Vancouver council approved changes to the empty homes tax, including cancelling an increase approved by the previous municipal government
Council also approved other changes to the tax, including creating a new exemption for unsold newly built homes, and applying that exemption retroactively to the previous tax year. This decision, supported by council’s ABC majority but opposed by the Green and OneCity councillors, means the city will pay back $3.8 million in empty homes tax revenue that has already been levied on developers who own vacant, unsold homes that were empty for most of last year.Start your day with a roundup of B.C.
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