A new city-led report released this week found that there are about 11,000 vacant homes in Vancouver, mostly condos. UBC economics professor Josh Gottlieb told CBC Early Edition that by raising Vancouver’s property tax by 1.5 per cent for vacant homes, the city can increase its housing stock.
“It would take multiple years of construction to make up for [the 11,000 vacant units],” Gottlieb.
A similar story appeared on Yahoo.
