Ecotagious, who carried out the study, estimate that there were 10,800 empty homes at the end of 2014, the majority of them condos. When broken down into property types, single-family detached homes showed a vacancy rate of roughly 1 per cent while condo vacancies were at 12.5 per cent.
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The vacancy rate in Vancouver is 5 per cent, in line with other large cities, according to the city council. It found that the rate has been flat since 2002. A study used anonymous data from BC Hydro and analysed energy usage in 225,000 of the city’s 280,000 homes over a 12-year period.