Quote:
Originally Posted by VancouverOfTheFuture
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.
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1. Lol well we’ve done what we can to stop foreign buyers and they appear to all be taking their money to Montreal (I even see less super cars in Richmond!). So let’s stop bringing it up.
2. It’s a lot of money so if they don’t care then let them were making a ton.
3. So be it you can’t stop it? I doubt it’s a high number.
4. You can only waist so much time and energy chasing this. We did the obvious stuff and it’s clear foreign buying is way down. Let’s focus on the other problems not instead of beating a dead horse.
5. Metro Vancouver doesn’t have housing problems like Vancouver. The COV is the one with high amounts of rentals, the highest costs to develop, and the longest time to get a development permit. Everywhere else is building to avoid COV’s issues.