Four days remain to share ideas for Empty Homes Tax investments

May 14 2018 More than 5,400 interactions to date via online platform

West End apartments

Vancouver residents are sending in dozens of good ideas for how the City can invest the revenue generated by the Empty Homes Tax to support more affordable housing.

The City launched an online platform on April 26 and asked Vancouver residents to share their own ideas and like/comment on the ideas posted on the platform.

To date, 125 ideas have been generated by the public – everything from matching seniors with students in intergenerational housing to retrofitting heritage buildings to make them livable.

The three ideas with the most support to date include:

  • Supporting more co-op housing
  • Increasing purpose-built rental accommodations
  • Buying more land for affordable housing

 With more than 4,900 likes/dislikes and more than 400 comments, residents are also discussing the ideas with each other on the platform.

Share your ideas by May 17

The engagement campaign ends May 17, and the ideas and other input will be summarized in a report to Council in June. Vancouver residents are encouraged to participate and add their voice to the discussion. 

Share your ideas

$30 million in revenue

On April 23 the City announced announced that Vancouver’s Empty Homes Tax, the first of its kind in North America, will generate an estimated $30 million in revenue to the City, with the net revenue after costs to be invested into affordable housing initiatives.

The total $30 million in revenue will pay for the one-time implementation costs ($7.5 million) and first-year (2018) operating costs ($2.5 million). All remaining revenue will go towards affordable housing initiatives in Vancouver.

About Empty Homes Tax

As part of the City’s Housing Vancouver Strategy, the Empty Homes Tax is one of many actions the City is taking to increase the supply of rental homes and improve housing affordability in Vancouver.

The program aims to return empty or under-used residential properties back into the rental pool for the people who live and work in the city. 

Learn more about the Empty Homes Tax