Break out the smallest violin in existence for these poor souls. They've only had six months to prepare for this.
http://www.cbc.ca/beta/news/canada/b...fect-1.4190576
Quote:
Vancouver's empty homes tax came into effect over the weekend, causing some property owners to scramble to rent, sell or find a way around the fees, according to one property manager.
Cameron Fazli is with Re/Max Crest Realty. He has seen a spike in calls from concerned owners looking for advice and solutions, he told CBC guest host of On The Coast Gloria Macarenko.
"We are getting a lot of calls from people who are unsure what they are going to do," Fazli said. "There is a lot of uncertainty and definitely a lot of unhappy property owners."
Under the new rules, homes that are not occupied for at least six months of the year are subject to a tax of one per cent of the property's assessed value. The deadline to rent out empty dwellings was July 1.
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Also, the NDP and Greens need to do something about closing this loophole, as I've heard of quite a few landlords using it to evict tenants recently:
Quote:
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Other property owners are still figuring out exactly how much of the year they spend in the property, Fazli said, and are seeing if they can find a family member to occupy enough to make it over the six month threshold.
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