Vancouver's vacancy tax


Vancouver's mayor says vacancy tax puts more rental homes on the market. Vancouver has fewer vacant properties and the mayor is crediting the city's empty homes tax. Figures show the number of vacant homes declared in the city last year decreased by almost 15 per cent from 2018 and 30 per cent from the first year of the program, 2017. Tsur Somerville, Associate Professor, UBC Sauder School of Business, joined Adam to discuss the vacancy tax.