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More cities impose vacant home tax to fill empty condos

by DAAIR I
More cities impose vacant home tax to fill empty condos
Published in May 2023 - Page 11

Despite a recent downturn, many people find Canada’s housing market to be unattainable. This is the reality even though the Canadian Real Estate Association notes the average house price dropped a record 12 percent in 2022. But despite that decrease, the average cost of a house in Canada remains more than $700,000.

This means more Canadians are going to be renting homes for much longer, and some will remain life-long renters. But

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