Vacant Homes Tax - Public Consultation

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

The survey is now closed.

Public Consultation

The public consultation session was held on Tuesday, August 22 at Toronto City Hall. You can review the presentation below.

A Vacant Home Tax In Toronto? Exploring Public Policy Benefits and Costs, August 22, 2017

Be sure to take the online survey before September 5, 2017.