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Home > Affordable Housing, Association, Manufactured Housing Industry, News, regulation > Will Canadian City’s Tax Plan Inspire U.S. or More Canadians to Follow With Affordable Housing Battle Tool?

Will Canadian City’s Tax Plan Inspire U.S. or More Canadians to Follow With Affordable Housing Battle Tool?

February 22nd, 2019

 

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After hearing from more than 15,000 people and consulting with many experts, the City saw both support and need for a tax on empty homes in Vancouver. A 2016 City of Vancouver survey found that more than 90% of Vancouver residents surveyed agreed that empty homes were a problem; a separate poll by Angus Reid in 2015 found that 80% of Metro Vancouver residents were in support of a vacancy tax.” So said the the City of Vancouver created the Empty Homes Tax (EHT), also known as the Vacancy Tax report.

 

The report touts that “The EHT, the first of its kind in North America, is intended to help relieve pressure on Vancouver’s rental housing market.”

The Vancouver Sun produced this video, which outlines the concepts behind the issue, plus related data being collected.

 

 

Is This a Good Idea?

There will no doubt be voices both for and against this plan.  MHProNews merely notes at this point in time that this ‘solution’ avoids the question of supply.  Offering more affordable housing – including manufactured homes – ought to be an obvious part of the solution to the growing demand.

The full report from the City of Vancouver is linked here as a download.

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Collage by MHProNews.

 

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

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