Understanding Toronto’s Vacant Home Tax: What You Need to Know

Thursday Feb 29th, 2024

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Are you considering buying a home in Toronto? As a local realtor, I’m here to guide you through the intricacies of the city’s real estate landscape. The Vacant Home Tax (VHT) is designed to address housing shortages and encourage property utilization. 1. What is the Vacant Home Tax? The VHT aims to boost housing availability by discouraging property owners from leaving their residential properties vacant. Revenue generated from this tax is channeled into affordable housing... [read more]

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Alim Sovani

Alim Sovani

Real Estate Professional

Remax Hallmark First Group

alim@sovanirealty.com

(647) 963-1799
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