Re:The Canadian Housing Boom Fueled by China’s Billionaires
by delecti on Wednesday August 03, 2016 @09:35AM
(#12217778)
Is there any reason that property taxes couldn't be increased solely on homes without residents? It would at least encourage putting foreign owned homes on the rental market.
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Re:The Canadian Housing Boom Fueled by China’s Billionaires
by acveilleux on Wednesday August 03, 2016 @12:45PM
(#12219336)
It's hard to define "no resident" and to effectively verify.
People would just hire someone or ask a relative to sign a lease and officially be "the resident" without actually having anyone live in the unit.
Re:The Canadian Housing Boom Fueled by China’s Billionaires
by caffodian on Wednesday August 03, 2016 @10:58AM
(#12218374)
Residency tracking is hard. Actually, the city of Vancouver got permission from the provincial government to implement a vacant homes tax, but it's based on the home being unoccupied for a whole year. It probably won't work.