Vacant home tax coming

This week, Frances Nunziata and City Council voted to implement a vacant home tax in Toronto.

Homes empty for more than 6 months in a calendar year would be subject to a 1% tax on the value of the home—$10,000 a year on a $1 million house, for example. The tax would start in January, 2023, based on occupancy in 2022.

There will be exemptions for snowbirds, the sick and recently deceased, and homes undergoing renovations.

Author: Adam Norman

I am raising my two children in Weston.