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I don't know the specific rules in Vancouver, but yeah, a lot of those attempts were illusory/perfunctory... If you can afford to have one, or multiple, $2M+ c

I don't know the specific rules in Vancouver, but yeah, a lot of those attempts were illusory/perfunctory... If you can afford to have one, or multiple, $2M+ condos that you just "park" your wealth in to leave them vacant, the presence of a $10K or $20K fee/tax a year is in the "chump change" category.

cyberax 11mo ago
Vancouver has fewer vacant units than the average for the country. > The number of vacant homes in Vancouver has fallen below 1000 as of 2024. The latest Annual report shows low vacancy rate of 0.49%. [the average is 2.7%] Guess what happened with the housing prices? Right. They kept increasing. The housing density went up, so the prices must also increase.