WHITE ROCK (NEWS 1130) – A White Rock city councillor wants to bring a Vancouver-style vacancy tax to his community.
Councilor Anthony Manning made the motion at a Jan. 28 council meeting.
He says there should be one big difference from Vancouver. He says he’d like to make the tax five per cent, based on the taxable assessed value of the property, not one per cent, like in Vancouver.
“We’re a city of five square kilometres,” Manning told council. “Our land is precious and we need to make sure that each and every lot is being used for the purpose that it is zoned for. We can’t afford the luxury of any unused property.”
City staff were quick to point out the process is a bit different in White Rock than in Vancouver.
However, they said they will put together a report looking at how White Rock might be able to achieve something similar to Vancouver.
The motion to explore the possibility was passed unanimously.