The objective of the Empty Homes Tax (Vacancy Tax) is to return empty or under-used properties to use as long-term rental homes for people who live and work in Vancouver.
The rate of the Empty Homes Tax is 1% of a property’s assessed taxable value.
The Empty Homes Tax will be applied annually, with the first tax year beginning on January 1, 2017.
All owners of Class 1 Residential External website, opens in new tab properties within the City of Vancouver are required to submit a property status declaration each year to determine if their property is subject to the tax.
