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Who's paying the vacancy tax?

Posted: Sun Mar 19, 2017 1:14 pm
by jimtan
Just a reminder. 

"Vancouver warns homeowners of pending empty homes tax

Non-principal housing units must be rented for at least six months or be subject to an additional 1 per cent tax on the assessed value..."

http://www.metronews.ca/news/vancouver/ ... s-tax.html

Who's the lucky people paying the tax? Should we levy a vacancy tax on developers who hold on to their land bank? 

Remember the SOB who bought the Little Mountain project years ago. Has he developed the site for market housing?