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……………


Related Articles

To condo owners – speak up

I hate to harp, but while the fallout over the provincial budget is astounding and distracting, there is other business

Condo Financing Myths Debunked

In Ontario, when condominiums find themselves short on funds they have three options: 1) increase monthly fees; 2) levy a

Elected to the Board…now what?

Now that you’re on the board, what is expected of you.   Read more……..