Quote:
Originally Posted by misher
We have a foreign buyer tax and an empty home tax so isn’t most of what the last two messages mention old news? Let’s talk about the current market lol. Foreign buyers are less than 1% now and empty homes are around 3%. Likely 1-2% of that is people on vacation/travelling or empty due to estates/legal issues.
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Quote:
Originally Posted by osirisboy
I was just going to post something similar.
Such a small percentage are left vacant nowadays
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that is only if;
1 - you assume it can be accurately counted
(these are the same people who said foreign buyers only accounted for "3.3%" but was revealed to be about 10% as a whole. as high as 19% in Richmond, 18% Burnaby, 11% Vancouver, 9% Surrey)
2 - people actually care about the vacancy tax
3 - people don't have ways to get around it with their birth-tourism family/and people they paid off
4 - they aren't using other means of hiding it
lets not forget, only the CoV has a vacancy tax. Metro is much larger than the CoV.
look around at night, and tell me only a tiny amount is empty. there is no way it is "3%" since i can see all the units that never have lights on; ever.