Vancouver wants public views on empty homes

Residents of Vancouver are being asked for their opinions on how to tackle the issue of vacant properties. The City of Vancouver is holding an open online consultation at canvassing views on what action the should be taken.

The survey follows a report released by the council in March which revealed that 10,800 homes were left empty for a year or more in the city; although the overall rate of unoccupied homes had been steady since 2002 at 4.8 per cent. The study found that condos and apartments made up 90 per cent of the vacant homes.

Proposed action includes taxing short term investors; prohibiting rental strata restrictions; and higher taxes for unoccupied properties. However, the council acknowledges that it has limited tools to tackle the issue of empty homes and will need provincial government support.

The consultation is open until May 16.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?