Victoria Councillor Jeremy Loveday Pushes for Vacancy Tax

Councillor Jeremy Loveday has put forward a motion asking the Provincial Government to grant Victoria the ability to tax vacant properties. As stated in the linked article, "The current rental vacancy rate in Vancouver is 0.6 per cent, but a city-commissioned report in March suggested that there are 10,800 empty units in the city". Loveday says that the City of Victoria needs to undertake similar research about the status of vacant properties and the province should grant municipalities the power to levy additional taxes to encourage occupancy of all rental units in the region. 

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