over a freedom-of-information request to the City of Vancouver regarding short-term rentals. He ran unsuccessfully for city council in 2018.
Rezel said he’s already had people ask him to construct a similar map for Toronto, but that he doesn’t have the capacity to build one now. The front yard was an unfinished dirt patch with a walk through the middle and buckets, a broom and other construction materials strewn about it. Often, Rezel said, the homes appear to be purchased by investors who hold them and then simply sell them after a couple of months for a profit.
Meanwhile, according to figures from property rental portal, Rentals.ca, rents for a one-bedroom unit in Vancouver have increased more than 17 per cent year over year. In last year’s federal election platform, the Liberal party promised an “anti-flipping tax on residential properties,” claiming the tax would reduce demand and cool the market. The tax would apply to homes held fewer than 12 months before being sold again.