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Reality of New Residential Vacant Unit Tax Hits Home in Toronto and Ottawa

Homeowners in Toronto and Ottawa Now Face Fines if Their Residential Units Aren’t Inhabited
Homeowners in Toronto are now required to attest that their properties are occupied. Similar new rules are now also in effect in Ottawa. (Ashley Hardman/CoStar)
Homeowners in Toronto are now required to attest that their properties are occupied. Similar new rules are now also in effect in Ottawa. (Ashley Hardman/CoStar)

The reality of new potential fines on millions of Toronto and Ottawa homeowners are setting in, as residential property owners in both Ontario cities now must prove that their units have not been sitting vacant for long.

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