Seems fair to me, they got a fine for purchasing a property and sitting on it just for the property value increase instead of doing something with it. I am sure the neighbours loved living next to a house that was allowed to turn into that eyesore.
We need MORE fines like this all across canada, vacant houses and condos need to be taxed to the maximum.
Key_Mongoose223 on
The property has been empty since 2017. If you won’t provide it as housing you pay a tax.
The end.
budgieinthevacuum on
“The City of Vancouver says the developer should have repaired and rented out two dilapidated houses while it prepared the site for redevelopment, but the developer said the homes were uninhabitable as they were contaminated by asbestos, mould and rat feces.”
That’s ridiculous. Even if the home could be repaired some poor renter would get in there and then eventually get booted anyway. How the hell does that solve anything?
GlitteringBeat213 on
Love this.
undoingconpedibus on
Poor developer. The same developers that are motivated to only build investor types of properties for rich foreigners! Pure greed and investor speculation is a huge component of why we have housing issues to date!
6 Comments
Seems fair to me, they got a fine for purchasing a property and sitting on it just for the property value increase instead of doing something with it. I am sure the neighbours loved living next to a house that was allowed to turn into that eyesore.
We need MORE fines like this all across canada, vacant houses and condos need to be taxed to the maximum.
The property has been empty since 2017. If you won’t provide it as housing you pay a tax.
The end.
“The City of Vancouver says the developer should have repaired and rented out two dilapidated houses while it prepared the site for redevelopment, but the developer said the homes were uninhabitable as they were contaminated by asbestos, mould and rat feces.”
That’s ridiculous. Even if the home could be repaired some poor renter would get in there and then eventually get booted anyway. How the hell does that solve anything?
Love this.
Poor developer. The same developers that are motivated to only build investor types of properties for rich foreigners! Pure greed and investor speculation is a huge component of why we have housing issues to date!
Good