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10 Comments
Seems fair to me, they got a fine for purchasing a property and sitting on it just for the property value increase instead of doing something with it. I am sure the neighbours loved living next to a house that was allowed to turn into that eyesore.
We need MORE fines like this all across canada, vacant houses and condos need to be taxed to the maximum.
The property has been empty since 2017. If you won’t provide it as housing you pay a tax.
The end.
“The City of Vancouver says the developer should have repaired and rented out two dilapidated houses while it prepared the site for redevelopment, but the developer said the homes were uninhabitable as they were contaminated by asbestos, mould and rat feces.”
That’s ridiculous. Even if the home could be repaired some poor renter would get in there and then eventually get booted anyway. How the hell does that solve anything?
Love this.
Poor developer. The same developers that are motivated to only build investor types of properties for rich foreigners! Pure greed and investor speculation is a huge component of why we have housing issues to date!
Good
Good
Now developers will just demolish everything. Can’t rent out what isn’t there.
Is this vacancy tax city / province specific? I was driving through Southwest Ontario and there’s a developer that has several hundred acres of empty land both within cities and outside that’s been sitting there since for several years I’m not sure how they can afford that if there was so much if they are also paying a vacancy tax
So the Cambie corridor was a blank cheque for whomever owned those properties.As they will now be developed into towers.
Maybe keeping investment properties as occupied properties for the lifecycle of the property will help a housing and rental crisis.
I dated a girl who lived in a slated for re development property for years.
The landlord told them it would be redeveloped and paperwork had been filed but for the time that they waited,they got cheap rent and the property was occupied.
Unlike the mess that was little mountain.
The liberals sold the massive co op to developers kicked out an entire neighbourhood of poor people and said they would build social housing.
Well I think we saw how that worked,poor people unhoused and empty building for years as the site was mothballed.
https://vancouver.citynews.ca/2024/04/25/little-mountain-affordable-housing-constructio/