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Vancouver takes next steps on taxing empty homes | URBAN DEVELOPMENT INSTITUTE

“Vancouver housing is first and foremost for homes, not a commodity to make money with,” says Mayor Gregor Robertson. “We need a tax on empty homes to encourage the best use of all our housing, and help boost our rental supply at a time when there’s almost no vacancy and a real crunch on affordability. The BC government recognizes the need for more housing supply to address affordability and they can enable the best tool to help turn thousands of empty homes into rental homes. I’ve asked for the BC government’s urgent support to tax empty homes but the City needs to take action with or without other levels of government.”