I bought a pre-sale condo and it’s gone up in value. What if I assign the contract or just buy it and flip it before it’s ever occupied? How about after six months? A year? Is there even a rule?
As the first of its kind, the Vancouver Empty Homes Tax (“EHT”) is now into its third year. The rationale for this draconian tax by the city of Vancouver was that there were close to 25,000 empty homes in the city with a rental vacancy rate next to nil.