Keywords
Property Ownership, Social Obligation
Abstract
In November 2016, the City of Vancouver passed its "Vacancy Tax By-law." The law requires homeowners to submit a property status declaration each year to the City, revealing the uses they are making of their property. An owner whose property is not rented or in use for at least 6 months a year is subject to a vacancy tax. The stated purpose of the law is to address the affordable housing crisis in Vancouver, a city where the official rental vacancy rate is less than 1%. By penalizing absentee owners, the law is intended to increase supply and to deter speculative property holding. It effectively sets out what owners owe to their community, and so what the state, acting on behalf of that community, is entitled to demand of owners.
Recommended Citation
Katz, Larissa
(2020)
"It's Not Personal: Social Obligations in the Office of Ownership,"
Cornell Journal of Law and Public Policy: Vol. 29:
Iss.
3, Article 5.
Available at:
https://scholarship.law.cornell.edu/cjlpp/vol29/iss3/5