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Ratchet Mart's avatar

Is it possible an under-occupancy tax might work? Thinking specifically about Vancouver I see in my job many many new houses being built for huge families that will never materialize. And there are countless more retirees sitting in homes with empty bedrooms. Maybe it's an incentive to build suites, maybe it's a cash grab.

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Dexter Chu's avatar

Is there a way to change the vacant land tax to only penalize developer sitting on the land? Perhaps don't charge the tax if there is a development application but only for the average length of time for planning approval. This will provide incentive to planners to approve quicker since it will lower the average time to approval. It will also somewhat prevent the developer stretching out the approval process when they really want to sit on the land.

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