🏠🍁 Toronto's Vacant Home Tax is here to transform our city! 🍁🏠 What is VHT? A new tax is aimed at encouraging property owners to rent out vacant homes, increasing housing availability. Who's Affected? Owners of residential properties that have been vacant for more than 6 months within the tax year. Tax Rate: 1% of the property's assessed value for the vacant period. Declaration Required: All homeowners must declare their property status annually. Exemptions & Rebates Available: Conditions apply for renovations, principal resident death, and ownership transfer. #TorontoHousing #VacantHomeTax #TorontoRealEstate #HousingCrisis #CityOfTO #AffordableHousing #PropertyTax #RealEstateInvesting #TorontoLife #UrbanDevelopment