- inemesitaffia 1y agoCan't you park staff there? Is there a requirement for owner occupancy?
- namibj 1y agoThat would free the apartments the staff would otherwise live in, though?
- Yeul 1y agoWe already have this in the Netherlands. In order to deter squatters you can hire a student to live in your property. You can kick them out on short notice.
- b112 1y agoDifferent laws here though. You guys can lose a place to squatting in the Netherlands, we can't here (Canada/Vancouver).
- crossroadsguy 1y agoAnd you should not. Hyping real estate prices or just putting massive real estate to disuse and often pricing the locals out is a big problem but so is losing a property to squatting. Such things don’t always involve millionaires and billionaires.