As a former resident of downtown Toronto… Property taxes are a joke. They should crank up property taxes on any property that isn’t a primary residence to close the gap. Fuck the short-term-rental hoarders. I’ve always told my city councillor that I wanted to live in a nice, clean city where everyone gets their needs met, and pools and parks are open and staffed appropriately – and that higher property taxes were an acceptable way to make that happen.
Renters in non-rent-controlled buildings would love this idea.
They could probably afford to buy a house if this idea was implemented. :)
I don’t know about a house but yeah, it should force landlords with unsustainable costs to sell. 😅
That’s precisely the point. Get residential homes out of the hands of speculators and into the hands of families.
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That’s the plan! We can expect to see an increase in property taxes now that Olivia Chow is elected.
If only the province and city could actually agree on something
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Non-paywall link?
