Vancouver Mayor Seeks to Tax Empty Homes as Prices Soar

The video discusses the housing market in Vancouver, highlighting the challenges faced by renters and young people due to high property values. It addresses the need for more rental housing and ways to build equity. The video also explores concerns about investment and capital flows, emphasizing the importance of tax law enforcement. It welcomes immigration and discusses new regulations to ensure houses are lived in, including a speculation tax and a tax on empty homes.

What is the speculation tax and how does it relate to the housing market?

What are the implications of taxing empty homes in Vancouver?