Three Years of Speculation and Vacancy Tax Data

Co-authored with Jens von Bergmann and cross-posted at MountainMath

TL;DR

We now have three years of Speculation and Vacancy Tax data for BC, demonstrating generally less than one percent of properties pay the tax in most municipalities. We play around with the data we scraped from files released by the BC government to show

  • how the federal CHSP program systematically overstates “foreign ownership”
  • how source of revenue estimates shift depending upon definitions and tax rates
  • how properties are moving into rentals and
  • what else we can glean from exemptions and revenue data.

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Acting Locally on Housing

Co-authored with Jens von Bergmann and cross-posted at MountainMath

It may be a measure of the issue’s importance that in the midst of a major climate disaster (not to mention COVID, breakdowns in reconciliation, and other ongoing crises), the leader of the BC Green Party, Sonia Furstenau, dropped a new op-ed on housing. Timing aside, we see this as promising. As we’ve noted in comparing platforms going into the last election, the BC Greens could use some better planning on housing policy.

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Fixing Parking

(Joint with Jens von Bergmann and cross-posted at MountainMath)

New parking proposal just dropped! As Vancouver City Council once again discusses parking it seems like a good time to give a brief overview of the trade-offs involved, with special focus on the progressivity of parking permit fees. Vancouver proposed to introduce a city-wide parking permit program, requiring residents to buy a $45/year parking permit to park their vehicles on city streets (reduced to $5 for people with low incomes), or pay a $3 overnight visitor parking fee. Additionally the City proposes higher annual fees of $500 to $1000 for new gasoline-powered cars built 2023 or later.

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Lots of Opportunity: Estimating the Zoning Tax in Vancouver

(Joint with Jens von Bergmann and cross-posted at MountainMath)

TLDR

We estimate the land value lost by lot subdivision restrictions in the RS (single-family) zoned lands of Vancouver. These restrictions, also known as the zoning tax, subsidize hoarding of land for the wealthy at the cost of those who wouldn’t mind sharing. We conservatively estimate the overall cost of preventing splitting of lots at $43 billion, or an average of 37% of existing lot land value. Alternative formulations enabling deeper subdivisions raise our zoning tax estimates to $146 billion. We provide examples of what subdivision could look like, tally up non-conforming lots by zone, and discuss some of the implications.

The zoning tax is real, and it is enormous. The exact amount of the zoning tax is hard to pin down because we are so far away from the equilibrium of where people would stop subdividing land or air parcels if they were allowed to do so.

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Recent Sightings

A round-up of recent sightings on-line (cause where else am I gonna show up?)

June through July saw me presenting at the Canadian Sociological Association (CSA) meetings, joining a panel presentation with the Vancouver City Planning Commission (VCPC), and giving an invited talk with the QMI / Urbanarium Urban Lunch Series ahead of the forthcoming visit by Alain Bertaud. Details, Abstracts, Slides, and Video Links (where available) below!

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Basement Confidential: Vancouver’s Informal Housing Stock

(Joint with Jens von Bergmann and cross-posted at Mountainmath)

Informal housing

While housing is highly regulated via zoning bylaws, building code, and fire code, in situations of housing scarcity we often get informal housing that exists outside of – or only partially covered by – the existing regulatory framework. We often associate slums or shantytowns with the term informal housing, but it also applies to more organized settlements like Kowloon Walled City, or, in the context of subterranean Vancouver, a good portion of our secondary suite stock.

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Manufactured Insecurity: author meets (friendly) critic

So back in the before time, by which I mean somewhere toward the end of 2019, I happily agreed to join an “author meets critics” panel at the Pacific Sociological Association meetings to discuss Esther Sullivan‘s book Manufactured Insecurity: Mobile Home Parks and Americans’ Tenuous Right to Place. The meeting would’ve been in Eugene, Oregon at the end of March in 2020. By February I was already reading the tea leaves and doubting it was going to happen.

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Virtual Vancouver Zoning Tour

Most years I take my students on a tour around City Hall, with a focus on showing off various aspects of how City Hall is working (or not) upon the landscape around it. This year, of course, I can’t do that with my classes! So I’m moving the tour on-line, where anybody can come along if they like. Also I’m making the slides linked below available as a PDF document, in case anyone wants to download them and bring them along to walk the route.

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