[spunwasi]

Market rent would likely be established through a cap rate of assessed value. So I'm assuming it's not really that much harder to do. Works out to around 30% higher than Vancouver's tax.

The problem with Vancouver's system is they determine vacancies through a survey. If you lie, you pay a severe penalty. However, they have a track record of not enforcing anything.

For example, the city has a law preventing the use of a home for an AirBnB full-time without a B&B license. Only 56 B&B licenses have issued in the metro area, and there were more than 2,570 listings that violated that rule at last check. City's response to our article was they have no idea how to figure that out...we offered the bot that cross references it and they said no thanks.