Advertisement

B.C. Government to consider proposal for tax on vacant Vancouver homes

A sold home is pictured in Vancouver, B.C., Thursday, Feb. 11, 2016.
A sold home is pictured in Vancouver, B.C., Thursday, Feb. 11, 2016. THE CANADIAN PRESS/Jonathan Hayward

The provincial government says it will consider Vancouver Mayor Gregor Robertson’s proposal for a tax on vacant homes.

Robertson met with Finance Minister Mike de Jong on Monday to discuss the housing shortage in B.C.

READ MORE: Full coverage on the real estate market in B.C.

The mayor says the tax would offer an incentive for homeowners to rent out their empty properties.

The two governments have agreed to work on a proposal for the new tax over the next few weeks.

“So we have our teams ready to roll over these next few weeks to explore how this might work between city and province and cooperating to put together a system that’s fair for taxpayers and that creates a whole new supply of rental housing that’s currently vacant,” said Robertson.

Story continues below advertisement

 

Sponsored content