> Empty Homes Tax has reduced Vancouver's number of vacant homes by 36%
> After five years of the EHT being in effect, the total number of vacant properties within Vancouver has fallen to 1,398 homes or 36% fewer properties compared to 2017, when the tax regime first launched.
The statement about 36% is a relative percentage, not absolute percentage points. What happened is that ~2184 homes were vacant in 2017, and fell by 36% to 1398 in 2022.
It's saying that of the homes that were originally vacant, there is 36% less of that now. It is not saying that of all homes that exist, the vacancy rate decreased by 36%.
Did you misread something? Maybe from this post:
> https://dailyhive.com/vancouver/vancouver-empty-homes-tax-st...
> Empty Homes Tax has reduced Vancouver's number of vacant homes by 36%
> After five years of the EHT being in effect, the total number of vacant properties within Vancouver has fallen to 1,398 homes or 36% fewer properties compared to 2017, when the tax regime first launched.
The statement about 36% is a relative percentage, not absolute percentage points. What happened is that ~2184 homes were vacant in 2017, and fell by 36% to 1398 in 2022.
It's saying that of the homes that were originally vacant, there is 36% less of that now. It is not saying that of all homes that exist, the vacancy rate decreased by 36%.