One week left for Vancouver homeowners to make Empty Homes Tax declaration

The City of Vancouver is reminding homeowners they only have one week left to make their annual Empty Homes Tax declaration.
Homeowners who miss the Feb. 2 deadline face a $250 fine, and those who fail to declare at all will have their property deemed vacant, officials warned.
The city said 79 per cent of homeowners had already submitted their declarations as of Jan. 25, but that still leaves upwards of 40,000 outstanding.
The Empty Homes Tax does not apply to principal residences or homes that are rented out for at least half the year. There are also a number of exemptions allowed, including for some plots of vacant land and some homes that are undergoing major renovations or construction.
Homeowners whose properties are determined to be vacant and subject to the tax are now dinged three per cent of the assessed 2021 taxable value. City council voted to increase the rate from 1.5 per cent in November 2020.
A report released that fall by the Canada Mortgage Housing Corporation found more than 11,000 condos were added to the Metro Vancouver rental market in 2019, an increase that was attributed in part to the tax.
Declarations can be made online, and homeowners can call the city at 311 for help.
CTVNews.ca Top Stories
UPDATED | Ont. and Que. scramble to recover from thunderstorm that left at least 8 dead
Clean-up efforts are underway after a massive thunderstorm on Saturday left a trail of destruction in Southern Ontario and Quebec.

What is a 'derecho'? Climatologist explains Saturday's powerful storm
The storm that moved across Ontario and Quebec Saturday is known as a 'derecho', a powerful kind of windstorm that is long lasting and far-reaching.
Group of Ontario lawyers petitions courts to keep proceedings virtual
More than 1,000 lawyers in Ontario have signed a petition to make all court appearances 'presumptively virtual unless parties and their counsel agree otherwise.'
How concerned should we be about monkeypox?
Global health officials have sounded the alarm over rising cases in Europe and elsewhere of monkeypox, a type of viral infection more common to west and central Africa. Here's what we know about the current outbreak and the relative risk.
Officials expect 3 to 4 days to restore power across Ottawa following storm
Hydro Ottawa says it will take several days to restore power and clean up after a severe storm damaged hydro poles and wires on Saturday.
Flames engulf Indigenous-owned resort in B.C. Interior
Guests at an Indigenous-owned resort in B.C.'s Interior were evacuated Sunday morning and watched as firefighters tried to contain the flames that had engulfed the building's roof.
78,000 pounds of infant formula arrives in U.S.
A military plane carrying enough specialty infant formula for more than half a million baby bottles arrived Sunday in Indianapolis, the first of several flights expected from Europe aimed at relieving a shortage that has sent parents scrambling to find enough to feed their children.
Russia presses Donbas attacks as Polish leader praises Kyiv
Russia pressed its offensive in eastern Ukraine on Sunday as Poland's president traveled to Kyiv to support the country's European Union aspirations, becoming the first foreign leader to address the Ukrainian parliament since the start of the war.
Solemn day of ceremony to mark anniversary of Kamloops unmarked graves
Beginning at sunrise on Monday, the Tk'emlúps te Secwépemc will host a solemn day of ceremony and reflection to mark the one-year anniversary of unmarked graves being located at the site of the former Kamloops Indian Residential School.