The City of Vancouver imposes an annual Empty Homes Tax (“EHT”) on vacant Vancouver houses and residential lands to encourage owners to tenant the houses and encourage construction of new housing on empty lots. The Province imposes its own Speculation and Vacancy Tax (“SVT”) and the Federal Government imposes a similar Underused Housing Tax.
In April 2023, the ...
In December 2022, Vancouver City Council quietly enacted Bylaw No. 13575 (the “Amendment”), being an amendment to the City of Vancouver’s Parking Bylaw 6059 (the “Parking Bylaw”). Pursuant to the Amendment, accessible parking stalls in strata-titled developments must now be:
- held in common ownership; and
- not assigned to any strata lot.
Consequently, owner ...
The City of Vancouver (the “City”) has issued a new corporate policy on Letters of Credit that sets out the requirements that must be met where applicants for City approvals are required to provide security to the City for development or non-development projects.
The policy provides that the City will not accept any form of cheque (whether certified or not) or bank draft ...
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