Empty Homes Tax To Triple Vancouver Mayor Kennedy Stewart Files Motion To ‘Improve’ Exaction

During the 2018 election campaign, then Vancouver mayoral aspirant Kennedy Stewart promised to triple the empty homes tax.

“Homes need to be used for housing people, not sitting empty as speculative investments,” Stewart declared in his platform.

The vacancy tax is currently one percent of the assessed value of property deemed empty.

Now city mayor, Stewart has filed a motion on notice asking council to direct staff to come up with a plan to “review and improve the fairness and effectiveness” of the levy.

bit.ly/2tsAkkL via @georgiastraight