Vancouver empty homes tax nets another $39M as number of vacant properties drop, city says

Vancouver’s empty homes tax continues to be a revenue generator for the city despite drawing from a shrinking number of vacant homes, the latest report from the city finds.

Released Wednesday, the report reveals that $39.4 million in revenue was raised during the 2018 tax year, which was collected from the owners of 1,989 vacant properties.

That’s a 22 per cent drop from the number of vacant properties taxed in 2017, when 2,538 homes generated $38 million in revenue.

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