Toronto City Staff Report Recommends New Tax to Be Levied on Vacant Homes

Toronto City Staff Report Recommends New Tax to Be Levied on Vacant Homes
Toronto Mayor John Tory speaks during a news conference at a construction site that will soon house residential housing in Toronto, Canada, on Jan. 16, 2020. Cole Burston/The Canadian Press
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Mayor John Tory expressed support for a Toronto city staff report recommending a tax to be imposed on vacant homes starting in 2022.

Tory said in a Dec. 3 news release that most Toronto residents will not have to pay this tax.