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As a former resident of downtown Toronto… Property taxes are a joke. They should crank up property taxes on any property that isn’t a primary residence to close the gap. Fuck the short-term-rental hoarders. I’ve always told my city councillor that I wanted to live in a nice, clean city where everyone gets their needs met, and pools and parks are open and staffed appropriately – and that higher property taxes were an acceptable way to make that happen.
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They could probably afford to buy a house if this idea was implemented. :)
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I don’t know about a house but yeah, it should force landlords with unsustainable costs to sell. 😅
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