Toronto implemented a vacant home tax last year. The deadline to submit is February 29, 2024 but the exact numbers aren't released until months later.
https://www.toronto.ca/services-payments/property-taxes-utilities/vacant-home-tax/
[Last year](https://archive.is/7RmhB#selection-4839.99-4839.304):
2,161 homeowners declared that their properties were vacant for more than six months in 2022 and subject to the tax, an additional 17,437 homeowners had not even bothered to file a declaration as of Aug. 1
Thus the total unoccupied units totaled to 19,598. Will this amount increase this year as more units are built in Toronto and counter-intuitively kept empty? Or will the taxed have incentivized more owners to sell or rent-out their place?
1,000🏅 Top traders
| # | Name | Total profit |
|---|---|---|
| 1 | Ṁ85 | |
| 2 | Ṁ3 |
According to this YouTube video https://youtu.be/0JLEFl04uNA?t=22647
In 2023, there were 10,200 homes deemed or declared vacant. This is significantly different than what Matt Elliot reported, so I'm not sure what happened there. Maybe some people complained and got the classification of "vacant" reversed?
In 2024, there was a total of 8,700, with 1,500 declared vacant and the remainder deemed vacant by lack of response.
Deadline for submission was extended until March 15th, so may need to wait longer for official numbers to be released https://mastodon.social/@GraphicMatt/112130015273241434