Vancouver was the first municipality in north america to implement a tax like this. The city managed to raise more money than it expected, but vacancy rate is still below one percent. Ats been stuck there for years, and rents have continued to rise. Those who can fforad to leave their house empty probably is wealthy to begin with.
Dr. Tom McGinn, Executive Vice President at CommonSpirit Health, discusses the impact of new COVID19 cases on hospital capacity. Bloomberg Businessweek Editor Joel Weber and Bloomberg Opinion Columnist Justin Fox share Justin's Businessweek Magazine story A Lot of Us Are Back in the Office. These Folks Are Staying Home. Bloomberg News Vancouver Bureau Chief Natalie Obiko Pearson has Bloomberg's The Big Take story on why economists say levies on vacant homes are largely political theatre, and policymakers need to tackle other factors such as supply-demand imbalance to solve the global housing problem. And we Drive to the Close with Alan Zafran, Co-CEO at IEQ Capital.
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