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So just how big of an issue are empty homes in Vancouver and across the lower mainland? Some studies reveal there are roughly 10,000 vacant condos in Vancouver.Meanwhile, a recent study by Andy Yan, director at the SFU City Program found that over 22,000 homes are vacant.Regardless of the number we look at, the city is undoubtedly plagued by a sea of investors who could care less about the 0.5% vacancy rate. Perhaps an issue we can all agree on is the number of empty homes never lived in.A recent report from Better Dwelling highlights 10% of homes being resold in Vancouver have never been lived in. One that has been devastated by a market fluctuating with foreign demand. I researched Brighouse, an area in Richmond with a plethora of condo buildings and a large asian population.Alden specializes in what's called "vulture capitalism," buying businesses that are undervalued, but still on the way down.
They wring out these companies far away from Alden's Manhattan skyscraper. When the Pioneer Press moved to its new offices on St. Reporters named the trio "Alden," "Global," and "Capital." There was no formal announcement to staff that Alden had acquired Digital First. A while back, the union took out one of the strangest newspaper ads in memory.
Just last week our beloved mayor Gregor Robertson introduced a vacant homes tax in Vancouver.
The tax will penalize owners who leave a secondary home vacant for more than 180 days of the year.
Offenders will have to declare it on their tax returns and will be hit with a 1% tax of the assessed value.
False declarations will be whacked by a ,000 daily fine.
Paul's west side, someone looked out the window and noticed that a bird had taken up residence on a ledge. Reporters discovered this fact by combing through bankruptcy filings in 2010. For sale: One newspaper, with a small, desperate but dedicated staff, and a Sunday circulation approaching 200,000.