Vancouver Tax Targets Vacant Condominiums

The City of Vancouver (the “City”) has proposed implementing a tax on vacant homes in the City starting in 2017. A study commissioned by the City indicates that over 10,000 homes have been empty for more than a year, most of them condominium units. Apparently many condominium investor owners are not renting their units while waiting for their investment properties to appreciate in value.   Read the article……………