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Behind the Scenes EMA Mortgage Podcast

Episode 21: Toronto's Vacant Home Tax

21 Dec 2020

Description

Toronto's Vacant Home Tax The City of Toronto will be implementing a Vacant Home Tax. It will be at 1% Vacant Tax Rate of the Property's Taxable Assessed Value. It will likely start in 2022. The goal is to force unoccupied homes to be rented or sold. Let's look at Vancouver's Vacant Tax Rate on what might our Vacant Home Tax may look like.

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