The new BC provincial budget had lots of interesting changes. One of them is the additional school tax on residential properties, charged at a rate of 2 basis points (0.002) of the assessed value above $3M and an additional 2 basis points of the assessed value above $4M. After some initial confusion the province clarified that this tax will not to apply to purpose built rental buildings, each of which is typically one single taxable property, which can easily breach the $3M threshold for multi-unit buildings.
Vancouver pushed out a heatmap of dwelling units that have so far failed to declare their empty homes tax status. With everyone eagerly awaiting data on the empty homes tax declaration we wonder what can be learned from the map. Turns out not much, the city did not normalize by the number of dwelling units subject to the tax. So to first order, this is just a heatmap of where people live, which xkcd coined pet peeve #208.
The night before the council hearing discussing the character home zoning review and changes to duplex zoning we decided to spend some time understanding for who we keep 67% of residential land zoned as “single family” (RS), and another 2% as quasi single family in First Shaugnessey (FSD) and 9% as “duplex” (RT). Keeping things simple, let’s just look at RS. Who Can Afford To Buy? That’s a pretty easy question to answer.
Over the backdrop of Vancouver’s rising real estate values the exhibition of the “Vienna Model” at the Museum of Vancouver has triggered lots of discussions about what Vancouver could learn from cities like Wien. There are many angles to approach this, one of them that has received a lot of attention is the much larger proportion of government owned subsidized housing in Wien compared to Vancouver. In this post we want to focus on a different angle: land use.
A little over a year ago we ran some analysis on teardowns of single family homes in the City of Vancouver. We used the City of Vancouver open data to understand why some single family homes got torn down and other’s don’t. Relying entirely on open data, there were some important questions that could not be answered. So together with Joe Dahmen at UBC’s School Of Architecture And Landscape Architecture we came back to the question and folded in transaction data from BC Assessment to add some more details and rigor.