Vancouver’s mayor says the city will introduce a new business tax penalizing those who profit from sitting on housing stock amid a rental crisis – unless the province steps in with a tax of its own on thousands of empty homes.
Mayor Gregor Robertson said at a news conference on Wednesday that the city will give the B.C. government until Aug. 1 to begin collaborating on a new vacancy tax.
MIKE HAGER – Globe and Mail – June 22, 2016.
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