The Chinese buy the homes, and then just use them as a way to make their money safe, or laundered, and don't rent it. Left empty.
Also, like most tolerant foreigners, if they did rent it out they would only do business with their kind.
The wife of a Chinese multimillionaire is suing the Vancouver government over a $200,000 tax bill she was served for allegedly leaving a $20.4 million mansion empty,
The City of Vancouver created the Empty Homes Tax (EHT), also known as the Vacancy Tax, to help return empty and under-utilized properties to the market as long-term rental homes for people who live and work in Vancouver as just one of the many actions in its 10- year Housing Vancouver Strategy.
Toronto considers vacant-house tax starting in 2022
Census counts 25,502 unoccupied homes in Vancouver
Priciest Metro Vancouver homes draw buyers from China
No.
Very wrong.
The Chinese buy the homes, and then just use them as a way to make their money safe, or laundered, and don't rent it. Left empty.
Also, like most tolerant foreigners, if they did rent it out they would only do business with their kind.