One part of Vancouver can avoid the new real estate vacancy tax

Business Inside U.K. cited research by Andy Yan, a professor at UBC’s school of community and regional planning, for an article on homes located on University Endowment Lands that are exempt from Vancouver’s recently approved vacancy tax.

In 2015, Yan found that 88 per cent of homes over $5 million in University Endowment Lands belonged to foreign buyers.