Vancouver Mayor Kennedy Stewart. (Facebook)

Vancouver mayor wants empty homes tax to be more effective and fair

Currently, the tax is one per cent of the assessed value of a property that has been deemed empty

Vancouver Mayor Kennedy Stewart has put his election promise of tripling the empty homes tax into motion.

Currently, the tax is one per cent of the assessed value of a property that has been deemed empty.

Stewart filed a motion of notice to be tabled next Tuesday, calling on staff to come up with a plan to review and improve the tax’s fairness and effectiveness.

The levy was introduced in late 2017 by then-mayor Gregor Robertson, in response to a tight rental market and concerns over the number of houses and apartments sitting empty.

READ MORE: Vancouver expects $30 million in first year of empty homes tax

READ MORE: Vancouver readies homeowners for empty homes tax

In the first year of the tax, nearly 8,000 homes were found to be vacant, according to city documents. About 5,500 of those, or 67 per cent, qualified for exemption, which left about 2,500 charged with the tax.

Homes that are one’s principal residence or rented out for at least six months of the year are two of eight exemptions set out in the current law.

Homeowners have until Feb. 4 to declare vacancy in the program’s second year.

If the motion passes, city staff will report back to council by the end of March.

Like us on Facebook and follow us on Twitter.

Just Posted

Mission RCMP have noticed a recent trend in car thefts

Leaving your car unlocked while warming it up makes life easy for thieves

WATCH: Kwantlen artist unveils ‘highlight’ of his career at Ruskin Dam

Brandon Gabriel designed six panels that adorn the dam in Mission

BREAKING: Plecas won’t run in next election if legislature oversight reforms pass

B.C. Speaker and Abbotsford South MLA says he feels ‘great sympathy’ for Jody Wilson-Raybould

Mission firefighters to climb 48 flights of stairs in full gear

Group is raising money for the BC Lung Association

Case where son tried to evict mom ends with judge ordering sale of Abbotsford home

Mom gets back down payment and initial expenses of Signal Court property

B.C. students win Great Waters Challenge video contest

Video, mural and song about saving the salmon claims the top prize

Stabbing at Lower Mainland banquet hall sends male to hospital

RCMP says victim has ‘non-life threatening’ injuries, incident still under investigation

Eight cases of measles confirmed in Vancouver outbreak

Coastal Health official say the cases stem from the French-language Ecole Jules Verne Secondary

Ontario police field complaints over Amber Alert for missing girl, 11, found dead

Some said the Amber Alert issued late Thursday for Riya Rajkumar disrupted their sleep

Former B.C. premier Gordon Campbell accused of sexual touching

Accuser went to police, interviewed by Britian’s Daily Telegraph

B.C. couple attacked with acid, slashed with knife in Vietnam

Warning, graphic images: Man has burns on 80 per cent of his body, slashed with knife

Northern B.C. First Nation clan says ancient tools found at pipeline work site

Archeologists from the Smithsonian Institute estimate one of the stones found dates back up to 3500 years

Man taken to hospital for smoke inhalation, burns after fire at RV park

Firefighters find man suffering from smoke inhalation, burns to face and hands: battalion chief

Most Read