Vancouver declares 5% of homes empty and liable for new tax

After introducing a 20% tax on foreign buyers, the city in western Canada is continuing to tackle housing affordability

Thousands of homes in Vancouver have been declared unused and liable for a new empty homes tax as part of a government attempt to tackle skyrocketing home prices and soaring rents.

About 4.6% or 8,481 homes in the western Canadian city stood empty or underutilised for more than 180 days in 2017, according to declarations submitted to the municipality by 98.85% of homeowners.

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