@CityofVancouver — More #Vancouver Homes Occupied, Initial 2019 #EmptyHomesTax #Statistics Show

News release: #EmptyHomesTax statistics show the number of residential properties in Vancouver declared vacant in 2019 has gone down 14.6% from 2018, with the continued trend of previously empty homes being returned to the rental market:

The number of residential properties in Vancouver declared vacant in 2019 under the Empty Homes Tax program has gone down 14.6% from 2018.

As of the February 4, 2020 declaration deadline, 787 properties were declared vacant in 2019, compared to 922 at the same point in 2018, and 1,131 in 2017. Again this year, 97% of residential property owners made their property status declaration by the deadline.

The geographic distribution of vacant properties in Vancouver in 2019 based on declarations to date is similar to last year, with the largest concentration in the West End and downtown areas. The total number of residential properties in the city overall increased 1.6% year over year; mostly attributed to a 3% increase in the number of condominium units. City of Vancouver/@CityofVancouver

Source: CityofVancouver, post

 

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