What do you think of a tax on vacant homes?

As part of the Ontario Fair Housing Plan, the Province of Ontario introduced legislation that would empower the City of Toronto to introduce a tax on vacant residential units, encourage property owners to sell unoccupied units or rent them out, and address concerns about residential units potentially being left vacant.

Vancouver, facing a similar issue with housing affordability, adopted an Empty Home Tax in late 2016.

City staff presented the report Implementing a Vacant Home Tax in Toronto to Council at its meeting of July 4-7, 2017. The report was adopted and Council requested City staff to undertake public consultation about:

  • Whether Toronto should implement a tax on vacant residential units
  • Potential public policy benefits of a property tax on vacant residential units
  • Potential implementation of a tax on vacant residential units in Toronto, based on the following possible administrative approaches:
    1)The Vancouver Approach (i.e. mandatory declaration for all properties); or
    2)Self-Reporting Model; and/or,
    3)Complaints Basis.

Survey
Take the online survey on whether Toronto should implement a vacant homes tax. The survey will be open until Tuesday, September 5, 2017.

Public Consultation
Attend the public consultation session to share your views:

When: Tuesday, August 22, 2017
Time: 6 – 8 p.m.
Where: Toronto City Hall, 100 Queen St. W – Committee Room 1 (map)

If you require special accommodation please contact: Alex Mozo, 416-397-5226 or alex.mozo@toronto.ca by August 18, 2017.