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

VANCOUVER — The City of Vancouver says it has collected $18 million from the first year of its empty homes tax and another $12 million could still flow into its coffers.

The city says in a news release that it expects to generate a total of $30 million from the first year of the tax which is applied to vacant residential properties in a bid to ease Vancouver's near-zero vacancy rate.

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https://www.vancourier.com/real-estate/vancouver-expects-30-million-in-first-year-of-empty-homes-tax-1.23490742