Londons mayor skeptical as vacancy tax study moves

2022-04-05
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The potential of a new tax on vacant residential properties in London remains a possibility after a city committee on Monday voted to hire a consultant to study the idea, while endorsing other ways to turn empty buildings into occupied rentals.?

The motion passed through corporate services committee by a 4-2 vote with CouncillorsThe emergency brake.?Maureen Cassidy:1618620402744,, John Fyfe-Millar, Josh Morgan, Shawn Lewis voting in favour and Mayor Ed Holder and Coun. Mariam Hamou?voting against

The committee was considering a city staff report that said a one per cent tax on residential properties left vacant for half a year wouldn’t generate enough money to justify steep startup costsToronto police Const. Laura Brabant sai.?

However, some councillors said the idea is worth further study as low vacancy rates push rents beyond the means of many LondonersThe festival has been allowed at a time when infections are skyrocketing becaus.??

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