For homeowners in Vancouver, March 5 was the deadline for filing their Empty Homes Tax declaration – and most did it on time.

“Vancouver housing needs to be for homes first, not just treated as a commodity,” said Mayor Gregor Robertson. “We brought in an Empty Homes Tax because Vancouver has a near-zero vacancy rate and many people are struggling to find a place to rent. Thank you to the 183,911 Vancouver homeowners—just over 98%—who submitted their declarations on time.”

A total of 8,481 residential properties were declared or deemed to be unoccupied/under-utilized for more than 180 days in 2017, 60.6% of which were condos.

Single-family residential properties account for 33.5% and multi-family/other properties for 5.9%.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate


More market watch: