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this post was submitted on 08 Jul 2023
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British Columbia
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Not really news. This has been going on for a long time. It doesn't help that we have foreign buyers holding empty, or mostly empty properties. It is a unit of housing that should be in the buying/rent pool. I personally know 2 people (and I know very few people in BC because I'm from another province) that rent a basement suite and 3000+sq ft main house is vacant because owners moved back overseas once suite was filled. Been over 2 years empty. Vacancy tax does nothing, especially when a family friend retrieves mail and fakes the vacancy report.