Cities Sic the Taxman on Vacant ‘Ghost Homes'


Vancouver is one city that has shown benefits of a tax on “ghost homes,” or units that sit empty for a certain period of time. The idea is to encourage development and ensure there is ample housing stock for newcomers to the city. San Francisco is considering implementing this system, but it is still in the very early stages of such a shift. However, in Vancouver, the tax has generated millions in taxes which will fund housing initiatives, while decreasing the vacancy rate significantly.

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