Vancouver Empty Home Tax

Vancouver Increasing Empty Home Tax to 3% in 2021

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.

About Vancouver BC Empty Home Tax

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.

Important Timeline about Vancouver Vacancy Tax

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.

A step-by-step guide to making your Vancouver empty homes tax property status declaration

Step 1 – Visit vancouver.ca/eht-declare

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

Step 1 - Visit vancouver.ca/eht-declare

Step 2 – Click submit declaration

Click the “Submit declaration” button.

Step 2 - Click submit declaration

Step 3 – Provide a folio number and access code

Enter the folio number and access code.

Step 3 - Provide a 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.

vancouver advance tax notice bill

Step 4 – Select the status of your property

Select the status of your property: Principal Residence – Permitted Occupant, Tenanted, Combination of Occupancy, None of the above. And provide any additional information.

Step 4 - Select the status of your property

Stet 5 – Submit your declaration

Click to submit your EHT declaration.

Stet 5 - Submit your declaration

How Empty Homes Tax Funds are Used?

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.

Frequently Asked Questions (FAQs) about Vancouver Empty Homes Tax

How much is the empty homes tax?

The Vancouver Empty Homes Tax is 1.25% in 2020 and increase to 3% in the 2021.

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