Vancouver Mayor Seeks to Tax Empty Homes Amid Soaring Prices
- Investors can’t be allowed to treat houses as commodities
- Canadian government needs to better enforce property taxes
Vancouver Mayor Seeks to Tax Empty Homes as Prices Soar
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Vancouver’s mayor is considering a tax on empty homes to help boost supply and damp prices in North America’s hottest residential market.
Owners need to be prodded to live in the properties they buy or rent them out as the city faces an acute housing shortage, Vancouver Mayor Gregor Robertson told Bloomberg TV Canada in an interview Tuesday.