Do you think the government will actually put all $30m into affordable housing as promised? More than 5,000 properties out of 8,500 deemed “vacant” by city staff received exemptions.
Vancouver’s tax on empty homes will bring in $30-million of revenue in its first year, but that will come from only a tiny proportion of homeowners. More than 5,000 properties out of 8,500 deemed vacant by city staff received exemptions under rules of the new …