Toronto's new vacant home tax

Do you own a property in the City of Toronto?  Do you have friends or family living outside Toronto that own a property in the city?  Then this is important information for you!

Did you know about Toronto Vacant Home Tax?  Be careful - if you don't submit your declaration by the deadline of February 2 you may be subject to a fine! 

If you own a property in Toronto you now must fill out a declaration with the details of who is living there.  If you own more than one property, you have to fill out a declaration for each property.

What you need to fill out your declaration:

To fill out the declaration, you'll need your Assessment Roll Number (ARN) and Customer Number from your tax form, and the occupants names' and phone number for each property.  This is for homes or condos within the City of Toronto only.

Link to on-line declaration

Exemptions:

There are some exemptions (like if someone has passed away during the year) - they can be found here towards the bottom of the page: Exemptions to Vacant Home Tax

Why has the city done this?

This new tax is an initiative to help release properties sitting vacant into either the rental pool, or to be sold.  Are vacant homes a big problem in Toronto?  I don't think there has been a way to monitor or track these properties, but the feeling is there aren't many of them.  

However, there are quite a few investors holding properties in Canada that live elsewhere - so if you have a friend or family in this situation, please make sure you forward this information to them.   They may not have received the notification!

What if you can't find your Assessment Roll Number?

If you're having trouble finding your ARN, let me know and I can look it up for you!  

Can you fill out the declaration any other way?

Yes, you can print out and mail in a declaration by February 2 as well, details and forms are at the link above.

Video LInks:

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A disturbing trend I've come across recently is the fraud in the rental space.   As an agent who handles a fair share of rentals; these issues have shown up over several ways this year.   I'll tell you about 3 instances I've had and the red flags that appeared with each! 

When I'm representing a landlord and an application comes in, I spend a lot of time going through an applicants documentation and getting references and looking through their background.  Here's what I do:

  • Call their employer by finding the employer's website and calling through their office to confirm employment.  I don't just call the supervisor on the application
  • Look carefully at the documents to see if they are real; company letterhead & credit reports can be faked or bought
  • Check social media & linked in
  • Call past landlords
  • Make sure there is a building at the address they're currently renting
  • Check that the landlords name and property owners names match.   If it's an apartment building call through the property management company if it's an apartment rather than calling the number provided.
  • Look at the credit report for signs of altering


With those things in mind, let's look at 3 things that have happened to me this year!

1.  Student rental Scam - fake rental and landlord

First of all, you should never have to pay to submit a rental application, or be asked for a deposit before you get a chance to see the place.   These scams are generally ads on sites like Kijijii and Facebook for rentals that look too good to be true.  They also steal MLS listings for homes and advertise them at lower rates.  I came across one recently through a family friend desperate for some student housing.  It was a big scam; and when I called them out they 'protested too much'.    Here's how to spot these scammers:

  • They demand payment to submit a rental application
  • They demand a deposit before you see the unit
  • Makes excuses why they are not available to speak to on the phone 
  • Will only communicate through messenger, text or email
  • The advertised price is way lower than other rentals
  • Their Facebook profile was just created
  • Their Facebook name does not match their user name ID (see the URL) 

2. Fake Rental Applications   

There are some very good forged documents out there.  I had some people submit an application on a lease I was advertising and here's what I found during the checks, among the other checks I did as above :

  • Inconsistencies in addresses on the application
  • Employment letter does not look real - no header or footer with information on the company letterhead

3. Forged Tenacy Papers

I had a call from a gal who had a great story, good employment, good credit, moving to Toronto from outside the city for work, can't come in to look for a place so needed virtual showings.  Could I help her find a place.  Sounds great right?  

Now I don't usually check tenants out before I help them (and I'd helped out a client with an out of town move this year already in a similar situation)  But with everything going on right now, I felt it couldn't hurt to see what her references would say.   So she sent in her application & 

then came the paperwork - the address of her job didn't match up with her story.  The company had never heard of her or her supervisor.  There was even no property listed at the home she had put for her address!  Other red flags for scammers include what she did:

  • get overly upset when called out 
  • provide complicated excuses for 'mistakes' on application forms
  • call the fact checker a liar, unprofessional, etc.


So be careful out there folks! 



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A big thank you to the communities of Guildwood, West Rouge & Port Union for the terrific support last Saturday for my Community Shredding Event.  About 30 families participated - and their generous food donations filled our Jeep to the brim!   The food donations were taken straight to Feed Scarborough - the Scarborough Food Security initiative and will be distributed to local satellite food banks in the area.   Judging from the huge line up outside the Manse Rd. food bank Saturday, it's much needed. 

Chartwell Guildwood was my partner for this event and provided the venue and great snacks.  Thank you Kelly & Dianne for your wonderful support.  As always, Papersavers was gracious, friendly, professional and helpful!  

One interesting sideline - My husband, myself, Dianne and Alex from papersavers all grew up within the same area!   Such a big city/small world! 

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