TRREB Calls For Evidence-Based Decision On Toronto Vacant Home Tax
TORONTO, Dec. 10, 2020 (GLOBE NEWSWIRE) The City of Toronto’s Executive Committee is considering moving forward with a new tax on vacant homes, and the Toronto Regional Real Estate Board (TRREB) is asking City Councillors to ensure that their decision is data driven and results-based.
“TRREB believes that all housing policy decisions, including whether or not to impose a tax on vacant homes in Toronto, should be evidence-based. As such, it is important to have a clear understanding of the intended purpose and policy objective of a municipal tax on vacant homes in Toronto. Given the current state of the Toronto rental market, the purpose of such a tax is not immediately clear at this time,” said Lisa Patel, TRREB President.