Vancouver Council Votes In Favor Of Controversial Tax On Empty Showcases
A majority in Vancouver City Council on Wednesday voted to ask the county to investigate the measure, in a bid to target real estate speculators. “Investors are buying commercial real estate, sitting on it, waiting for it to deteriorate,” said Mayor Kennedy Stewart as the measure was discussed. Tonight I asked the Municipality to join me calling the province to investigate an empty store tax. Just like homes, commercial real estate has skyrocketed in value, yet many remain vacant....