City of Toronto to consult on potential vacant homes tax
The City of Toronto is asking residents their opinion on whether or not the City should implement a tax on vacant homes in Toronto.
The vacant homes tax is one of the initiatives the City is looking to introduce in order to address housing availability and affordability in Toronto.
The tax would be part of the Ontario Fair Housing Plan. City Council is asking staff to consult with the public on the benefits of the tax as well as how to identify vacant units as certain privacy rights prevent personal information, such as water or hydro meter data, to be used as a way to identify vacant homes.
The City three options that could be used to identify vacant homes for taxation:
• Mandatory declaration of occupancy status for all property owners
• Self-reporting model
• Complaints basis
Residents can share their views on a potential vacant homes tax by completing an online survey here, or by attending a public consultation meeting at Toronto City Hall on Tuesday, August 22 from 6 to 8 pm in Committee Room 1.
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