H & S Real Estate Group
On November 25, 2020, The Vancouver City council voted to increase the city’s Empty Homes Tax to 3% in 2021. Mayor Kennedy Stewart put forward the motion to increase the Vancouver vacancy tax.
“I’m so glad that Council backed my plan to stand up for renters.”
Kennedy Stewart, Vancouver Mayor
The Vancouver Empty Homes Tax (EHT) property status declarations for the 2020 tax year are due February 2, 2021.
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The City of Vancouver created the Empty Homes Tax (EHT), also known as the Vancouver Vacancy Tax, to reduce empty and under-utilized properties. At the same time, to help increase long-term rental homes for people who live and work in Vancouver. According to the CMHC 2019 Rental Market Report, Vancouver has a 1% rental vacancy rate, the lowest rental vacancy rate of any Canadian city. Revenues generated from the tax must be reinvested in affordable housing initiatives across the city.
November 16, 2016 – Vancouver City Council approved the EHT program. It enacted the Vacancy Tax Bylaw No. 11674 (EHT by-law) to levy a tax on empty and under-utilized class 1 residential properties within the City
of Vancouver. Homes that are declared or deemed vacant are subject to a tax of 1% of the property’s assessed taxable value.
November 27 2019 – Vancouver City Council amends the Vacancy Tax by-law to increase the Empty Homes Tax rate to 1.25% for the 2020 tax year.
November 25, 2020 – Vancouver City Council amends the Vacancy Tax by-law to increase the Empty Homes Tax rate to 3% for the 2021 tax year.
All Vancouver homeowners need to make an empty homes tax property status declaration. To begin your empty home tax declaration, please visit vancouver.ca/eht-declare
Click the “Submit declaration” button.
Enter the folio number and access code.
You can find these info on the advance property tax notice. Make sure to include your name and contact details.
Select the status of your property: Principal Residence – Permitted Occupant, Tenanted, Combination of Occupancy, None of the above. And provide any additional information.
Click to submit your EHT declaration.
Since the creation of the Empty Homes Tax, Vancouver has collected over $61.3 million. The revenues collected has been used to help build more affordable housings in Vancouver and support a variety of affordable housing initiatives.
Click here to learn more about the Vancouver Empty Homes Tax. If you have any questions real estate questions, please contact me.
The Vancouver Empty Homes Tax is 1.25% in 2020 and increase to 3% in the 2021.
Sam Huang PREC
H & S Real Estate Group
Real Estate Coal Harbour
RE/MAX Select Properties
Address: 5487 West Boulevard, Vancouver BC V6M 3W5, Canada
Phone: 778-991-0649
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Email: Contact Me