Quote:
Originally Posted by misher
The intention was to push people to rent out their homes to create affordable housing. These units will never be affordable rentals. Plus stats have showed little change in the vacancy rate in Vancouver since the tax came in.
What this does do is push regular rich tourists to sell and leave and never come back.
|
Good! Get some of that vacancy tax money put to good use, force a sale (to a local), generate some PTT. Get "regular" people living there and participating in society.
Meanwhile this will give developers the message to stop building towers full of $3M+ units for foreign money.
Threaded Mode