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Implementation of the Vacant Home Tax

Author: 
Oliver Triskan
Publication date:
June 14, 2021
Article Summary: 

The blog discusses the implementation of the vacant home tax in several Canadian cities, including Vancouver and Toronto. The author explains what the vacant home tax is and how it works, noting that it is intended to encourage homeowners to put their properties on the rental market and increase the supply of available housing. The blog also examines some of the potential impacts of the vacant home tax on homeowners and the real estate market, including increased rental rates and a potential decrease in property values. The author suggests that homeowners consult with a real estate professional or tax expert to understand the implications of the vacant home tax on their properties.

Keywords: 

vacant home tax, Canadian cities, Vancouver, Toronto, rental market, housing supply, real estate market, rental rates, property values, tax expert.

Source Citation: 
Oliver Triskan
Implementation of the Vacant Home Tax
June 14, 2021
https://www.condodork.com/en/news/posts/implementation-of-the-vacant-home-tax
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