Toronto city council has voted in favour of increasing the vacant home tax from 1% to 3%. Additional revenue generated from the change will go the Multi-Unit Residential Acquisition program, which supports the purchase of market rental buildings in danger…
At the start of 2023, several new government policies impacting buyers and sellers came into effect. Here is a breakdown of three of the most noteworthy. Foreign Buyer Ban Non-Canadians are prohibited from purchasing residential properties, including detached and semi-detached…
Homeowners in Toronto have until Feb. 28 to submit a declaration of their property’s 2022 occupancy status. If the owner deems the property vacant or fails to complete the declaration, a tax of 1% of the home’s current assessed market…
Toronto city council has approved a plan to implement a new vacant home tax starting next year. A bylaw supporting the tax will come into effect Jan. 1, becoming the start of the first tax reference year — a period…
Clare Tattersall
Sales Representative
Direct: 647.625.3282
Office: 416.762.8255
Email: clare@realtorontowest.com
Royal LePage Real Estate Services Ltd., Brokerage
2320 Bloor St. W., Toronto, ON M6S 1P2
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