The results of the mandatory declaration — with responses from 96 per cent of owners — suggest Toronto is not a ‘ghost city’ of vacant units.
, contributed to a 36 per cent reduction in the number of empty properties. Of the 1,755 vacant residential properties there in 2020, 49 per cent were converted to occupied in 2021, the reported stated.
“I don’t think we’re the type of city, like Vancouver or other places, that are really these ghost cities,” she said. “We are a city that attracts people that want to live and work here.”one small part of a policy puzzle to deal with a really multi-faceted problem.” There are a few exceptions, such as homes under renovation or owners in long-term care. As well, if an owner is renting out their principal residence on a short-term rental site such as Airbnb, it would not be considered vacant, a city spokesperson confirmed.the Star reported that builders were seeking an extension to the time they had to start paying the new vacant home tax on unsold housing units. But the city spokesperson said Friday that the bylaw has not been modified in response.
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