Vancouver Mayor Kennedy Stewart. (Facebook)

Vancouver mayor wants empty homes tax to be more effective and fair

Currently, the tax is one per cent of the assessed value of a property that has been deemed empty

Vancouver Mayor Kennedy Stewart has put his election promise of tripling the empty homes tax into motion.

Currently, the tax is one per cent of the assessed value of a property that has been deemed empty.

Stewart filed a motion of notice to be tabled next Tuesday, calling on staff to come up with a plan to review and improve the tax’s fairness and effectiveness.

The levy was introduced in late 2017 by then-mayor Gregor Robertson, in response to a tight rental market and concerns over the number of houses and apartments sitting empty.

READ MORE: Vancouver expects $30 million in first year of empty homes tax

READ MORE: Vancouver readies homeowners for empty homes tax

In the first year of the tax, nearly 8,000 homes were found to be vacant, according to city documents. About 5,500 of those, or 67 per cent, qualified for exemption, which left about 2,500 charged with the tax.

Homes that are one’s principal residence or rented out for at least six months of the year are two of eight exemptions set out in the current law.

Homeowners have until Feb. 4 to declare vacancy in the program’s second year.

If the motion passes, city staff will report back to council by the end of March.

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Local Chinese Canadians aim to counter COVID-19 backlash

Few racist incidents on Peninsula, says Community Engagement Society

Surrey to pay TransLink $30M in land, $9M in cash for work on cancelled LRT

Council considered staff report on city’s 2019 annual financial statements during Monday’s “virtual” council meeting

Surrey RCMP promise enforcement at unofficial show ‘n’ shines

Cars have been impounded at the site in the last two years

‘There’s no playbook for this’: South Surrey sports organizations await approval to return to play

Local associations planning for modified summer seasons as COVID-19 restrictions ease

Facing changes together: Your community, your journalists

The COVID-19 pandemic has changed the world in ways that would have… Continue reading

B.C. retirement home creates innovative ‘meet-up’ unit for elderly to see family face-to-face

Innovative ‘purpose-built’ unit keeps residents safe when seeing family for first time since COVID-19

Fraser Valley libraries to offer contactless hold pick-ups

FVRL Express — Click, Pick, Go service to be offered at all 25 locations starting June 1

B.C.’s essential grocery, hardware store employees should get pandemic pay: retail group

Only B.C.’s social, health and corrections workers are eligible for top-ups

Edmonton, Vancouver and Toronto vying to be NHL hubs, but there’s a catch

The NHL unveiled a return-to-play plan that would feature 24 teams

B.C. sees 9 new COVID-19 cases, one death as officials watch for new cases amid Phase Two

Number of confirmed active cases is at 244, with 37 people in hospital

Nanaimo senior clocked going 50 km/hr over limit says her SUV shouldn’t be impounded

RCMP say they can’t exercise discretion when it comes to excessive speeding tickets

United Way allocating $6.6M in federal funding to help with food security, youth mental health

Applications from Fraser Valley and Lower Mainland charities being accepted for the emergency funding

Illicit-drug deaths up in B.C. and remain highest in Canada: chief coroner

More than 4,700 people have died of overdoses since B.C. declared a public health emergency in early 2016

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast

Most Read

l -->