Real Estate Advisor with Engel & Völkers Dundarave, West Vancouver, Canada

Cindy Stanley Realty Blog Engel & Völkers West Vancouver › March 2018

February 2018 Housing Market Update - Real Estate Board of Greater Vancouver

REBGV President Jill Oudil provides a summary of February 2018 housing market statistics.

Recently Sold Listing 4785 Wesley Drive, Delta, BC

R2241836 - 4785 Wesley Drive, Delta, BC, CANADAI have just recently sold this listing at 4785 Wesley Drive, Delta.

Empty Homes Tax property status declarations

To address Vancouver’s housing crisis, we have implemented an annual tax on empty or under-utilized residential properties called the Empty Homes Tax.
Every owner of residential property in Vancouver is required to submit a property status declaration each year to determine if their property is subject to the tax.

Properties deemed empty will be subject to a tax of 1% of the property’s assessed taxable value. 

Most homes will not be subject to the tax, as it does not apply to principal residences or homes rented for at least six months of the year; however all homeowners are required to submit a declaration.

Net revenues from the Empty Homes Tax will be reinvested into affordable housing initiatives.

The Empty Homes Tax is also known as the Vacancy Tax and is imposed under the Vacancy Tax Bylaw No. 11674.

Submit your declaration

As 2017 was the first year the Empty Homes Tax was in effect, we have granted an extra month for you to complete your declaration.

Declare by: March 5, 2018

How to declare

Will your home be taxed

Determine if your property will be subject to the Empty Homes Tax (Vacancy Tax). View exemptions and possible scenarios that may apply.

Enforcement and penalties

Learn how the Empty Homes Tax (Vacancy Tax) will be enforced, submit a Notice of Complaint, and pay and dispute a bylaw notice.

Frequently asked questions

View a list of questions, answers, and definitions about the Empty Homes Tax (Vacancy Tax).

Why an Empty Homes Tax

Find out more about the Empty Homes Tax (Vacancy Tax), including why the tax was introduced, reference documents, and more.

Declare property status

Submit your Empty Homes Tax (Vacancy Tax) property status declaration by the March 5, 2018, extended deadline.

Paying your taxes

Pay your property tax and Empty Homes Tax (Vacancy Tax). Learn more about ways to pay, deadlines, and penalties.


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