Vacant Property Tax on Commercial Properties

Whereas the Province has adopted vacancy taxes on vacant residential properties as one tool to assure land speculation does not result in property standing fallow to the detriment of community livability and other goals; And whereas commercial property values are inflating province-wide, and increasingly face investment speculation resulting in similar underutilization of commercial property in many municipalities across British Columbia: There be it resolved that the Province of BC provide local governments with adoption to introduce a vacant property tax applicable to commercial properties.