Five Metro Vancouver mansions rented for (relatively) cheap, cheap, cheap
It’s being reported that dozens of multi-million dollar homes on Vancouver’s westside have come up for rent as a result of the provincial Speculation and Vacancy Tax and the city’s Empty Homes Tax.
The empty homes tax is set at one per cent of the home’s assessed value, while the provincial tax is set at two per cent of assessed value. So, if you own an $8-million home that sits empty for most of the year you will have to cough up $240,000 a year extra in taxes. The easy
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