Vancouver joins with LandlordBC to assist property owners affected by Empty Homes Tax

December 5 2016 Owners of empty and underused homes offered support in becoming landlords in effort to increase rental housing supply

"Landlord BC supports owners who want to become landlords though education, tools, and operational advice. In this tough housing market, it's unacceptable for so much housing to be treated as a commodity," said Mayor Gregor Robertson.

Landlord BC

Following City Council's decision last month to introduce the Empty Homes Tax, property owners will start receiving notifications by email and mail this week outlining details of the tax.

We have joined with LandlordBC to offer support and information to the owners of empty and underused homes who wish to become landlords.

Designed to boost rental housing supply in a city that has a vacancy rate of 0.7% (according to the most recent CMHC numbers), the Empty Homes Tax will apply to those properties that are neither an owner's principal residence nor being rented on a long-term basis.

We want to support owners in putting these properties on the rental market in order to increase the number of rental homes for local residents who are struggling to find a place to live.

"The Empty Homes Tax is just one of several steps City Hall is taking to boost rental supply and bring relief to renters by turning some of the thousands of empty and underused homes in Vancouver into rental properties," says Mayor Gregor Robertson. "Landlord BC supports owners who want to become landlords though education, tools, and operational advice. In this tough housing market, it's unacceptable for so much housing to be treated as a commodity. The City will continue to do everything we can to help residents find an affordable, secure place to live."

Resources to become a landlord, including a January 19 webinar

LandlordBC has created a webpage specifically for Vancouver homeowners who are interested in becoming landlords. This professional association of owners and managers of rental housing offers numerous resources to those who would like to earn income from renting their vacation or investment properties, including:

  • Proprietary forms
  • A credit check platform
  • A legislative help line
  • Educational events

"LandlordBC is BC's top resource for owners and managers of rental housing.  We are pleased to partner with the City of Vancouver to ensure that the new landlords resulting from this initiative will have access to the information and tools they need to deliver quality long-term rental housing," says David Hutniak, CEO of Landlord BC.

Landlord BC is offering Vancouver homeowners a 20% discount on inclusion in its Landlord Registry. This fee will be waived if you elect to join the organization by paying a membership fee.

As well, LandlordBC is hosting a free Landlord 101 webinar on January 19, 2017.

Register now  


Empty Homes Tax

In 2018, all Vancouver homeowners will be required to complete a self-declaration concerning the status of their property in the 2017 calendar year. Homes that are deemed empty will be subject to a tax of 1% of the property's assessed value.

Declarations will be subject to a vigorous audit and enforcement process that is in line with the best practices of provincial and federal taxation programs. Net revenues from the tax will fund affordable housing initiatives.

Learn more about the Empty Homes Tax

Landlord BC

LandlordBC is the largest professional industry association for landlords in BC. Its 3,000+ members have access to education, advocacy, proprietary tenancy forms, online tools, networking opportunities, and operational advice. They provide the support landlords need to make doing business simple and successful.

Learn more about becoming a landlord in Vancouver External website