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Vancouver's empty homes tax to be self-declared, up to 2 per cent of value

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Canadian Realestate Magazine | 14 Sep 2016, 02:47 PM Agree 0
Vancouver is proposing to tax homeowners by as much as two per cent of assessed value for units that they declare as vacant
  • Peter | 14 Sep 2016, 02:56 PM Agree 0
    Will City help me finding good and reliable tenants?
  • Moe | 14 Sep 2016, 03:03 PM Agree 0
    We are becoming worse than a communist country. If I bought a home to be used as a vacation home, furnished it to my taste, are you forcing owners to share their properties to strangers, this is totally absurd, you surely cannot make BC become a socialist state. Next you will say if you have more than one property then you should share your wealth with others. Absolutely disgusting...........
  • | 14 Sep 2016, 03:06 PM Agree 0
    I can accept the foreign investor tax but a vacancy tax is ridiculous. You buy something you get to do what you want with it. Has the "bundle of rights" that one is suppose to get with the ownership of real estate gone out the window?
  • Kent Hoover | 14 Sep 2016, 03:42 PM Agree 0
    Self declaired vacant so the owner will be taxed? I'm not so sure how that's going to work out!
  • Rand | 14 Sep 2016, 06:54 PM Agree 0
    You catch more flies with honey than with vinegar - says the age-old idiom! But it wouldn't occur to a 'tax-the-rich' ideologue to come up with a constructive plan to offer tax cuts that are designed to encourage homeowners and others to find creative ways to help increase the rental stock in Metro Vancouver. Beating people with yet another tax 'stick', who are mostly productive enough and therefore wealthy enough to own a home in this City, seems about as reasonable as many of the other initiatives of the so-called Vision Vancouver Party.
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