Following a recent study the City of Vancouver conducted looking into empty homes in the city, officials are now requesting public input on how to address the problem.
The March 2016 study found 10,800 homes in the city sat unoccupied, and the city is exploring public policies to help reduce those numbers, including taxing short term investors, prohibiting strata restrictions on rentals, and increasing property taxes for empty homes.
After gathering public input on preferred consequences for owners of unoccupied homes, the city will apply to the province for partnership and support in taking critical next steps, as the city doesn’t have the power to mandate occupancy.
Of the thousands of homes that sit empty in the city, 90% were condos and apartments, and the numbers are on-par with other cities in Canada. The total percentage for empty homes of all types – condos, detached homes, etc – is 4.8%.
If you want to have a say in what happens to unoccupied properties in the city, you can fill out an online questionnaire from now until May 16.