Quote:
Originally Posted by Winsor_Pilates
8.7% of the market and this article is from before Vancouver started their vacant homes tax and BC's Speculation Tax.
The vacant homes rate in BC is now around 5%; 7% in Vancouver, and with that we still have the lowest supply of homes for sale in 30 years.
"only a fraction will have people live in them" was quite the exaggeration.
That fraction is 92-95%.
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Did you miss where I specifically said purchases for investments?
Your numbers above and action by the BC government clearly show that it is an issue. Similar actions need to be taken either country wide or at least in other high-dollar value locations.
A cabin in the woods or at the lake left “vacant” isn’t a problem. A vacant house or condo in Toronto or Vancouver is a problem.