"Today, Council took another step to finalize Vancouver’s Empty Homes Tax. As Mayor, I reiterate that there will be no exemptions for luxury homeowners to cap the Empty Homes Tax, or for exemptions on homes for sale because people claim that tenants will lessen the value of their property. If you’re holding a property as an investment, it will be taxed as an investment.
Affordable Housing and Support for Renters
"The living conditions in the Balmoral Hotel, a single-room occupancy hotel owned by the Sahota family, are disgusting - no resident of Vancouver should have to live in housing like that. The repeated building and safety violations are putting some of our most vulnerable residents at risk and are a massive strain on City resources.
The City of Vancouver’s Affordable Housing Agency (VAHA) is taking steps to enable more than 1,350 new affordable homes on eight additional City-owned sites. The City-owned sites, worth $72.5 million, were recently allocated to VAHA by Vancouver City Council to enable the development of new affordable rental housing.