Given it's Vancouver couldn't they crank up the property taxes instead? Might relieve some of the real estate pressure coming from second-home owners as well - win-win!
Vancouver could certainly increase property taxes across the board – a very divisive issue with strong support in some corners and vociferous opposition in others – but the city doesn't have the authority to adjust property taxes in special cases, for example for properties that don't provide EV charging. That would require a legal change by the province.
Could they just generally increase taxes across the board, and give out cash to properties that provide EV charging (not as a rebate, but other incentive)?
Ahh yes because raising property taxes definitely makes housing more affordable.
I’m going to start creating leases for renters where they have a choice to pay less overall rent, but they pay property taxes, or they don’t pay property taxes but pay more in rent.
So for example lease will be $2000 a month, or $1600 a month plus property taxes that are currently $300 a month.
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Given it's Vancouver couldn't they crank up the property taxes instead? Might relieve some of the real estate pressure coming from second-home owners as well - win-win!
Vancouver could certainly increase property taxes across the board – a very divisive issue with strong support in some corners and vociferous opposition in others – but the city doesn't have the authority to adjust property taxes in special cases, for example for properties that don't provide EV charging. That would require a legal change by the province.
Could they just generally increase taxes across the board, and give out cash to properties that provide EV charging (not as a rebate, but other incentive)?
More property tax!!
I can't tell if you are joking or not.
Note that in Canada, cities get lots of funding perks. One is a portion of the GST.
Ahh yes because raising property taxes definitely makes housing more affordable.
I’m going to start creating leases for renters where they have a choice to pay less overall rent, but they pay property taxes, or they don’t pay property taxes but pay more in rent.
So for example lease will be $2000 a month, or $1600 a month plus property taxes that are currently $300 a month.
I think every landlord should do this.
Good call. Let renters see how tax affects their rent.