Quote:
Originally Posted by bat119
Vancouver demanded that B.C. amend that city's charter to allow it to impose a first-in-North-America vacancy tax that will go fully into effect in 2018. Homeowners are getting mailed notices warning them that they will have to make a declaration about the occupation of their property in 2017 by February of next year. If their property was not occupied by the owners or family and if it was not rented for at least six months in 2017, they will have to pay an additional 1 per cent of their home's assessed value in property tax.
https://beta.theglobeandmail.com/new...beandmail.com& |
China has also been making moves to restrict capital moving out of the country, this will probably have a bigger impact than the occupancy taxes.
https://beta.theglobeandmail.com/rea...beandmail.com&