He announced he’s going to hit property owners in this city with an “empty home” tax, the first of its kind in Canada. This summer, it introduced a supplementary 15 per cent property transfer tax to be applied when foreign nationals buy real estate in Metro Vancouver. Vancouver’s median household income is about $80,000, a little below the national standard. Only one per cent of Vancouver’s single family and duplex housing units were unoccupied in 2014, according to the same analysis. Would those people declare their properties empty to the city tax collector?

Source: National Post September 15, 2016 02:26 UTC